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Forrestania Resources (ASX:FRS) outlines lithium vision heading into 2024

ASX News, From the Floor, The Market Online Thematica
ASX:FRS      MCAP $2.912M
25 August 2023 11:29 (AEST)

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Mitchell Tinley:

From the Floor at the Market Herald and HotCopper’s Still In The Lead: Lithium’s Place in the Green Energy Transition.

I’m here with Michael Anderson from Forrestania Resources (FRS). Now, you were just on stage first of all. Do you get nervous up there?

Michael Anderson:

Not anymore. I’ve been doing it for a while, so not really. No, it’s good to get the message out there and to reach a new audience for us. So yeah, I’m very happy with how it went.

Mitchell Tinley:

And speaking of the messages you wanted to get out, what was the key message that you hoped everyone took home with them?

Michael Anderson:

Well, I think this lithium game is young in its development and we’re at the beginning of our exploration efforts. We’ve got three very exciting projects all with good discovery potential, I guess we want to get people looking at us, at the mercy of our news flow somewhat, but confident that we’ve got plenty of good news to come, and just want people to be watching when it does.

Mitchell Tinley:

And dealing with Australia and Canada, what are the differences?

Michael Anderson:

Well, we’re lucky we have a joint venture partner in Canada who is executing the programs over there, obviously different climates and different seasons but very similar geology, and so we’re all looking for the same things in what we believe two of the world’s greatest lithium exploration jurisdictions – [the] James Bay region in Quebec, but also our home turf in Western Australia, you know, both have already had prolific success for developing resources and projects, and we hope to follow suit of some of our peers.

Mitchell Tinley:

Is there any competition between Canada and Australia?

Michael Anderson:

Oh there’s plenty, and it is a very competitive space let’s be honest, there are lots of explorers, lots of development companies, and we’re all competing for the same attention and same investment dollar, but we’re all at the mercy of the geology, you know, and we hope to find, you know, a commercial great ore, and we’ll keep looking.

Mitchell Tinley:

Do you think there is enough for everyone?

Michael Anderson:

Definitely. Realistically, you know, we’re talking about this supply-demand equation, and demand is set, it strips supply, so there’s on developing to meet that demand. I don’t think we’ve reached saturation at all.

Mitchell Tinley:

Michael Anderson, thank you so much for the time. Thank you.

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