Asian Battery Metals (ASX: AZ9) has reported promising early-stage results from regional scout drilling at its Yambat Project in Mongolia, further supporting the potential for a district-scale copper-nickel system.
Key Highlights:
A new ultramafic–gabbroic intrusion with weak sulphide mineralisation has been intersected at MS1, located 6km southeast of the company's Oval Cu-Ni discovery. A conductive plate identified via downhole EM points to potential lateral and deeper mineralised zones.
Drilling at MS2 encountered gabbroic rock visually comparable to un-mineralised zones at Oval, suggesting a structural linkage and potential for mineralisation.
The SAMSON ground-based EM survey, currently underway at Oval, will be extended to include MS1 to refine targets and guide follow-up drilling.
Asian Battery Metals Managing Director Gan-Ochir Zunduisuren said: "These new regional targets could represent a parallel mineralised trend to Oval, offering multiple potential pipelines for discovery. We will continue EM surveys and plan follow-up drilling to unlock the potential of these targets."
The update follows recent high-grade assay results from the Oval discovery and comes ahead of several key near-term catalysts, including:
Remaining assays from Phase 3 drilling, due later this month
First metallurgical test results, expected in July/August
Further geophysical surveys at MS1 and MS2 to refine deeper targets
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.
