Future Battery Minerals (ASX:FBM) Identifies Key Gold Targets and Expands WA Landholdings
Key Gold Targets Identified at Kal North
Future Battery Minerals Ltd (ASX:FBM) has conducted a preliminary evaluation of the Kal North tenement, highlighting significant gold discovery potential. Detailed analysis of airborne magnetic geophysics data revealed bedrock structures, including faults and alteration zones, coinciding with historic surface gold anomalies. Four key target areas, each up to 1.6 km long, have been identified. The Heritage Protection Agreement (HPA) for Kal North is under negotiation, with tenure grant expected upon HPA completion. Planned exploration activities include infill surface geochemical sampling and initial air core drilling post-tenure grant.
Expansion of WA Goldfields Landholdings
FBM has expanded its regional landholdings by applying for new tenements at Burbanks East and Nepean South in the WA Goldfields, targeting gold and lithium mineralisation. Historic soil sampling at Burbanks East identified numerous zones of anomalous gold, with magnetic geophysical data evaluation nearing completion. These additions bolster FBM’s position in a world-class geological region, enhancing prospects for future exploration successes.
Low-Cost Value Preservation at Coolgardie Lithium Projects
The Miriam Program of Works received approval for a Phase 1 drilling program, set to commence when broader lithium market conditions strengthen. At Kangaroo Hills, a Program of Works is in place for future drilling targeting high-grade discoveries. FBM is advancing Mining Lease applications for KHLP towards approval, ensuring ongoing value preservation of its lithium projects.
Corporate and Business Development
FBM is actively evaluating regional consolidation opportunities, strategic partnerships, and potential acquisitions to enrich its business development pipeline. With a robust cash balance of A$7.4 million and zero debt as of March 2025, the company is well-funded for planned exploration activities through 2025 and beyond.
Executive Comments
FBM’s Managing Director, Nicholas Rathjen, stated, “Our regional footprint in the world-class Goldfields region continues to grow with new provincial gold and lithium opportunities with potential for meaningful discoveries awaiting more detailed exploration.”
“Detailed evaluation of historical data and initial preliminary groundwork investigations have been completed across the further tenement applications we lodged in August 2024. This work has confirmed excellent gold discovery potential at Kal North across four key target areas, all greater than 1.6km long. With no historical gold targeted drilling on this tenure, Kal North presents a compelling gold exploration opportunity. An infill geochemical surface sampling programme has been designed to progress these four targets to a drill-ready state.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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