Further High-Grade Niobium Results at Wozi Project

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Stock Forrestania Resources Ltd (FRS.ASX)
Release Time 15 Apr 2026, 8:10 a.m.
Price Sensitive Yes
 Further High-Grade Niobium Results at Wozi Project
Key Points
  • Maiden RC drilling confirms high-grade, near-surface niobium mineralisation
  • Significant intercepts up to 36m @ 0.56% Nb2O5 from surface
  • Mineralisation remains open along strike and at depth
Full Summary

Forrestania Resources Limited (ASX: FRS) is pleased to report the remaining analysis results from its maiden RC drilling program at the Wozi Niobium Project in Malawi. The results confirm the presence of high-grade niobium mineralisation from surface, with grades up to 2m @ 0.94% Nb2O5, and validate targets generated from earlier exploration programs. The Wozi Niobium Project is located approximately 225km north of the capital Lilongwe and covers an area of 5.52km2. Niobium mineralisation at Wozi occurs from surface and is hosted within pyrochlore-bearing nepheline syenite, a geological setting recognised globally as highly prospective for large-scale niobium deposits. Historical exploration has defined a large and coherent niobium system, with mineralisation extending over +1.5km of strike and up to 400m in width. The maiden RC drilling program has confirmed the continuity of high-grade mineralisation within this 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 planning follow-up drilling and technical studies to advance the Wozi Niobium Project. The company is reviewing potential options to unlock shareholder value from the project, including the potential to bring in a specialist partner and assess broader corporate options.