Forrestania Resources initiates drilling at Lady Lila Project in Australia

Core Insights - Forrestania Resources has commenced a diamond drilling program at the Forrestania Hub in Western Australia, specifically targeting the Lady Lila Project following successful verification of historical gold drilling results [1][3] Group 1: Drilling Program Details - The current drilling campaign aims to explore the extent of mineralisation along the north-south strike and at depth, involving 1,300 meters of diamond core tail drilling [2] - The drilling operation is supported by Terra Drilling based in Kalgoorlie-Boulder [2] Group 2: Project Development and Resource Estimates - This is the first drilling program since the grant of mining lease M77/1325, and it will provide samples for metallurgical test work [3] - The mineral resource estimate for the Lady Lila deposit has been upgraded to 1.2 million tonnes at 1.03 grams per tonne of gold, totaling 40,513 ounces at a 0.5 grams per tonne cut-off [4] Group 3: Strategic Expansion and Acquisitions - Forrestania Resources is actively expanding its gold exploration and development activities across Western Australia's mining districts, focusing on building a multi-asset gold production business [5] - The company has entered into a binding heads of agreement to acquire Mantis Resources for A$235,000 in shares, which holds two exploration licenses in the Lake Johnston Operations area [6]