Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Forrestania Resources prepares for first drill campaign at Breakaway Dam following heritage survey

Published 15/12/2023, 11:05 am
© Reuters.  Forrestania Resources prepares for first drill campaign at Breakaway Dam following heritage survey

Forrestania Resources Ltd (ASX:FRS) is gearing up for a maiden drilling program at the highly prospective Breakaway Dam Lithium and Copper Project in Western Australia’s Eastern Goldfields.

With an Aboriginal heritage survey in hand – completed with the help of the Nyalpa Pirniku Native Title Group – FRS will now plan an exploration drilling program, targeting zones that produced rock chips up to 0.4% lithium and 26.7% copper within the project area.

Drilling planned for early 2024

“We are pleased to have concluded a heritage survey and thank the Nyalpa Pirniku representatives for their assistance in completing the survey,” Forrestania Resources chair John Hannaford said.

“This now clears the way for preparations for the company’s first drill campaign on this highly prospective area.

“This will be the first lithium-focused drilling in the Breakaway Dam area where a 20-kilometre monzogranite/granite/greenstone contact has the potential for significant lithium bearing pegmatites.

“Our extensive ground position in this area and the lack of previously targeted lithium exploration, underline the potential significance of a future discovery.

“Our team’s ongoing review of previous exploration data and results continues to enhance prospectivity and assist with planning the drill program, currently planned for early in 2024.”

FRS considers its sixteen Eastern Goldfield tenements to be highly prospective for large scale, multi-commodity discoveries, including lithium, copper, rare earth elements and gold.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.