FRS 5.56% 1.9¢ forrestania resources limited

I think it's oversubscribed by a mile, judging from the...

  1. 617 Posts.
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    I think it's oversubscribed by a mile, judging from the surrounding sentiment & macro sentiment of Li - Ni - Au exposure.

    Coming online for a 10mil mcap with 5mil cash, pretty tight registry by the sounds - I'm sure it'll grasp some attention.

    Pretty cheap deal for those assets too.

    https://hotcopper.com.au/data/attachments/3576/3576325-dd7257adbcf8317cce817a2568fed76f.jpg


    Lady Lila looks quite impressive, being completely open.

    https://hotcopper.com.au/data/attachments/3576/3576332-7f5626e57583053121960ae7ec1a7fc3.jpg

    Along with the Li potential @ Gemcutter.

    " Marindi’s maiden RC drilling program, targeting lithium mineralisation, intersected 106m ofpegmatite in GPRC06, which was host to significant spodumene and petalite mineralisationwith 33m grading 3.2% Li2O from 69m, including 13m grading 4% Li2O from 81m.A scissor drill hole was drilled and intersected 8m grading 1.2% Li2O, including 4m @ 2.1%Li2O. Pegmatites are observed in two dominant orientations in the FGB:1. north-west striking bodies, with a dip of 60 degrees to sub vertical to the southwest;and2. north-south striking bodies, with a shallow dip to the east.

    Firefly concluded that the full extent of pegmatite mineralisation at Gemcutter had not beentested, but to date no further drilling has been completed."
    https://hotcopper.com.au/data/attachments/3576/3576345-0dc3cc6cbe7676d5f610c55a2d0e06a3.jpg

    https://hotcopper.com.au/data/attachments/3576/3576355-ea8f877d55a5055e4291e9aa518a68ba.jpg

 
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