Forrestania Resources (ASX:FRS) Managing Director and CEO Dr Michael Anderson has agreed to step down from both positions which had immediate effect from 23 November 2023.
John Hannaford, the company’s Chairman, will act as interim CEO until a suitable appointment is made. Anderson will assist with an orderly handover.
Hannaford is an experienced corporate executive with extensive experience in the ASX resources sector. He has served as Non-Executive Chairman of Forrestania since the company listed on ASX in September 2021.
Commenting on the board changes, Hannaford says Anderson has been tireless in his efforts raising the company’s profile and overseeing several important drilling campaigns at the flagship Forrestania Lithium Project in Western Australia.
“This exploration activity has laid the foundation for what the Company believes to be significant potential to uncover new lithium discoveries at Forrestania. Our exploration focus now moves to the company’s emerging Eastern Goldfields lithium and copper project in the near term, where fieldwork continues and drilling is planned in the coming quarter.”
Forrestania also reports the appointment of experienced corporate executive Scott Patrizi as a Non-Executive Director. Patrizi is a Corporate Director with strong equity capital markets and project acquisition experience. He holds a Bachelor of Commerce from the University of Western Australia.
Forrestania Resources is an exploration company searching for lithium, gold, and nickel in the Forrestania, Southern Cross, and Eastern Goldfields regions of Western Australia. The company is also exploring for lithium in the James Bay region of Quebec, Canada.
The Forrestania Project is prospective for lithium, gold, and nickel. The Southern Cross Project is prospective for gold and lithium and the Eastern Goldfields project is prospective for gold, lithium, rare earth elements and copper.
The flagship Forrestania Project is situated in the well-endowed southern Forrestania Greenstone Belt, with a tenement footprint spanning some 100km, north to south of variously metamorphosed mafic, ultramafic / volcano-sedimentary rocks, host to the Mt Holland lithium mine, the historic 1Moz Bounty gold deposit and the operating Flying Fox, and Spotted Quoll nickel mines.
Write to Adam Orlando at Mining.com.au