Forrestania Resources Limited (AU:FRS) has released an update.
Forrestania Resources Limited has reported promising results from rock chip sampling at the Koolyanobbing (Kooly Fe South) project, confirming hematite and goethite presence, indicative of high-grade iron mineralisation potential. These findings are in line with geological models anticipating richer mineralization below surface levels, as suggested by the high quartz content indicating well-preserved Banded Iron Formations. The company awaits heritage clearance to proceed with drilling, following positive laboratory analyses validating the iron grades and hematite-dominant formations.
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