Asian Battery Metals PLC
Key Highlights:
- Phase 3 drilling follows up on AZ9's outstanding 2024 discovery.
- Fully funded program supported by $3.969M raised via an equity placement.
- Diamond drilling campaign will test high-priority DHEM conductive plates, deeper gravity anomalies, and step-out extensions.
- Aims to expand high-grade mineralisation and define the structural controls of the Oval Cu-Ni-PGE system.
- Initial assay results expected in May 2025, with metallurgical test work ongoing.
- Approvals secured for expanded exploration in 2025, including the newly discovered Copper Ridge Cu-Au prospect.
Managing Director, Gan-Ochir Zunduisuren, commented: "We are excited to launch Phase 3 drilling at Oval, building on last year's exceptional results. With a fully funded program and a strategic focus on deeper extensions and new targets, we are progressing towards unlocking the full potential of the Oval Cu-Ni-PGE discovery. Pending the results of this phase, we aim to expand the program further later this year."
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