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
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Fe Limited named herein, including the promotion by the Company of Fe Limited in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Fe Limited undertakes capital raising to fund rapid exploration of new...

Fe Limited (ASX:FEL) chairman Tony Sage updates Proactive Investors on the company's recent lithium acquisitions in Western Australia, potentially giving FEL the biggest landholding of lithium tenements in the country.    Sage says an extensive mapping program focusing on...

on 28/5/19

2 min read