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.
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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.