Forrestania Resources provided an update on exploration activities from its Leonora/Eastern Goldfields project area. The Company's Eastern Goldfields Project is located north of Kalgoorlie around the gold mining districts of Leonora and Menzies. The Eastern Goldfields project area comprises ten tenements that are strategically located over areas that the Company believes are highly prospective for large scale, multi commodity discoveries.

The Melita 02 prospect (located within the Breakaway Well project - E29/1118) was identified by Company geologists from historic WAMEX reports. These reports detail diamond exploration in the region by Stockdale Prospecting Limited, who identified numerous kimberlite occurrences within the project area, in the 1990s. A heli-mag geophysical survey led Stockdale Prospecting Limited to target the Melita 02 anomaly1 and subsequently, in 1997 several AC and RAB drill holes were completed, along with two trenches/costeans.

Several field trips have taken place to the Eastern Goldfields project area by FRS geologists. At the Melita 02 prospect, with no outcrop available, a total of 11 "grab" samples were taken from historic costeans as well as from historic drill cuttings. These samples have returned strong REE results, see table 1. The results are especially encouraging given that the location of some of the high REE results are over 800m apart.

Additionally, elevated and anomalous results for niobium were also returned, including: FR000545 - 242ppm Nb, FR000546 - 220ppm Nb, FR000544 - 218ppm Nb, FR000550 also returned very high values for barium (5210ppm Ba), lead (648ppm Pb), strontium (1045ppm Sr) and zinc (1020ppm Zn), helping confirm the magmatic origin of the intrusive. In a regional context, Asra Minerals have recently raised funds to advance their Mt Stirling Project2 (a multi-commodity asset with a high ratio of "heavy" REEs), approximately 60km the north-east of the Melita 02 prospect. Marquee Resources' Redlings REE deposit, a mineralised system that is related to carbonatitic dykes and associated fenitic alteration3, is located approximately 35km north-north-west of the Melita 02 prospect.

Stockdale Prospecting Limited also noted in WAMEX report A53618, the location of a number of other geophysical, magnetic anomalies that have the potential to be dykes; many of these are located throughout the Company's Eastern Goldfields project area. The Melita 03 prospect is one of those geophysical anomalies and is located 1.6km to the north, also on the Company's Breakaway Well project. A number of other Stockdale Prospecting's geophysical targets are located across Forrestania Resources' tenements.