Forrestania Resources Limited announced it has executed a drilling contract for its second lithium-focussed drill program at the Forrestania Project. Topdrill Pty Ltd. has been engaged and will mobilise an RC rig for the programme to commence in the fourth week of January 2023. The RC drill programme for up to 5,000m will test targets at four of the Company's lithium prospects: Giant Pegmatite, targeting extensions of a previous discovery of 34m @ 3.1% Li2O1 from 68m.

South Iron Cap East, testing the prospect identified in April 2022, which includes an anomalous tantalum in soil zone of over 2.5km in length with a pegmatite outcrop. This prospect is located less than 1km to the east of IGO's South Iron Cap drill intercept where 50.6m @ 0.95% Li2O2 was recorded from a nickel focussed drill hole. Gemcutter, targeting extensions to historic pegmatite and lithium intercepts, beneath the Gem Mine.

Bounty East, drilling across the major tantalum anomaly zone, targeting deeper mineralisation on a drill line which has not previously been drilled, located only 6km east of the world class Mt Holland/Earl Grey lithium mine.