Mt Palmer Drilling Yields 6m at 7.6 g/t Gold in 2026 RC Program

Strong High-Grade Gold Intercepts Highlight Mt Palmer Potential

Forrestania Resources (ASX:FRS) has unveiled a series of compelling high-grade gold results from its latest reverse circulation (RC) drilling program at the Mt Palmer Gold Project in Western Australia. The 2026 campaign comprised 38 holes totalling 2,564 metres, targeting multiple prospects renamed from historical identifiers to K1 through K9.

Standout intersections include 6 metres at 7.60 grams per tonne (g/t) from as shallow as 3 metres (hole 26MPRC0002), which notably contains a 1-metre interval grading 19.67 g/t, and 18 metres at 1.90 g/t from surface (hole 26MPRC0004). Other significant hits include 15 metres at 1.82 g/t from 8 metres and 7 metres at 2.62 g/t from 26 metres, illustrating both depth and grade continuity across the project.

Expanding Mineralisation at Multiple Prospects

The drilling campaign extended the footprint of mineralisation at key prospects such as K1 and K2, with results providing valuable geological insights that build upon earlier programs. The K5 prospect (formerly West Lode) also delivered notable grades, including 2 metres at 18.08 g/t gold from 23 metres, underscoring the project's potential for high-grade zones.

Historical drilling data integrated into the current exploration framework confirms consistent mineralisation styles hosted within amphibolite sequences adjacent to granite-greenstone contacts, a classic setting in the Southern Cross Greenstone Belt. Forrestania’s systematic approach aims to leverage this geological context to refine and expand the Mineral Resource Estimate, with a focus on delineating economically viable zones.

Strategic Location Near Processing Infrastructure

The Mt Palmer project sits approximately 15 kilometres east of Marvel Loch and is accessible via all-weather roads, with proximity to Forrestania’s Lake Johnston processing facility providing a logistical advantage. Chairman David Geraghty emphasised the importance of these results in enhancing the understanding of the deposit and advancing resource growth plans, stating the company’s intent to continue methodical drilling to increase the size and potential of the resource.

This drilling update follows Forrestania’s recent resource upgrades and strategic acquisitions in the region, including the Johnson Range and Hyden projects, which collectively position the company as a growing gold explorer within Western Australia’s premier mining districts. The focus on high-quality projects near established processing hubs aligns with Forrestania’s broader strategy to build a substantial and economically viable gold portfolio.

Technical Rigor and Future Exploration Plans

The drilling program adhered to industry best practices with detailed logging, sampling, and assay protocols overseen by Chief Geologist Manohar Ghorpade, a Competent Person under JORC standards. Downhole widths are reported, though true widths remain to be confirmed through further analysis.

Forrestania plans ongoing exploration activities, including in-fill and step-out drilling to support a forthcoming JORC-compliant Mineral Resource Estimate. The company’s methodical approach to exploration and integration of historical data positions Mt Palmer as a key asset within its Southern Cross hub, complementing recent resource expansions at Johnson Range Johnson Range gold resource and the Hyden acquisition Hyden Gold Project acquisition.