Forrestania Resources Ltd. advised that Managing Director Dr Michael Anderson has agreed to step down with immediate effect. The Company also advised the appointment of experienced corporate executive Scott Patrizi as a Non-Executive Director. Mr. Patrizi is a Corporate Director with strong equity capital markets and project acquisition experience.

Mr. Patrizi holds a Bachelor of Commerce from the University of Western Australia. He was the Executive Director of Western Australian gold explorer Caprice Resources Limited, where he was responsible for the successful initial public offering (IPO) of the Company in 2018 and was instrumental in overseeing the acquisition of the high-grade Island Gold Project in October 2020. Mr. Patrizi was formerly the Executive Director at Matador Mining Limited (MZZ) and a Non Executive Director of Rarex Limited (REE) and Elixir Petroleum Limited (EXR) where during his tenure each completed major transformational acquisitions.

Mr. Patrizi has worked across a wide range of industries including mining, oil and gas, healthcare, and education, providing merger and acquisition, valuation and due diligence services.