Asian Battery Metals PLC (ASX: AZ9) reported further progress from its ongoing Phase 3 drilling program at its highly prospective Oval Cu-Ni discovery, part of the Yambat Project in Mongolia.
Key Highlights:
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Drillhole OVD036 intercepted massive sulphides 130m down-dip from OVD025, extending mineralisation at North Oval.
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OVD040 intercepted 6.9m of massive sulphide from a shallow 95.5m depth, suggesting strong continuity along a potential 800m mineralised corridor.
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Shallow gabbroic rocks identified in OVD038 and OVD039 could link North Oval and Oval zones.
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The deep-penetrating Samson EM survey mobilises this month to refine drill targets.
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The Company remains well-funded with low drilling costs in Mongolia and is planning the next drill phase based on upcoming assay and EM survey results.
Commenting on the exploration result, Gan-Ochir Zunduisuren, Managing Director of Asian Battery Metals PLC, said: “The latest drill results suggest a potential of 800 m long zone of shallow mineralisation from North Oval through to Oval, with more massive sulphides intercepted in OVD036 and OVD040.
The assays from drilling are pending, and the Samson EM survey will start shortly. As our exploration continues, we have expanded our mineralisation footprint, identified a depth extension, and added new targets at the project.
Results from regional scout drilling will be announced to the market shortly.”
Next Steps
- First assay results from Phase 3 drilling are expected shortly.
- The ground-based deep penetrating SAMSON EM survey will begin this month to refine and identify new targets.
- Planning for next drilling steps at the Oval discovery and regional targets is underway.
About us:
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.
For more information and to register for investor updates, please visit www.asianbatterymetals.com.
Contact details:
Financial & Corporate Relations (FCR):
Robert Williams / Maggie Au
[email protected] / [email protected]
+61 (0) 477 666 255 / +61 (0) 461 410 368
