Ada Ann 1m drilling results confirm high-grade gold, up to 26g/t Au

Highlights:

• 1m drilling results from Ada Ann confirm high grade, including:
  • AARC0029 – 7m @ 4.3g/t Au (from 72m), including 1m @ 25.6g/t Au
  • AARC0028 – 3m @ 7.8g/t Au (from 74m), including 1m @ 22.2g/t Au
  • AARC0024 – 3m @ 5.9g/t Au (from 82m), including 1m @ 16g/t Au and 2m @ 3.6g/t Au (from 70m)
• Mineralisation footprint extended ~60m south & ~30m north of historic mineralisation.
• Mineralisation remains open at depth and along strike in both directions, with the strike of Au mineralisation increased to ~310m.
• Significant FRS results from phase 1 drilling¹ at Ada Ann include:
  • AARC0002 – 2m @ 10.7g/t Au (from 62m), including 1m @ 21g/t Au
  • AARC0006 – 7m @ 2.1g/t Au (from 34m), including 1m @ 7.3g/t Au
  • AARC0020 – 6m @ 1.6g/t Au (from 62m), including 1m @ 5.8g/t Au
• Historic drilling results (previously released¹) from Ada Ann include:
  • AA28 – 4m @ 12.8g/t Au (from 25m)
  • BR19 – 16m @ 2.6g/t Au (from 24m)
  • AA05 – 6m @ 6.5g/t Au (from 16m)

Having already defined strong, consistent, high-grade Au results from the maiden drilling programme at Ada Ann, the Company is pleased to report continued exploration success with further high-grade Au drilling results from the Company’s phase 2 drilling programme.

Forrestania Resources’ Chairman John Hannaford commented:

“These 1m results from Ada Ann are highly significant, with grades up to 26g/t Au, underlining the high-grade potential of the system. Pleasingly, we are seeing some thickening of the mineralised zones at depth. The drill programme extended the known mineralised zones to the north and south and the prospect continues to remain open in all directions. We look forward to coming back to drilling at the Bonnie Vale project later in the year.”

Figure 1. Forrestania Resource’s Bonnie Vale Project (E15/1632 & E15/1534) is in close proximity to major gold mines and deposits. Map includes simplified geological interpretation with WA Government magnetics. ASX: EVN Mungari lies ~5km to the east of the Bonnie Vale Project area. (ASX: EVN Mungari mine life taken from ASX: EVN Mungari mine life extended to 15 years - 5th June 2023; Mungari Mineral resource estimate figure of 5.9Moz & Rayjax Ore Reserve taken from ASX: EVN Mungari Mineral Resource & Ore Statement as at 31st December 2023 - 14th February 2024; ASX: FML Bonnie Vale mineral resource update, 26th September 2023.)

Ada Ann – Phase 2 drilling programme

The Company has recently received the 1m Au assay results from its phase 2 drilling programme (14 RC holes for 1017m) at the Ada Ann prospect. The drilling was designed to follow up on the results from phase 1 and to increase the mineralisation footprint to the north, south and at depth.

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