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Forrestania build battery scale

12 July 2022
ASX: FRS
Jack Baker

Forrestania Resources has expanded its lithium potential and identified a pegmatite outcropping at the newly discovered Mousetraps prospect, part of its namesake project lying near Hyden on the southeast edge of Western Australia’s Central Wheatbelt.

The site sits just seven kilometres from its Bannon prospect in the lithium-focused ‘Goldilocks’ corridor, where the explorer has attained works approval to begin much-anticipated drilling.

The Forrestania project encompasses 623 kilometres of tenure, hosts several priority lithium targets and has ample potential for gold and nickel discoveries.

Map of Mousetraps about other pegmatites.

The company said identifying a previously unrecognised outcrop was an exciting development for its lithium program.

“The mapping of a new pegmatite outcrop at Mousetraps highlights the exploration potential of the Forrestania Project for potential discoveries as we continue to ramp up our fieldwork,” chief executive Angus Thomson said.

“We continue to build momentum with our approvals workstream. The Company has now secured POW approvals for two high priority lithium prospects at South Iron Cap East and now Bannon.”

Forrestania has executed several heritage agreements with the Ballardong People and expects significant near-term exploration and approval progression.

FRS’ Australian Stock Exchange-listed share price has risen 6.67 per cent today, selling at 16c (2.50 pm UTC+ 8 hours).

COMPANY OVERVIEW

Forrestania Resources Limited is an exploration company searching for gold, lithium and nickel in the Forrestania, Southern Cross and Leonora regions of Western Australia. The Forrestania Project is prospective for gold, lithium and nickel and is currently the only project, within the tenement portfolio that holds a gold Mineral Resource. The Southern Cross Project is prospective for gold and lithium and the Leonora Project is prospective for gold.

COMPANY INFORMATION

ASX: FRS

Website

https://forrestaniaresources.com.au/
https://www2.asx.com.au/markets/company/frs

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