Update on Breakaway Dam project

Forrestania Resources Limited (ASX: $FRS) is pleased to announce the successful completion of the heritage survey at the Breakaway Dam project (E29/1037). The survey was conducted with the assistance of the Nyalpa Pirniku Native Title Group. The project area has shown promising results from previous field work, including anomalous rock chips with up to 0.4% Li2O and up to 26.7% Cu2. Results from recent mapping trips and field work are pending and will contribute to finalizing the maiden drilling program planned for early 2024.

Chairman's Comments on Heritage Survey Completion

We are pleased to have concluded a heritage survey and thank the Nyalpa Pirniku representatives for their assistance in completing the survey. 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 ~20km 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.

Summary of Breakaway Dam Project Update

Forrestania Resources (ASX: $FRS) has successfully completed a heritage survey at the Breakaway Dam project area with the assistance of the Nyalpa Pirniku Native Title Group. The completion of the survey paves the way for the Company's first drill campaign in the highly prospective area, focusing on lithium exploration. The project area has shown promising results from previous field work, and the pending results from recent mapping trips and field work are expected to contribute to finalizing the maiden drilling program planned for early 2024. The Company's extensive ground position in the area and the lack of previously targeted lithium exploration highlight the potential significance of a future discovery. Forrestania Resources remains focused on exploring, collaborating, and acquiring to increase value for shareholders.