Asian Battery Metals (ASX: AZ9) has released its March 2025 Quarterly Activities Report, outlining strong operational momentum at the Yambat copper-nickel-PGE Project in Mongolia and a well-funded path forward for expanded exploration in 2025.
March Quarter Highlights:
- Completed an oversubscribed capital raise of A$3.96M – AZ9 remains fully funded to execute its expanded 2025 exploration program
- Commenced Phase 3 drilling at the high-grade Oval Cu-Ni-PGE Discovery, targeting deeper and along-strike extensions following 2024's standout intercepts
- Secured all required government approvals and licence renewals, providing operational certainty through to 2028
June Quarter Outlook:
Oval Cu-Ni-PGE Discovery
- Completion of Phase 3 drilling targeting DHEM conductors and deeper gravity anomalies
- Initial assay results expected in May 2025
- Launch of SAMSON FLEM ground survey (May/June) to generate new targets
- Progress metallurgical flotation test work on Oval samples at ALS Metallurgy, with program completion expected mid-July
Regional Exploration
- Commencement of scout drilling at regional targets (Copper Ridge Cu-Au, MS1, MS2)
- Initial assay results expected by June 2025
- Completion of Gradient Array IP survey at CR Far East
Asian Battery Metals is advancing a portfolio of high-impact targets across the Yambat Project and remains on track to deliver a strong pipeline of exploration news in the June Quarter.
Read the full ASX announcement here.
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.
