FRS.ASX: Mt Palmer Gold Project Drilling Update

Mt Palmer Gold Project Drilling Update

Stock	Forrestania Resources Ltd (FRS.ASX)
Release Time	18 May 2026, 8:19 a.m.
Price Sensitive	Yes

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Forrestania Resources Announces Positive Drilling Results at Mt Palmer Gold Project

Key Points

Significant high-grade gold intersections reported
Continued exploration drilling underway
Positive results support potential expansion of mineral resource estimate

Full Summary

Forrestania Resources Ltd (ASX: FRS) has announced positive results from the recent drilling at the Mt Palmer Gold Project, located in Western Australia. The drilling program, which included 38 holes for a total of 2,564 metres, returned several significant high-grade gold intersections. Notable results include 6 metres at 7.60 g/t gold, 2 metres at 2.57 g/t gold, and 7 metres at 2.62 g/t gold. The company plans to continue exploration to expand its understanding of the geology and potential of the Mt Palmer Mineral Resource Estimate. These results are expected to improve the company's understanding of the project, which is in close proximity to the Lake Johnston processing facility.

Guidance

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Outlook

The company plans to continue exploration to expand its understanding of the geology and potential of the Mt Palmer Mineral Resource Estimate.