Ann: Forrestania Project - Exploration Update, page-4

Only a 15 million ish market cap and flying under the radar.

Chief Executive Officer, Angus Thomson, commented: “With the team now in place, it has been an exceptionally
busy period. In a short period of time the geology team has built a high-quality exploration pipeline of lithium, gold and
early stage nickel prospects. Each of the prospects has been screened against our robust internal selection criteria,
which in turn highlights the potential for significant discoveries. Our Forrestania Project runs north-south for ~100km
and covers significant areas of prospective Granite / Greenstone contact and the “Goldilocks” zone for lithium
exploration. We are particularly excited about the Goldilocks zone as this is essentially the “sweet spot” when exploring
for lithium bearing pegmatites.
The ongoing review has identified several new priority prospects at South Iron Cap East and Banon. Along with the
existing priority prospects at Bounty East (~6km from the world class Early Grey deposit) and Gem/Giant (where lithium
bearing pegmatites have previously been identified) the Company has now identified multiple areas that are prospective
for potentially significant lithium discoveries located along the length of the Forrestania Project.
In addition, our gold exploration continues to build momentum and we believe the potential of projects such as Lady Lila
and Black Prince / Great Southern continues to grow. Recent drilling at Lady Lila was highly successful and confirmed
strike and depth extensions to mineralisation. Follow up drilling is being planned and will focus on further strike and
depth extensions.
While still being early days, we are very excited by the Black Prince / Great Southern area where we are seeing the early
signs of a potentially significant northwest striking gold trend emerging. At Black prince high grade rock chips have
been sampled over ~1.6km and further along the same trend a gold soil anomaly covering ~900m has been defined. At
Great Southern rock chips have also identified a possible second northwest striking gold trend over ~600m. We are
eagerly awaiting the results of a high-resolution aeromagnetic survey which will allow us to identify any prospective
structures and help refine drill hole targeting.
It really is a very exciting time at Forrestania Resources as we continue to build momentum, ramp up our exploration
and look forward to drilling a number of high impact targets this year”