Forrestania Resources Limitedprovided an exploration update for its Forrestania Project, prospective for lithium, gold and nickel. The Forrestania project is located approximately 400km east of Perth in the Goldfields region of Western Australia. Results have been returned for a previously unassayed diamond hole drilled near the historic Gem Pegmatite mine.

The results have helped to define a new priority target for follow up exploration. The results from GCDD0001 are anomalous for lithium and pathfinder elements which suggests a possible relationship with pegmatite intersections from historical RAB drilling at the nearby Gem Pegmatite mine. The Gem Pegmatite target is part of the broader Gemcutter prospect which is centrally located within the Forrestania Project.

The Gemcutter prospect is located within the prospective "Goldilocks" corridor, a key focus for lithium exploration. Previous drilling at the Gemcutter prospect returned 34m @ 3.1% Li2O from the Giant Pegmatite prospect, which is located 1km north of the Gem Pegmatitie mine. Highlights: Large untested target area identified east of the Gem Pegmatite mine.

Target area extends 150m from existing pegmatite intersections at the historic Gem Pegmatitie mine. Anomalous lithium results returned from historic unassayed hole GCDD0001. Area coincides with high grade lithium rock chips collected from the Gem Pegmatite mine area.

Initial drilling being planned for the December quarter. Gem Pegmatite Forrestania Resources has received the results from a previously unassayed diamond drill hole, GCDD0001, that was drilled at the Gem Pegmatite prospect in 2019. The hole was designed to follow up on gold mineralisation recorded in hole GPRC041.

GCDD0001 was logged, cut and sampled by Forrestania Resources. The results from GCDD0001 have returned anomalous values for lithium and pathfinder elements. Mineralisation intersected within GCDD0001 is logged as occurring within a sheared fault zone and the mineralisation is interpreted to be associated with metasomatic alteration and/or pegmatite fragments caught up within the fault.

The lithium anomalism within GCDD0001 is viewed as significant as the hole is located 110m from the Gem Pegmatite mine where anomalous lithium values have been reported from historic pegmatite intersections. The promising results support previously announced pegmatite rock chip results collected by Forrestania Resources from the Gem Pegmatite mine area including: RAB drilling carried out at the Gem Pegmatite mine in the 1980's intersected intervals of mineralised pegmatite containing low level anomalous lithium. The historic intercepts are located within the weathered profile and due to the depth limitations of RAB drilling the pegmatites were not effectively tested at depth.

Several of the historic pegmatite intercepts have not been closed out, so the Gem Pegmatite remains open laterally and at depth. The Gem Pegmatite was mined in the 1980's for tantalum and gem grade tourmaline and beryl, mining was carried out to a depth of approximately 18m. Planning for drilling at the Gem Pegmatite target is underway.

A PoW for the relevant area has been applied for and approved, drilling is currently being planned for the December quarter. Forrestania continues to progress approvals for other target areas at the broader Gemcutter prospect, with a follow up flora survey having being undertaken.