FORRESTANIA - GOLD
This Project Summary was last updated 2009-06-23 01:51:58.
The North Ironcap Gold Project is located in the Forrestania region of Western Australia, approx. 12km north of Western Area’s Flying Fox nickel sulphide deposit.
The North Ironcap Project (tenement M77/544 comprising 4.43 sq km) contains four occurrences of gold mineralisation in the southern portion of the project area that underwent considerable drilling, metallurgical test work and pit design work in the late 1990’s. Best intersections from previous RC drilling in this area included: 13m @3.88g/t Au from 26m; 23m @ 2.17 g/t Au from16m and 13m @ 4.89 g/t Au from surface.
NEWS FLOW...
January 31, 2012
HNR AGM Presentation
More...January 31, 2012
2nd Quarter Activities Report
October 31, 2011
1st Quarter Activities Report
More...September 30, 2011
Annual Report 2011
More...July 29, 2011
4th Quarter Activities Report
HANNANS REWARD
Our Exploration Team completed a substantial amount of preparatory field work and permitting during Q2 2011 and is now ready to test gold, nickel, manganese and iron targets with RC and diamond drilling during Q3 and Q4. Direct exploration cash expenditure during the Q was $0.9M. The Exploration Manager has set out the work completed during Q2 2011 in his report that follows.
In August 2011 we’ll commence RC drill testing a number of deep nickel sulphides targets at the Forrestania Project. These have been generated after a detailed study of the projects geology, geochemistry and geophysical data sets. Shortly thereafter we’ll commence a comprehensive RC drill program aimed at identifying high grade gold and nickel sulphides at Lake Johnston. We’re particularly excited about the gold drilling because the targets are robust and the gold price is high. Any gold exploration success at Lake Johnston should result in an immediate re-rating of the share price. The opportunity to put together the Company’s first mineral resource is likely to come from an RC and diamond drill program planned for manganese at the Jigalong Project late in Q3 or early Q4. An exploration budget of $4.5M has been set aside for the balance of 2011.
During the Q it was announced that Hannans’ iron and manganese projects would be developed within a new company owned 100% by existing Hannans shareholders. The Record Date for determining entitlement to the ‘spin out’ has been amended, as required by ASX, to a date to be fixed after consideration of the matter by shareholders. All details will be contained in a Notice of Meeting to be lodged in August 2011.
HANNANS INVESTMENT MANAGEMENT
At the end of the Q the equity and convertible loan portfolio was worth approximately $28.7M and the cash at bank $0.7M. No material purchases or sales of listed or unlisted equities took place during the Q. The equity portfolio will be sold down as and when required to fund exploration and working capital.
CORPORATE BOARD SERVICES (CBS)
The CBS Team lodged its first IPO during the Q.
More...July 20, 2011
Forrestania Project - Nickel & Iron Exploration Update
NICKEL TARGETS
- Drilling continues at Lucy Rocks prospect
- Drilling method changed over from Aircore to RC percussion
- 23 Aircore and 5 RC holes drilled to date
- Current program due for completion by end of July
- Drilling to commence in August at Stormbreaker West prospect
- A total of 10 RC percussion holes for ~2,500 metres
- Final approvals have been received for the drilling program
IRON TARGETS
- Iron mineralisation confirmed and extended at Stormbreaker prospect
- Drilling planned to commence in November
- A total of 30 RC percussion holes for ~3,000 metres planned
- Approvals process already well advanced
- Additional Iron targets identified at Lucy Rocks & Skeleton Rocks
June 28, 2011
AMEC 2011 Presentation
June 17, 2011
The Gold Coast Resources Showcase 2011
View the presentation | Download
More...May 13, 2011
RIU Sydney Presentation
More...April 29, 2011
3rd Quarter Reports
More...April 3, 2011
Hannans Reward Ticks All of the Right Boxes
More...
February 7, 2011
Investor Presentation - February 2011
More...January 31, 2011
2nd Quarter Activities Report
More...January 24, 2011
BRR Interview - Forrestania Project Update
Click here for the interview with Hannans Reward Exploration Manager, Mr Don Huntly
Click here for more BRR interviews
January 20, 2011
Forrestania Project Update
- Government approvals received for next phase of reverse circulation (RC) drilling within Stormbreaker and Lucy Rocks Prospects
- Program to comprise 16 RC drill holes (for approximately 4,200m) – see attached map
- Drill holes will be targeting the results of recent focussed geological, geophysical and geochemical activities
- RC drilling at Stormbreaker to test nickel sulphide and gold targets
- RC drilling at Lucy Rocks to test a conceptual ultramafic target
- Drilling scheduled to commence 1 st week of February 2011
- New Stormbreaker tenements secured within prospective western ultramafic corridor
October 12, 2010
1st Quarter Activities Report
Forrestania Project
- Field reconnaissance activities at the Forrestania Project have identified BIF outcrop in a number of locations at the Beautiful Sunday West Prospect area (E77/1512). The extensive BIF outcrop has confirmed the presence of greenstone stratigraphy in the area and has also significantly increased the probability of identifying ultramafic lithologies in the area.
- A gravity survey has also been completed over the Beautiful Sunday West Prospect; the survey has helped to confirm the presence of greenstone lithologies west of the Beautiful Sunday Deposit (owned by Western Areas NL).
- Surface auger sampling has been completed over the western ultramafic within the Stormbreaker Prospect on tenements E77/1354, E77/1406, E77/1430, P77/3607, P77/3848 and P77/3849 for a total of 3,152 samples, assays results are pending.
- Wide spaced auger sampling has also been completed at the Stormbreaker North area (M77/693), assays results have been received. The data has been processed and has confirmed that the central ultramafic unit continues north on to tenement M77/693.
- Gold anomalism has been identified in historical RAB drilling north-west of the Forrestania Project-Skeleton Rocks Prospect, an Exploration License application (ELA77/1846) has been processed by the DMP.
Queen Victoria Rocks Project
- RC percussion drilling commenced at the Benari Prospect within the Queen Victoria Rocks Project area. A total of 6 holes have been completed for 1,478 metres. The drilling to date has intersected amphibolites, komatiitic and granitic lithologies. Assays have been received for three holes with no significant assays to report.
Lake Johnston Project
- Gravity surveys were completed over the Ernest and Hardcore prospect areas; the surveys have shown that the gold mineralisation at both prospects is associated with a steep gravity gradient. The gravity gradient is interpreted to represent a large scale structure.
August 2, 2010
BRR Interview - Update on Forrestania and Queen Victoria Rocks Projects
Click here for the interview with Hannans Reward Exploration Manager, Mr Don Huntly
Click here for more BRR interviews
July 29, 2010
4th Quarter Activities Report
Forrestania Project - Nickel and Gold
- A twelve hole reverse circulation (RC) drilling program has been completed for 2,446 metres at the Forrestania Project. Favourable ultramafic host rock lithologies have been confirmed from the drilling
- Surface TEM traverses have been completed over the central ultramafic corridor at Forrestania. The survey has generated TEM anomaly coincident with an historic soil anomaly (PAC_007)
- Ongoing RC percussion drilling at Forrestania expected to commence during the December quarter
Queen Victoria Rocks Project - Nickel
- Hannans auger sampling has been processed resulting in two priority anomalies being generated over the western ultramafic contact position (EMT5 prospect area) at Forrestania
- Three discrete moving loop electromagnetic (EM) anomalies have been identified from recently completed geophysical surveys at the Queen Victoria Rocks Project (Benari Prospect). The EM anomalies are coincident with helicopter borne VTEM anomalies and historical geochemical (nickel and copper) anomalies announced on 19 May 2010
- Reverse circulation drill testing of nickel sulphide targets at the Benari Prospect is being planned for the coming Quarter
Summary of Activities
Hannans exploration activities are aimed at identifying an economic nickel sulphide deposit (internal target) in excess of 30Kt of contained nickel metal (i.e. stand alone operation) characterised by high tenor (i.e. the percentage of pentlandite relative to pyrrhotite)nickel sulphides. The target model is characterised by a small 'foot print' generally 200m to 300m in strike extent and 5m to 20m width but with a very elongated (+1km) linear down-dip extent. This makes exploration for such an ore body with surface EM methods technically challenging, particularly more so in a conductive environment.
July 19, 2010
Forrestania Project Update
- A twelve hole reverse circulation (RC) drilling program has been completed for 2,446 metres.
- 1,114, auger samples,91soil samples, 12 rock chip samples, and 7 drill spoil samples were collected during the quarter.
- 19 line km’s of MLEM, and 2 line km’s of fixed loop TEM were completed during the quarter.
- Down-hole TEM has been completed on 10 holes.
- Drilling was targeting coincident VTEM and surface TEM anomalies which have been confirmed by the drilling to be conductive sedimentary units (BIF).
- Surface TEM traverses completed over the central ultramafic corridor has generated a TEM anomaly coincident with an historic soil anomaly PAC_007.
- Hannans auger sampling has been processed resulting in two priority anomalies being generated over the western ultramafic contact position (EMT5 Prospect).
- Geological interpretation of the Beautiful Sunday West (BSW) prospect has indicated that the stratigraphy, which is host to the Beautiful Sunday (disseminated) and Flying Fox (massive) deposits (both owned by Western Areas Ltd), is structurally repeated to the west and may extend into the Hannans tenements in this area.
July 20, 2010
Appointment of Exploration Manager
- Mr Don Huntly appointed Exploration Manager
- Mr Huntly’s background includes Chief Exploration Geologist for Xstrata Nickel Australasia (October 2008 – December 2009), District Exploration Manager for Jubilee Mines NL (February 2004 – October 2008) and Exploration Project Manager for Goldfields of South Africa
- Mr Huntly’s nickel experience will add significant value to Hannans’ nickel sulphide exploration projects at Forrestania, Lake Johnston and Queen Victoria Rocks
June 11, 2010
Forrestania Exploration Update
You are welcome to listen to an audio broadcast with Mr Damian Hicks, Managing Director titled "Forrestania Project Exploration Update" which provides insights to the following issues:
- Drill holes completed and how many more in the current program
- Other exploration activities in Forrestania
- Reason for delay in drilling program
- Future drilling program - Phase 2
- Finance at Hannans Reward
- Comments to the Rudd Government's super profit tax
To listen, please click here.
More...April 30, 2010
3rd Quarter Activities Report
Forrestania Project – Nickel & Gold
- Government approvals process delays RC drilling (originally scheduled to commence mid March 2010)
- All required approvals now received, drill pads and access pads cleared, drilling scheduled to commence early May
- Final processing & interpretation of helicopter borne VTEM survey produces additional electromagnetic (EM) anomalies at Stormbreaker*, Skeleton Rocks and Lucy Rocks Prospects
- Review of historical ground geophysical surveys identifies 5 new EM anomalies located within Stormbreaker Prospect Ground EM surveying of these 5 new EM anomalies produces 8 new RC drill targets
- Multiple tenement applications made
- Field reconnaissance of newly applied for tenements confirms the presence of prospective ultramafic stratigraphy
- Anomalous rock chip returns values including: 1055ppm Ni, 529ppm Cu, 1360ppm Cr and 35ppb Pt
Lake Johnston Project
- Review of historical ground geophysical surveys identifies 3 new EM anomalies
- Follow-up ground geophysical surveys to be completed during May
Queen Victoria Rocks Project
- Hannans/Vale joint venture comes to an end
- Hannans retains 100% of project and will review data before planning next phase of exploration
Jigalong Project
- 370 surface samples collected
Sunday Project
- Results pending from three diamond drill holes completed by joint venture partner
March 18, 2010
Highly Prospective New Ground Position Added at Stormbreaker Prospect
- Highly prospective new ground position secured by prospecting licence applications (100% Hannans) at the Stormbreaker Prospect
- Detailed review of geology geophysics and geochemistry has commenced
- Subject to grant of the tenements (estimated within three months) field work to test nickel targets will commence
January 31, 2010
2nd Quarter Activities Report
Forrestania Project
- Helicopter geophysical (VTEM) survey at Stormbreaker
- Prospect successfully completed with anomalies generated
- Ground geophysical surveys commenced to follow up VTEM anomalies
- Settlement completed of additional ground at Stormbreaker Prospect
- Applications made for large landholding (called Skeleton Rocks) adjoining northern boundary of Stormbreaker
- Flora and fauna survey completed
- Next phase of RC drilling planned for current Quarter
- Subsequent to end of Quarter, experienced nickel consultant joins Forrestania Project exploration team
Lake Johnston Project
- High grade gold returned from 1 metre intervals confirms prospectivity for narrow high grade gold mineralisation
Queen Victoria Rocks Project
- Joint venture partner Vale completed six holes (mix of RC and diamond) testing nickel targets
Sunday Project
- Joint venture partner Triton Gold completed three diamond drill holes testing gold targets
Jigalong Projects
- Acquisition of aeromagnetic data to assist with gold and base metals exploration
- Manganese sale process deferred through to current Quarter (i.e. 3rd Quarter)
Corporate
- Warwick Resources Ltd shares converted into Atlas Iron Ltd shares following completion of Scheme of Arrangement
- Annual General Meeting completed and all resolutions passed
- Subsequent to end of Quarter, Mr Jonathan Murray appointed as non-executive director
December 7, 2009
Detailed EM surveys commence at Forrestania Project
- Ground fixed-loop electromagnetic (FLTEM) surveys have commenced
- Ground surveys to refine the 13 priority helicopter-borne anomalies (VTEM) recently indentified
- EM anomalies commence 7km north of Flying Fox nickel sulphide mine and continue over 14km strike length
November 26, 2009
Multiple EM anomalies identified at Forrestania Project
- Heli-borne geophysics (VTEM) has identified multiple, well defined and well located EM anomalies within the Forrestania Project
- Majority of the EM anomalies are located within the newly acquired Stormbreaker ground position (refer ASX release of 25 November 2009)
- Anomalies occur over an aggregate strike length of 14km
- Southern-most anomaly is located 7km along strike of the Flying Fox nickel mine
- Newly developed heli-borne geophysics (ZTEM) looking for deeper EM targets currently in progress
- Ground-based geophysics scheduled to commence at the completion of the ZTEM survey to generate drill ready targets
November 24, 2009
Hannans Secures prospective ground at Forrestania Project
- Forrestania Agreement with St Barbara Ltd and Kagara Ltd varied to provide Hannans with 100% interest in nickel rights - up from 85% - in return for Hannans assuming Kagara royalty and nickel treatment obligations.
- 100% ownership of nickel rights provides Hannans with various options to accelerate exploration activities over consolidated Forrestania project.
October 29, 2009
Forrestania Nickel & Gold Project Update
- Systematic approach to exploration strategy being undertaken over increasingly large Forrestania package
- New 100% Hannans tenement applications increase tenement package to 385km2 – refer tenement map attached
- Large regional helicopter-borne geophysical survey (VTEM and ZTEM) currently in progress
- Anomalous Nickel geochemistry identified from recent reverse circulation (RC) drilling
September 22, 2009
$5.5M Capital Raising Completed
- All recently announced capital raisings ($5.5 million total) now completed
- Tranche 2 Placement shares tradable from Tuesday, 22 September 2009
- Drilling for gold at Lake Johnston now completed, assays expected October
- Drilling for nickel at Forrestania in progress, assays expected October
- Drilling for nickel at Queen Victoria Rocks by joint venture partner Vale(www.vale.com) scheduled for early October
- Geophysical survey (VTEM) at Forrestania scheduled for early October
- Hannans in strong financial position with cash at bank in excess of $6 million and listed equities worth $13 million
September 14, 2009
General Meeting Presentation
General Meeting
14 September 2009
August 25, 2009
Gold Drilling at Lake Johnston Project
- Reverse circulation (RC) drilling has commenced at Hannans’ Lake Johnston gold project
- 25 RC holes for approximately 1,875 metres will be drilled to test a 2 kilometre long gold anomalous corridor that remains open at either end
- No drilling has ever occurred within the gold anomalous corridor currently being RC drill tested.
- Gold target based on anomalous gold results obtained by Hannans from soil sampling, lake sampling and rock chip sampling.
- Lake Johnston drilling is expected to be completed during September where after the rig will move to the Forrestania Project to test three geophysical targets prospective for nickel.
- Initial results from Lake Johnston are expected in October.
July 29, 2009
Hannans, Kagara, St Barbara Forrestania Agreement
- Hannans reaches conditional agreement with Kagara Ltd (ASX:KZL) and St Barbara Ltd (ASX:SBM) in relation to nickel & gold tenure at Forrestania
- Agreement provides Hannans with unencumbered 85% interest in highly prospective tenure within the world-class Forrestania nickel belt
- Tenure is considered to be underexplored and covers interpreted northern extension of western ultramafic that hosts high grade nickel mines and deposits including Flying Fox, Lounge Lizard & Spotted Quoll
- Ground position adjacent to Hannans’ existing Stormbreaker Project enables the first nickel and gold exploration program in more than 10 years to cover the full width of interpreted ultramafic
- Hannans to become controlling holder of northern extension of western ultramafic
April 30, 2009
3rd Quarter Activities Report
Jigalong Project-Manganese, Iron, Base Metals & Uranium
- Metallurgical test work on bulk surface manganese samples in progress
- New surface manganese prospect identified – Dead Camel Hill
- New possible channel iron-style mesa identified – Mesa 607 – assay 60% Fe
- Additional field reconnaissance of channel iron-style mesa to continue next week
Forrestania Project– Nickel Sulphides & Gold
- Approvals lodged to RC drill test geophysical targets – Stormbreaker
- Fixed loop geophysical survey completed – Beautiful Sunday West
- Auger soil sampling for gold in progress
Lake Johnston Project – Nickel Sulphides & Gold
- Auger sampling on Lake Johnston testing gold targets to commence in May
- 32 gold nuggets found on surface of Lake Johnston
- RC drilling planned for July to test onshore gold targets
- New tenement application increases strike length of prospective nickel ground
Queen Victoria Rock Project – Nickel Sulphides
- Vale farming-in to project
- Vale has reviewed Hannans existing data
- Field reconnaissance mapping has been completed
- Preparations made for completion of baseline environmental survey
Sunday Project– Gold
- AMF farming-in to project
- AMF to complete RC drill testing of gold targets in July
April 15, 2009
Shareholder update
- Takeover Bid
- Manganese & Iron
- Nickel
- Gold
April 22, 2008
Quarterly Report
RC drilling (8 holes) for gold at North Ironcap completed and preliminary results returned
More...January 31, 2008
Quarterly Report
Project area increased by 117km2 following application for additional tenement (100% Hannans) – refer attached location plan
Planning for 8 RC holes testing extensions of known gold mineralisation at North Ironcap in the 3rd Quarter completed
More...December 5, 2007
Forrestania Exploration Update
A reverse circulation (RC) drill rig is scheduled to return to the Forrestania Project in February 2008. The RC programme is being planned to test both nickel and gold targets
More...November 16, 2007
New Tenement Application At Forrestania
October 31, 2007
Quarterly Report
Results from the RAB drilling programme to test for northerly extensions to the known North Ironcap gold resources have been returned and indicate some potential for further gold mineralization within the ferruginous chert, which hosts the gold mineralization to the south. Reverse circulation (RC) drilling will be required to assess this target horizon further.
More...August 28, 2007
Exploration Update
RAB drilling has commenced to extend known gold mineralisation at North Ironcap
More...May 16, 2007
Exploration Update
The Company has recommenced gold exploration at Forrestania. Initially this comprises data review and field verification. It is anticipated that the first regional drill programme testing for gold mineralisation will commence early next Quarter.
More...May 4, 2007
New IP Anomalies Identified at Forrestania JV
January 15, 2007
Quarterly Report
Acquisition of 80% majority interest (up from 50%) in the Forrestania Project
IP survey planned for February to refine previously identified EM conductors at Stormbreaker North
EM surveys continuing this Quarter within Stormbreaker South
Exploration and / or resource drilling at North Ironcap, subject to government approvals
More...November 27, 2006
Hannans acquires 80% of Forrestania Project
Hannans Reward (ASX:HNR) has increased its interest in the strategically important Forrestania Joint Venture to 80%, following the acquisition of an additional 30% from Cullen Resources Ltd (ASX:CUL) for $250,000.
More...October 31, 2006
Forrestania Joint Venture Update
Further exploration for gold and base metals is planned at the Forrestania Joint Venture although no significant assay results were returned from the recently completed reverse circulation drill program.
More...October 11, 2006
Quarterly Report
Initial RC drill testing of EM targets completed, results pending
First drill programme at North Ironcap (gold) planned for 3rd Quarter
More...September 15, 2006
Drilling commences to test EM targets
August 24, 2006
Third EM conductor at Forrestania
The Forrestania Joint Venture (Hannans Reward 50% and Cullen Resources 50%) has recently completed a second ground geophysical (EM) survey at the Stormbreaker Prospect and has identified a third EM conductor.
More...July 11, 2006
Quarterly Report
Stormbreaker – identification of two separate, deep, late time ground geophysical anomalies which may indicate the presence of sulphides at depth; drill testing planned for August
Other – The Joint Venture recently made an application for a new exploration licence between the Stormbreaker and North Ironcap prospects, that will, subject to grant, extend and consolidate the Joint Venture's tenement package in the region (see Figure) to cover ~22km of highly prospective stratigraphy
More...April 20, 2006
3rd Quarter Activities Report
Forrestania (near Hyden, WA): acquisition of significant nickel and gold project
More...April 7, 2006
HNR completes purchase of Forrestania assets
