https://newsletter.mw.creamermedia.com
Copper|Exploration|Gold|Iron Ore|PROJECT|Projects|Proximity|Resources
Copper|Exploration|Gold|Iron Ore|PROJECT|Projects|Proximity|Resources
copper|exploration|gold|iron-ore|project|projects|proximity|resources

Forrestania withdraws from Koolyanobbing iron project

3rd September 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Western Australia-focused explorer Forrestania Resources is sharpening its focus on exploration at its existing gold and copper projects, after deciding to withdraw from the Koolyanobbing iron-ore project.

The ASX-listed company announced on Tuesday that it had not extended the Netley Fe option, thereby withdrawing from the Koolyanobbing project.

Chairperson and interim CEO John Hannaford explained that the decision was taken following the results of the due diligence drill programme on Koolyanobbing, announced last month.

“The project scope, scale and potential has been downgraded significantly as a result of low-grade iron results.

“The company assessed the results and revised target areas and the additional costs of continuing with the project, and determined that it was no longer in the best interests of shareholders to continue,” said Hannaford.

Forrestania’s focus will now be on its existing projects. The company’s Forrestania project hosts lithium, gold and nickel prospects in close proximity to the Mt Holland lithium mine, the historic one-million-ounce Bounty gold deposit and the operating Flying Fox, and Spotted Quoll nickel mines in the well-endowed southern Forrestania Greenstone Belt.

The Southern Cross project is located in the Southern Cross Greenstone Belt and has significant potential for gold mineralisation.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Golden City being put back on gold map by exciting new West Wits gold project; and, Thungela highlights innovation, talent, sustainability in coal processing at Coal Africa 2025
Resources Watch
12th November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.15 0.234s - 149pq - 2rq
Subscribe Now