Fe Limited

Fe Limited leveraged to exploration upside at Forrest Project

The Forrest Project area includes the Wodger, Big Billy and Forrest prospects.

aircore drilling in action
The project is prospective for copper and gold mineralisation

Fe Limited (ASX:FEL) has a 20% free carried interest until a decision to mine alongside partner Auris Minerals Ltd (ASX:AUR) at the Forrest Project in the Bryah Basin of Western Australia.

Auris has recently completed an 83-hole, 7,328-metre aircore drill program along the prospective strike between the Wodger and Big Billy prospects.

Assays remain pending while further exploration is planned including a reverse circulation (RC) drill program at the Wodger prospect this quarter.

READ: Fe Limited set to benefit from copper gold drill program

Follow-up gradient array induced polarisation (IP) surveys are due to start next week at both the Wodger and Forrest prospects.

These surveys will target disseminated mineralisation, as has been intersected in drill holes at both prospects.

The aim is to recognise similar mineralisation, which could prove to be a useful vector towards higher-grade massive sulphides.

Quick facts: Fe Limited

Price: $0.02

Market: ASX
Market Cap: $6.86 m

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