Forrestania Resources Limited (ASX:FRS)

Melanie Sutterby
Market Cap (AUD): 3.51M
Sector: Materials
Last Trade (AUD): 0.12 +0 (+0%)
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1. About

Forrestania Resources Limited (ASX:FRS) is a mineral exploration and development company focussed on gold, lithium and nickel discoveries in Western Australia. The Company has three main projects:

Forrestania Gold, Lithium & Nickel Project 

The Forrestania Project, located approximately 80km east of Hyden, Western Australia, comprises one (1) Mining Licence, two (2) Prospecting Licences, 11 Exploration Licences and two (2) Exploration Licence Applications covering an area of approximately 623km2 . Prior exploration over the project area has focussed on gold and nickel, largely in the form of mapping, soil sampling, drilling and geophysical surveys. A Mineral Resource estimate of ~24,000 oz of gold has been reported in accordance with the JORC Code at Lady Lila within the Forrestania Project area. 

Southern Cross Gold Project 

The Southern Cross Project comprises seven (7) tenements: one (1) Mining Lease, one (1) Exploration Licence, three (3) Exploration Licence Applications and two (2) Prospecting Licences, covering approximately 144km2 (~32km2 granted). The tenements are disconnected and scattered over a 40km length of the greenstone belt although all tenements are within a 30km radius of the town of Southern Cross, Western Australia. 

Leonora Gold Project 

The Leonora Project tenements are located within the Norseman-Wiluna Greenstone Belt of the Yilgarn Craton. The Project includes one (1) Exploration Licence and five (5) Exploration Licence Applications, covering a total of 853km2 . The tenements are predominately non-contiguous and scattered over a 200km length of the greenstone belt. The southernmost tenement is approximately 15km southeast of the town of Menzies, and the northern most tenement is located approximately 70km northeast of Leonora. Prior exploration over the Project area has focused on gold, diamonds and uranium. 

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk