High-Grade Niobium Results at Wozi Project, Malawi

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Stock Forrestania Resources Ltd (FRS.ASX)
Release Time 30 Mar 2026, 8:19 a.m.
Price Sensitive Yes
 High-Grade Niobium Results Confirm Potential at Wozi Project, Malawi
Key Points
  • Maiden RC drilling confirms high-grade, near-surface niobium mineralisation
  • Significant intercepts up to 5.26% Nb2O5 over 1m
  • Mineralisation remains open along strike and at depth
Full Summary

Forrestania Resources Ltd (ASX: FRS) has reported the first assay results from its maiden RC drilling program at the Wozi Niobium Project in Malawi. The initial 5 of 13 RC drill holes have confirmed the presence of high-grade, near-surface niobium mineralisation, with significant intercepts including 13m @ 1.69% Nb2O5 from 16m, including 1m at 2.56% Nb2O5 and 3m @ 3.78% Nb2O5 from 25m, including 1m @ 5.26% Nb2O5. The drilling has validated targets generated from earlier exploration programs, which demonstrated broad zones of surface mineralisation and defined a +1.5km long and up to 400m wide niobium soil anomaly. The results confirm the presence of a coherent and laterally extensive niobium system, with mineralisation remaining open along strike and at depth. The combination of scale, grade and favourable metallurgy highlights Wozi as a compelling critical minerals opportunity, with further drilling planned to define the extent of mineralisation.

Outlook

Forrestania Resources is progressing the Wozi Niobium Project without requiring significant capital or management time, with the company's priority remaining the advancement of its gold projects in Western Australia towards production. The company is reviewing potential options to unlock shareholder value from the Wozi project.