Key Highlights of the Announcement

Forrestania Resources Limited (ASX: $FRS) has announced the confirmation of hematite and goethite-bearing iron formations over the Koolyanobbing (Kooly Fe South) target. The rock chip sampling results align with modelling expectations, indicating the presence of outcropping precursor rocks likely to host hematite mineralisation. Laboratory analysis using pXRF and XRF confirms anomalous iron grades, while XRD analysis confirms hematite-dominated iron formations over the highest priority targets.

Executive Commentary

Laboratory results from rock chip sampling programs over the Kooly Fe South target area are very encouraging, confirming the presence of hematite and goethite. These results support our targeting methodology and align with our geological expectations.

Summary of the Announcement

Forrestania Resources' announcement confirms the presence of hematite and goethite-bearing iron formations at the Koolyanobbing (Kooly Fe South) target. The rock chip sampling results, along with laboratory analysis, indicate the potential for significant mineralisation at depth. The high quartz content in the samples suggests a favourable depositional environment, enhancing the potential for concentrated iron deposits below the surface. The company's exploration efforts align with its strategic focus on lithium, gold, nickel, and iron ore in Western Australia and Quebec, Canada.