-- 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.