IPO - Forrestania Resources Limited - 23 September 2021 1:00PM AEST ##, page-28

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.




Lady Lila looks quite impressive, being completely open.


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."