- Forrestania Resources (FRS) commences planning an initial drill program at the South Iron Cap East lithium prospect at the Forrestania Project in WA
- The planning follows the recent program of work approval
- Further infill soil sampling programs are also planned at the prospect, targeting the area southeast of the recently identified outcropping pegmatite
- CEO Angus Thomson said the company is making “significant progress” on both its field and approvals process
- On the market, FRS shares are up 17.9 per cent to trade at 16.5 cents per share at 2:05 pm AEST
Forrestania Resources (FRS) has commenced planning an initial drill program at the South Iron Cap East lithium prospect following the program of work approval.
South Iron Cap East is located within the Forrestania Project in the Southern Cross region of Western Australia.
The prospect is about one kilometre from a previous drill result reported by Western Area (WSA) of 50.6 metres at 0.95 per cent lithium oxide. Forrestania said this is a “significant result and demonstrates the prospectively of the area.”
Forrestania said further infill soil sampling programs are also planned at the prospect, targeting the area southeast of the recently identified outcropping pegmatite.
CEO Angus Thomson said the company is making “significant progress” on both its field and approvals process.
“The team remains committed and very busy with reconnaissance work and soil sampling programs underway to help us refine our lithium and gold targets,” he said.
“Pleasingly we are now planning for an initial drill program at the South Iron Cap East lithium prospect, and we continue to progress several other pending POW application.”
Notably, the company has received approvals process feedback from the Department of Mines, Industry Regulation and Safety (DMIRS). The feedback has clarified FRS’s requirements when exploring in areas of increased environmental importance such as the broader Forrestania area which contains a high level of floral diversity.
Mr Thomson has labelled this feedback as “valuable.”
“ESG considerations are becoming an increasingly important factor for many stakeholders, and we are happy to continue to work with the relevant government departments to reduce the impact of exploration.”
The company said it will remain focused on progressing exploration at the Forrestania Project and securing the relevant approvals to support drilling programs at its high priority lithium and gold prospects.
On the market, FRS shares were up 17.9 per cent to trade at 16.5 cents per share at 2:05 pm AEST.