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Forrestania Resources Reports Updated Mineral Resource Estimate for Tycho Deposit in Western Australia

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-- Forrestania Resources (ASX:FRS) disclosed an updated mineral resource estimate (MRE) for the Tycho Deposit at its Coolgardie Gold Hub in Western Australia, according to a Monday Australian bourse filing.

The updated MRE showed 1.4 million tonnes at about 1 gram per tonne (g/t) gold for 45,500 ounces at a 0.5 g/t gold cut-off, per the filing.

The measured component stood at 540,000 tonnes at about 1 g/t gold for 17,100 ounces, representing 38% of the total, while the indicated component of 871,500 tonnes at about 1 g/t gold for 24,800 ounces represents 55%, with measured and indicated categories together accounting for 93% of the total MRE.

The Tycho Deposit is part of the MacPhersons Reward Project, the filing said.

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