Forrestania Resources Hits High-Grade Gold at Lady Lila Project

Strong High-Grade Gold Intercepts at Lady Lila

Forrestania Resources (ASX:FRS) has reported a series of compelling high-grade gold intersections from its recent drilling campaign at the Lady Lila Gold Project, located within the granted Mining Lease M77/1325 in Western Australia. The reverse circulation (RC) and diamond tail drilling program, comprising 43 holes for a total of 5,142 metres, returned significant intercepts including a standout 21 metres at 2.50 g/t gold from 21 metres, with a high-grade 1 metre interval grading 15.85 g/t gold within that.

Other notable results include 3 metres at 3.33 g/t from 66 metres and 3 metres at 3.42 g/t from 80 metres, both featuring individual 1 metre intervals exceeding 5 g/t Au, as well as 5 metres at 4.18 g/t from 43 metres with a 1 metre section hitting 10.89 g/t. These results underscore the presence of robust mineralisation over multiple zones within the deposit.

Enhancing Resource Confidence Near Lake Johnston

The Lady Lila deposit, part of Forrestania’s Forrestania North Project, lies just 7 kilometres southwest of the historic Bounty Gold Mine, which produced over 1 million ounces. The project is strategically positioned close to the Lake Johnston processing facility, offering potential operational synergies. The recent drilling campaign has not only delivered high-grade hits but also improved the geological understanding of the deposit’s structure and continuity.

In September 2025, Forrestania upgraded the Mineral Resource Estimate (MRE) for Lady Lila to 1.2 million tonnes at 1.03 g/t gold for 40,513 ounces using a 0.5 g/t cutoff. The new drilling results are expected to support further resource upgrades as the company continues to convert Inferred Resources into Indicated categories, a critical step towards eventual development.

Chairman David Geraghty highlighted the encouraging nature of the results, noting the ongoing systematic drilling programs across the company’s portfolio and the proximity of Lady Lila to existing infrastructure. This drilling success builds on Forrestania’s broader strategy to expand its footprint in Western Australia’s premier gold districts, including recent acquisitions and resource upgrades at other projects.

Geological Setting and Exploration Outlook

Lady Lila is hosted within a north-south trending, steeply east-dipping mineralised zone characterised by quartz stringers within garnetiferous, graphitic pelitic sediments. The deposit is analogous to the nearby Bounty Gold Mine, with mineralisation associated with banded iron formations (BIFs) in the Forrestania Greenstone Belt. Drilling was conducted predominantly at -60 degrees towards 270 degrees, intersecting the mineralisation close to perpendicular, which supports confidence in the reported down-hole widths.

The company’s exploration approach includes staged development drilling, mine planning, and metallurgical studies aimed at unlocking the project’s potential. Further assay results are pending, and Forrestania plans to provide updates as these become available. The ongoing drilling and study programs are integral to advancing Lady Lila towards a development decision.

This drilling campaign fits within a broader context of Forrestania’s recent activity, including resource expansions at Johnson Range and Mt Palmer, as well as strategic acquisitions such as the Newington project, strengthening its position in Western Australia’s gold sector. The company’s focus on resource growth near the Lake Johnston processing hub continues to shape its exploration and development priorities.