Asian Battery Metals PLC (ASX: AZ9) is pleased to announce that fieldwork has commenced for the 2025 regional exploration program at its 100% owned Yambat Project in southwestern Mongolia.
The program will test multiple copper-gold and copper-nickel areas outside the Company's flagship Oval Cu-Ni-PGE discovery. Initial drilling is planned at the MS1, and MS2 prospects, each representing large-scale, previously undrilled, magmatic copper and nickel targets, and at the Copper Ridge Cu-Au prospect.
Importantly, the Company remains fully funded, enabling AZ9 to execute its regional exploration program despite tightening conditions across the junior resources sector.
HIGHLIGHTS:
- Regional fieldwork underway across the Yambat tenement.
- Drilling to commence in Q2 2025 at three high-priority prospects: Copper Ridge, MS1 and MS2.
- Copper Ridge Cu-Au target area to be tested with two diamond drillholes (totalling ~400m).
- MS1 and MS2 to be tested with scout diamond drillholes targeting strong chargeability anomalies.
- Gradient Array IP Survey planned at CR Far East to define additional future drill targets.
The company's Managing Director, Gan-Ochir Zunduisuren commented: "While our primary focus remains the ongoing Phase 3 drilling at our Oval Cu-Ni-PGE discovery, we're excited to begin testing several large-scale regional target areas across the Yambat Project.
This regional program will test a series of compelling copper and nickel targets. We are confident this work will help build a pipeline of opportunities that can complement our existing discovery at Oval. The drilling at Oval is progressing very well and we are planning to provide a separate update to the market shortly".
Next Steps and further updates
- Commence drilling at Copper Ridge, MS1 and MS2 (April - May 2025)
- Complete Gracient Array IP Survey at CR Far East (May 2025)
- Assay results expected from mid-Q2 2025 onwards
About us:
About Asian Battery Metals PLC
Asian Battery Metals PLC is a mineral exploration and development company focused on advancing the 100% owned Yambat (Oval Cu-Ni-PGE, Copper Ridge Cu-Au), Khukh Tag Graphite and Tsagaan Ders Lithium projects in Mongolia.
About Oval Cu-Ni (Yambat project) discovery
The project is situated approximately 30 km from Altai City, 1,300 km from Ulaanbaatar, the capital of Mongolia, and 280km by road from the nearest border port “Burgastai” to China. The tenement covers a total area of 10,606.77 hectares.
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Contact details:
Financial & Corporate Relations (FCR):
Robert Williams / Maggie Au
[email protected] / [email protected]
+61 (0) 477 666 255 / +61 (0) 461 410 368