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ORE RESOURCES LIMITED — Capital/Financing Update 2025
May 26, 2025
65504_rns_2025-05-26_bb440875-afaa-4cd1-9957-0b7088b10115.pdf
Capital/Financing Update
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27 May 2025
ASX ANNOUNCEMENT
KEY GOLD PROSPECTS IDENTIFIED AT MIRIAM
Highlights
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Historical drilling data review completed on recently consolidated Miriam Project, following FBM’s acquisition of the gold and base metal rights (plus residual lithium rights).
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Review highlights consistent and continuous gold mineralisation previously intersected over a strike of more than 600m at the Forrest prospect.
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Drilling at Forrest has intercepted shallow gold believed to be regolith and fresh rock hosted; significant intercepts include:
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12m @ 2.09g/t from Au from 60m (MRC97-15)
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10m @ 2.51g/t from Au from 30m (FGA002)
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10m @ 2.09 g/t Au from 30m and 4m @ 4.86 g/t Au from 73m (MRC97-5)
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5m @ 7.35 g/t Au from 70m (MRC97-25)
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8m @ 1.63 g/t Au from 28m (MRC97-17)
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9m @ 1.07 g/t Au from 51m (MRC97-12)
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The gold mineralisation at Forrest remains open at depth and to the north-east and southwest; these zones represent priority targets for initial follow-up Miriam drilling.
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Two further gold occurrences also identified at Forrest South (16m @ 0.94g/t Au from 44m) and Jungle (4m @ 3.37g/t Au from 97m).
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Litho-geophysics and geochemistry review on Miriam in progress.
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Initial drill program at Miriam set to commence in July 2025, with RC drilling to be focussed on prospective gold targets (including Forrest).
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Fully permitted to conduct planned exploration and drilling activities at the Miriam Project.
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FBM well-funded to undertake all planned exploration activities through 2025 and beyond with a strong cash balance of A$7.4 million and zero debt (as at 31 March 2025).
Future Battery Minerals Ltd ( ASX: FBM ) ( FBM or the Company ) is pleased to advise that it has completed its review of available historical geological and drilling data for its recently consolidated and now 100%-owned Miriam Project, which is located in the W.A. Goldfields region of Western Australia.
FBM Managing Director and CEO, Nick Rathjen, commented:
“The results of this initial gold-focussed geological and drill data review of Miriam are highly encouraging. We now plan to overlay these identified zones with the outcomes from the geophysical and geochemical data review currently in progress. This process will allow us to refine our initial pipeline of key gold targets, in preparation for targeted maiden drilling of these targets commencing in July.
“We are excited to be approaching our first drilling program at Miriam. The project is an undeniably attractive exploration opportunity, offering structurally controlled gold prospectivity (along with lithium opportunity) matched with multiple potential commercialisation pathways given its proximity to established process facilities for both gold and lithium.”
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ASX: FBM
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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Miriam prospectivity overview
The Miriam Project tenure covers a region of the Coolgardie Greenstone Belt overlying a suite of mafic and ultramafic units along with felsic intrusives. Miriam also overlies formations and structural trends that host multiple nearby gold deposits, including Horizon Minerals’ Burbanks (466 koz @ 2.4 g/t Au), Beacon Minerals’ McPhersons Reward (132 koz @ 1.2 g/t Au) and Focus Minerals’ Coolgardie Operations (2.7 Moz @ 1.8 g/t Au).[1]
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Figure 1: Regional Map – Coolgardie Gold & Lithium Projects (W.A. Goldfields)
Evidence of historic artisanal mining is readily apparent within and outlying the Miriam Project tenure from when the region was subject to intense gold prospecting following initial discovery in the 1890’s. It was within these historic shafts and workings where spodumene bearing pegmatites were first observed in 2022.
While modern exploration is limited within the Miriam Project tenure area, multiple gold occurrences have been recorded and are available on the Mines and Mineral Deposits Public Database (MINEDEX), provided by the Department of Mines and Industry Regulation and Safety (DEMIRS). Multiple prospective gold occurrences were previously identified within the Miriam Project tenure including Forest, Goroke and Burbanks Monarch.
1 Bullabulling refer to Minerals 260 ASX Announcement dated 14th January 2025, MacPhersons refer to Beacon Minerals ASX Announcement dated 6[th] November 2024, Three Mile Hill refer to Focus Minerals ASX Announcement dated 1[st] December 2023. Refer to Horizon Minerals Reserves & Resources
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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Any future gold discoveries at the Miriam Project will benefit from exceptional commercialisation optionality with several operating gold mills in close proximity to the area. The Burbanks Mine, which is located only 1 km north of the Miriam Project tenure, contains a mill and processing plant owned by Auric Mining. The Greenfields Mill, owned and operated by FMR Investments, and the Three Mile Hill Mill, owned and operated by Focus Minerals, are approximately 16 kilometres by a sealed road to the north-east.
Key gold prospects identified from review of historical drilling results
Following its recent ownership consolidation, FBM has completed a geology and drilling data review of the Miriam Project. This review included the collation of all historical drill hole data for the tenure and validation of assay methods to better understand the reported gold occurrences in the area.
While the region was subjected to artisanal mining and prospecting following discovery in the 1890’s, the review highlighted that no drilling had occurred since the early 2000’s. Previous drilling also appears to have been relatively limited to the Forrest prospect (gold) and the Miriam prospect (nickel), also noting that many of the holes drilled at the Miriam prospect were not assayed for gold.
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Figure 2: Miriam Project Plan View with Historical Gold Intercepts Marked
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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Forrest prospect
At Forrest, drilling during the late 1990’s discovered and intersected multiple flat lying lodes of gold mineralisation within regolith and bed rock. Mineralisation is consistent over a strike length greater than 600m highlighting near surface intersections. Significant intersections returned from this drilling included:
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12m @ 2.09g/t from Au from 60m (MRC97-15)
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10m @ 2.51g/t from Au from 30m (FGA002)
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10m @ 2.09 g/t Au from 30m and 4m @ 4.86 g/t Au from 73m (MRC97-5)
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5m @ 7.35 g/t Au from 70m (MRC97-25)
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8m @ 1.63 g/t Au from 28m (MRC97-17)
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9m @ 1.07 g/t Au from 51m (MRC97-12)
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Figure 3: Forrest Prospect Plan View
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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Drilling was conducted on 40m x 60m grid with many holes only testing down to a planned depth of 80m. Extensional air core drilling completed in the early 2000’s also only reached depths of approximately 60m on average.
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Figure 4: Cros Section 1 – Line 6562955
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Figure 5: Cros Section 2 – Line 6563000
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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Geological logs collected have limited recorded details making it difficult to determine key information such as depth of oxidation or rock textures and structures.
FBM has identified multiple areas where the Forrest system may remain open, particularly to the North East and South West. These zones are planned to be tested as part of its maiden Miriam drilling programme. This programme is also planned to provide confirmation on previous intercepts, including delivering key geological information required for a potential Mineral Resource estimate.
Forrest South and Jungle prospects
Wide spaced drilling conducted to the south of Forrest has also intercepted two additional prospective zones known as Forrest South and Jungle. The intercepts remain open and further drilling is required to understand the potential scale of mineralisation, however these prospects represents opportunities for further growth. Key intercepts include;
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16m @ 0.93g/t Au from 44m (LDC7) Forrest South
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4m @ 3.77g/t Au from 94m (FGC001) Jungle
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10m @ 0.62g/t from 30m (DPR022) Jungle
Goroke and Burbanks Monarch prospects
FBM has also investigated other regional occurrences such as Goroke (5m @ 2.3 g/t Au from surface and 12m @ 1.04g/t from 15m) and Burbanks Monarch (10m @ 0.9 g/t Au from 30m). Only limited drilling has tested these occurrences and more work is required to better evaluate their potential. Key intercepts from Goroke and Burbanks Monarch Include;
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5m @ 2.3 g/t Au from surface (MID014) Goroke
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12m @ 1.04g/t Au from 15m (FGA059) Goroke
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5m @ 1.94g/t Au from 25m (FGA073) Burbanks Monarch
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10m @ 0.90g/t from 30m (FGA050) Burbanks Monarch
Other prospect zones
Burbanks Grand Junction in the north FBM located historic drilling data, with further confirmation work required to evaluate this prospect.
To the south of the Forrest and Forrest South prospects, there is limited recorded recent drilling and gold assay data. FBM plans to evaluate this area through surface geochemistry and geophysical interpretation.
Initial Miriam drilling programme set to commence in July
FBM is fully permitted to conduct exploration and drilling activities over the Miriam Project tenure, with an approved Conservation Management Plan and granted drilling Program of Work ( PoW ) currently in place. Most of the Miriam tenure has already been surveyed by the relevant Native Title Party representative, meaning FBM can rapidly advance towards drill testing of any priority drill targets.
A litho-geophysical and geochemical review of the Miriam Project has commenced in order to better define the key structural gold targets that have been identified. Following this work, an initial RC drill programme designed to test these prospective gold targets is planned to commence in July 2025.
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[email protected] ASX: FBM +61 8 6383 7817 futurebatteryminerals.com.au Follow Us
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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This announcement has been authorised for release by the Board of Directors of the Company.
-END-
| For further information visitwww.futurebatteryminerals.com or contact: | For further information visitwww.futurebatteryminerals.com or contact: |
|---|---|
| Nicholas Rathjen | Robin Cox |
| CEO & Managing Director | Technical Director |
| E: [email protected] | E: [email protected] |
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Future Battery Minerals Limited’s planned exploration programme and other statements that are not historical facts. When used in this document, the words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may”, “potential”, “should,” and similar expressions are forward-looking statements. Although Future Battery Minerals Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.
Previously Reported Results
The information in this announcement that relates to Exploration Results is extracted from the ASX announcements (Original Announcements), as referenced, which are available at www.futurebatteryminerals.com.au. FBM confirms that it is not aware of any new information or data that materially affects the information included in the Original Announcements and, that all material assumptions and technical parameters underpinning the estimates in the Original Announcements continue to apply and have not materially changed. FBM confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original announcement.
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[email protected] ASX: FBM +61 8 6383 7817 futurebatteryminerals.com.au Follow Us
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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About Future Battery Minerals (ASX: FBM)
THE BUSINESS: Gold and lithium exploration and development
Future Battery Minerals (ASX: FBM) is an exploration and development company focused on rapidly advancing its world-class gold and lithium projects in the Eastern Goldfields of Western Australia.
THE LOCATION: Infrastructure-rich project setting
The Eastern W.A. Goldfields is an outstanding location in which to explore for, build, and operate gold and lithium mines. It is a longestablished mining province with all the accompanying benefits, including all-year land access, skilled labour, mining services and infrastructure.
We are positioned just 15km south of the mining hub of Coolgardie (via sealed road), approximately 370km to the port of Esperance and approximately 550km to Perth via road and rail. We are proximal to multiple gold and lithium mining and processing operations and development projects of substantial scale.
This available range of potential commercialisation options, including standalone development, positions us well to monetise current and future success.
THE TEAM: Proven value generators
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Our carefully assembled team has an extensive track record of exploration success, project stewardship, development expertise and operating excellence that has repeatedly resulted in the delivery of substantial shareholder value: Nick Rathjen (MD), Robin Cox (Technical Director), Nev Power (Chairman), Rob Waugh (NED).
THE CAPACITY: Balance sheet strength and runway
We are a business and team that is resolutely focussed on the stewardship of our shareholders’ capital and the astute application of this capital for maximal return. With a cash balance of A$7.4 million and zero debt (as at 31 March 2025), we are well-funded to undertake our planned exploration and evaluation work programs across our projects over the next 18-24 months.
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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Appendix 1 – Drill Hole Results
Table 1 – Drill Hole Significant Intercepts >0.1g/t (Intervals represented as down dole length)
| Hole Id | From | To | Interval | Au(g/t) |
|---|---|---|---|---|
| BMRC97-32 | 0 | 2 | 2 | 0.2 |
| BMRC97-32 | 36 | 37 | 1 | 0.15 |
| BMRC97-32 | 39 | 40 | 1 | 0.43 |
| BMRC97-33 | 54 | 55 | 1 | 0.3 |
| BMRC97-33 | 61 | 65 | 4 | 0.64 |
| BMRC97-33 | 74 | 75 | 1 | 0.16 |
| BMRC97-33 | 98 | 100 | 2 | 0.3 |
| BMRC97-34 | 7 | 8 | 1 | 0.28 |
| BMRC97-34 | 9 | 10 | 1 | 1.05 |
| BMRC97-35 | 20 | 25 | 5 | 0.15 |
| BMRC97-35 | 35 | 36 | 1 | 1.69 |
| BMRC97-35 | 85 | 86 | 1 | 1.23 |
| BMRC97-35 | 87 | 91 | 4 | 3.89 |
| BMRC97-35 | 92 | 95 | 3 | 0.18 |
| BMRC97-35 | 107 | 111 | 4 | 2.29 |
| BMRC97-36 | 40 | 42 | 2 | 0.14 |
| BMRC97-36 | 44 | 45 | 1 | 0.14 |
| BMRC97-36 | 53 | 59 | 6 | 0.79 |
| BMRC97-36 | 60 | 65 | 5 | 0.32 |
| BMRC97-36 | 70 | 75 | 5 | 0.13 |
| BMRC97-36 | 91 | 94 | 3 | 1.17 |
| DPR003 | 25 | 30 | 5 | 0.17 |
| DPR006 | 25 | 30 | 5 | 0.21 |
| DPR006 | 40 | 55 | 15 | 0.13 |
| DPR007 | 30 | 35 | 5 | 0.23 |
| DPR016 | 30 | 35 | 5 | 0.12 |
| DPR016 | 45 | 50 | 5 | 0.12 |
| DPR022 | 30 | 40 | 10 | 0.62 |
| DPR023 | 20 | 25 | 5 | 0.17 |
| DPR023 | 45 | 50 | 5 | 0.32 |
| DPR027 | 25 | 30 | 5 | 0.13 |
| DPR028 | 30 | 35 | 5 | 0.22 |
| DPR029 | 35 | 36 | 1 | 0.11 |
| DPR032 | 30 | 35 | 5 | 0.1 |
| DPR033 | 35 | 40 | 5 | 0.41 |
| DPR033 | 45 | 50 | 5 | 0.13 |
| DPR033 | 60 | 65 | 5 | 0.35 |
| DPR039 | 25 | 33 | 8 | 1.21 |
| DPR042 | 20 | 23 | 3 | 0.2 |
| DPR043 | 40 | 51 | 11 | 2.13 |
| DPR045 | 30 | 45 | 15 | 0.19 |
| DPR045 | 50 | 60 | 10 | 0.17 |
| DPR049 | 0 | 5 | 5 | 0.23 |
| DPR050 | 0 | 5 | 5 | 0.22 |
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[email protected] ASX: FBM +61 8 6383 7817 futurebatteryminerals.com.au Follow Us
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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| DPR052 | 25 | 30 | 5 | 0.14 |
|---|---|---|---|---|
| DPR052 | 35 | 40 | 5 | 0.5 |
| DVC005 | 41 | 43 | 2 | 0.86 |
| DVC005 | 58 | 59 | 1 | 0.19 |
| DVC005 | 62 | 63 | 1 | 0.29 |
| FGA002 | 30 | 40 | 10 | 2.51 |
| FGA003 | 45 | 50 | 5 | 0.14 |
| FGA004 | 30 | 35 | 5 | 1.01 |
| FGA006 | 35 | 40 | 5 | 0.19 |
| FGA008 | 45 | 50 | 5 | 0.1 |
| FGA009 | 30 | 35 | 5 | 0.33 |
| FGA009 | 45 | 50 | 5 | 0.19 |
| FGA010 | 25 | 30 | 5 | 0.25 |
| FGA010 | 35 | 50 | 15 | 0.54 |
| FGA011 | 45 | 50 | 5 | 0.7 |
| FGA011 | 60 | 63 | 3 | 0.12 |
| FGA015 | 65 | 69 | 4 | 0.1 |
| FGA020 | 40 | 55 | 15 | 0.39 |
| FGA021 | 35 | 55 | 20 | 0.74 |
| FGA025 | 25 | 36 | 11 | 0.26 |
| FGA032 | 45 | 50 | 5 | 0.14 |
| FGA037 | 20 | 35 | 15 | 0.47 |
| FGA043 | 35 | 44 | 9 | 0.18 |
| FGA050 | 30 | 40 | 10 | 0.9 |
| FGA050 | 50 | 55 | 5 | 0.12 |
| FGA050 | 70 | 76 | 6 | 0.26 |
| FGA058 | 25 | 30 | 5 | 0.3 |
| FGA059 | 0 | 5 | 5 | 0.13 |
| FGA059 | 15 | 27 | 12 | 1.04 |
| FGA064 | 0 | 5 | 5 | 0.58 |
| FGA069 | 35 | 39 | 4 | 0.43 |
| FGA073 | 0 | 5 | 5 | 0.11 |
| FGA073 | 25 | 30 | 5 | 1.95 |
| FGA073 | 35 | 70 | 35 | 0.29 |
| FGC001 | 40 | 55 | 15 | 0.39 |
| FGC001 | 65 | 70 | 5 | 0.11 |
| FGC001 | 90 | 91 | 1 | 0.12 |
| FGC001 | 94 | 98 | 4 | 3.77 |
| FGC003 | 44 | 47 | 3 | 4.27 |
| FGC003 | 48 | 49 | 1 | 0.16 |
| FGC003 | 50 | 51 | 1 | 0.68 |
| FGC004 | 45 | 55 | 10 | 0.25 |
| FGC004 | 60 | 75 | 15 | 0.31 |
| FGC004 | 80 | 85 | 5 | 0.18 |
| FGC006 | 60 | 65 | 5 | 0.49 |
| FGR001 | 20 | 30 | 10 | 0.19 |
| FGR001 | 40 | 45 | 5 | 0.16 |
| FGR003 | 35 | 40 | 5 | 0.12 |
| FGR006 | 35 | 40 | 5 | 0.13 |
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[email protected] ASX: FBM +61 8 6383 7817 futurebatteryminerals.com.au Follow Us
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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| FGR006 | 50 | 55 | 5 | 0.22 |
|---|---|---|---|---|
| FGR007 | 40 | 45 | 5 | 0.28 |
| LDC 7 | 44 | 60 | 16 | 0.93 |
| MID012 | 150 | 155 | 5 | 0.4 |
| MID012 | 165 | 170 | 5 | 0.19 |
| MID013 | 268.9 | 269.9 | 1 | 0.43 |
| MID014 | 0 | 5 | 5 | 2.31 |
| MID014 | 211.6 | 212.6 | 1 | 0.13 |
| MID014 | 214.6 | 215.6 | 1 | 0.12 |
| MRC96-3 | 188 | 191 | 3 | 0.2 |
| MRC97-1 | 38 | 40 | 2 | 0.82 |
| MRC97-1 | 43 | 48 | 5 | 0.97 |
| MRC97-1 | 56 | 60 | 4 | 0.14 |
| MRC97-11 | 12 | 13 | 1 | 1.41 |
| MRC97-11 | 14 | 15 | 1 | 0.14 |
| MRC97-11 | 36 | 39 | 3 | 0.43 |
| MRC97-12 | 34 | 37 | 3 | 0.39 |
| MRC97-12 | 39 | 40 | 1 | 0.18 |
| MRC97-12 | 46 | 50 | 4 | 0.22 |
| MRC97-12 | 51 | 60 | 9 | 1.07 |
| MRC97-13 | 36 | 39 | 3 | 0.28 |
| MRC97-13 | 48 | 51 | 3 | 0.26 |
| MRC97-13 | 56 | 60 | 4 | 0.16 |
| MRC97-14 | 61 | 62 | 1 | 0.37 |
| MRC97-14 | 63 | 75 | 12 | 0.2 |
| MRC97-14 | 76 | 80 | 4 | 0.38 |
| MRC97-15 | 42 | 44 | 2 | 0.9 |
| MRC97-15 | 60 | 72 | 12 | 2.09 |
| MRC97-15 | 74 | 80 | 6 | 0.94 |
| MRC97-16 | 45 | 49 | 4 | 0.1 |
| MRC97-16 | 72 | 74 | 2 | 0.48 |
| MRC97-16 | 75 | 77 | 2 | 0.12 |
| MRC97-17 | 28 | 36 | 8 | 1.63 |
| MRC97-17 | 37 | 38 | 1 | 0.17 |
| MRC97-17 | 39 | 43 | 4 | 0.57 |
| MRC97-17 | 52 | 53 | 1 | 1.3 |
| MRC97-17 | 54 | 59 | 5 | 0.41 |
| MRC97-17 | 60 | 76 | 16 | 0.23 |
| MRC97-18 | 44 | 50 | 6 | 1.31 |
| MRC97-18 | 52 | 53 | 1 | 1.03 |
| MRC97-18 | 57 | 62 | 5 | 0.4 |
| MRC97-18 | 68 | 80 | 12 | 0.95 |
| MRC97-19 | 0 | 4 | 4 | 0.11 |
| MRC97-19 | 24 | 28 | 4 | 0.11 |
| MRC97-19 | 36 | 42 | 6 | 0.28 |
| MRC97-19 | 43 | 47 | 4 | 0.43 |
| MRC97-2 | 33 | 35 | 2 | 0.32 |
| MRC97-2 | 40 | 44 | 4 | 0.11 |
| MRC97-2 | 53 | 60 | 7 | 0.48 |
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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| MRC97-2 | 76 | 80 | 4 | 0.11 |
|---|---|---|---|---|
| MRC97-20 | 8 | 10 | 2 | 2.06 |
| MRC97-21 | 40 | 44 | 4 | 0.11 |
| MRC97-21 | 45 | 52 | 7 | 0.25 |
| MRC97-21 | 72 | 84 | 12 | 0.53 |
| MRC97-22 | 43 | 44 | 1 | 0.2 |
| MRC97-22 | 45 | 46 | 1 | 0.23 |
| MRC97-22 | 47 | 49 | 2 | 0.35 |
| MRC97-22 | 50 | 56 | 6 | 0.51 |
| MRC97-22 | 58 | 66 | 8 | 2.91 |
| MRC97-22 | 68 | 75 | 7 | 0.5 |
| MRC97-23 | 20 | 26 | 6 | 0.62 |
| MRC97-23 | 32 | 34 | 2 | 0.34 |
| MRC97-23 | 35 | 36 | 1 | 0.14 |
| MRC97-23 | 44 | 45 | 1 | 0.24 |
| MRC97-24 | 56 | 60 | 4 | 0.15 |
| MRC97-25 | 45 | 48 | 3 | 0.31 |
| MRC97-25 | 58 | 64 | 6 | 1.04 |
| MRC97-25 | 70 | 73 | 3 | 12 |
| MRC97-25 | 74 | 76 | 2 | 0.4 |
| MRC97-25 | 85 | 86 | 1 | 0.58 |
| MRC97-25 | 90 | 91 | 1 | 1.2 |
| MRC97-26 | 30 | 32 | 2 | 0.63 |
| MRC97-26 | 34 | 35 | 1 | 0.16 |
| MRC97-26 | 37 | 38 | 1 | 0.36 |
| MRC97-26 | 42 | 45 | 3 | 0.8 |
| MRC97-26 | 46 | 48 | 2 | 0.15 |
| MRC97-26 | 60 | 61 | 1 | 0.34 |
| MRC97-26 | 62 | 67 | 5 | 0.25 |
| MRC97-26 | 68 | 71 | 3 | 0.45 |
| MRC97-26 | 72 | 92 | 20 | 0.65 |
| MRC97-26 | 95 | 96 | 1 | 0.48 |
| MRC97-26 | 97 | 100 | 3 | 0.87 |
| MRC97-27 | 28 | 32 | 4 | 0.11 |
| MRC97-27 | 48 | 51 | 3 | 1.41 |
| MRC97-27 | 52 | 64 | 12 | 0.51 |
| MRC97-27 | 66 | 67 | 1 | 1.02 |
| MRC97-28 | 36 | 40 | 4 | 0.11 |
| MRC97-28 | 60 | 63 | 3 | 0.1 |
| MRC97-28 | 64 | 65 | 1 | 0.15 |
| MRC97-29 | 80 | 84 | 4 | 0.14 |
| MRC97-3 | 47 | 50 | 3 | 0.23 |
| MRC97-31 | 20 | 44 | 24 | 0.44 |
| MRC97-31 | 48 | 52 | 4 | 0.1 |
| MRC97-31 | 60 | 68 | 8 | 0.4 |
| MRC97-31 | 96 | 97 | 1 | 0.26 |
| MRC97-4 | 40 | 44 | 4 | 0.1 |
| MRC97-5 | 24 | 27 | 3 | 0.15 |
| MRC97-5 | 28 | 29 | 1 | 0.18 |
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[email protected] ASX: FBM +61 8 6383 7817 futurebatteryminerals.com.au Follow Us
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
12
==> picture [130 x 32] intentionally omitted <==
| MRC97-5 | 30 | 40 | 10 | 2.09 |
|---|---|---|---|---|
| MRC97-5 | 43 | 44 | 1 | 0.19 |
| MRC97-5 | 46 | 54 | 8 | 0.37 |
| MRC97-5 | 55 | 58 | 3 | 0.29 |
| MRC97-5 | 59 | 60 | 1 | 0.41 |
| MRC97-5 | 73 | 75 | 2 | 9.53 |
| MRC97-5 | 76 | 77 | 1 | 0.38 |
Table 2 – Drill Hole Location Information (UTM MGA 94 Zone 51)
| Hole_id | **Hole_Type ** | Max_Depth | Easting | Northing | RL | Dip | Azi | Max Down Hole Au Assay (g/t) |
|---|---|---|---|---|---|---|---|---|
| LDC 1 | RC | 9 | 320217 | 6562557 | 400 | -90 | 0 | 0.004 |
| LDC 2 | RC | 34 | 320137 | 6562557 | 400 | -90 | 0 | 0.022 |
| LDC 3 | RC | 40 | 320057 | 6562557 | 400 | -90 | 0 | 0.005 |
| LDC 4 | RC | 71 | 319977 | 6562557 | 400 | -90 | 0 | 0.034 |
| LDC 5 | RC | 66 | 319897 | 6562557 | 400 | -90 | 0 | 0.035 |
| LDC 6 | RC | 48 | 319817 | 6562557 | 400 | -90 | 0 | 0.111 |
| LDC 7 | RC | 63 | 319737 | 6562557 | 400 | -90 | 0 | 2.518 |
| LDC 8 | RC | 65 | 319657 | 6562557 | 400 | -90 | 0 | 0.032 |
| LDC 9 | RC | 39 | 319577 | 6562557 | 400 | -90 | 0 | 0.014 |
| MRC96-1 | RC | 174 | 319036 | 6563072 | 416 | -60 | 278 | |
| MRC96-2 | RC | 238 | 319051 | 6563067 | 416 | -70 | 273 | |
| MRC96-3 | RC | 215 | 318935 | 6563165 | 420 | -70 | 100 | 0.31 |
| MRC96-4 | RC | 115.7 | 318922 | 6563132 | 418 | -60 | 100 | |
| MRC96-5 | RC | 160 | 319039 | 6563125 | 416 | -60 | 300 | |
| MRC97-1 | RC | 80 | 319807 | 6562957 | 416 | -60 | 270 | 1.57 |
| MRC97- 10 |
RC | 80 | 319657 | 6561057 | 403 | -60 | 270 | 0.03 |
| MRC97- 11 |
RC | 75 | 319787 | 6562857 | 413 | -60 | 270 | 1.41 |
| MRC97- 12 |
RC | 80 | 319767 | 6562907 | 414 | -60 | 270 | 5.1 |
| MRC97- 13 |
RC | 80 | 319807 | 6562907 | 415 | -60 | 270 | 0.5 |
| MRC97- 14 |
RC | 80 | 319847 | 6562907 | 416 | -60 | 270 | 0.88 |
| MRC97- 15 |
RC | 80 | 319787 | 6562957 | 415 | -60 | 270 | 10.5 |
| MRC97- 16 |
RC | 81 | 319807 | 6563007 | 416 | -60 | 270 | 0.51 |
| MRC97- 17 |
RC | 80 | 319847 | 6563007 | 418 | -60 | 270 | 3.61 |
| MRC97- 18 |
RC | 80 | 319867 | 6563057 | 418 | -60 | 270 | 3.08 |
| MRC97- 19 |
RC | 72 | 319767 | 6562807 | 411 | -60 | 270 | 0.97 |
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Future Battery Minerals Ltd [email protected] ASX: FBM Suite 10, 38 Colin St, West Perth WA 6005 +61 8 6383 7817 ABN 91 148 966 545 futurebatteryminerals.com.au Follow Us
13
==> picture [130 x 32] intentionally omitted <==
| MRC97-2 | RC | 80 | 319847 | 6562957 | 417 | -60 | 270 | 1.21 |
|---|---|---|---|---|---|---|---|---|
| MRC97- 20 |
RC | 80 | 319807 | 6562807 | 414 | -60 | 270 | 3.87 |
| MRC97- 21 |
RC | 112 | 319827 | 6562857 | 415 | -60 | 270 | 2.34 |
| MRC97- 22 |
RC | 84 | 319752 | 6562857 | 412 | -60 | 90 | 21.45 |
| MRC97- 23 |
RC | 72 | 319747 | 6562957 | 413 | -60 | 270 | 0.99 |
| MRC97- 24 |
RC | 76 | 319727 | 6562907 | 413 | -60 | 270 | 0.15 |
| MRC97- 25 |
RC | 102 | 319707 | 6562957 | 412 | -60 | 90 | 18.8 |
| MRC97- 26 |
RC | 100 | 319787 | 6563007 | 415 | -60 | 90 | 2.02 |
| MRC97- 27 |
RC | 75 | 319767 | 6563007 | 415 | -60 | 268 | 2.64 |
| MRC97- 28 |
RC | 114 | 318884 | 6563044 | 419 | -60 | 102 | 0.15 |
| MRC97- 29 |
RC | 160 | 318919 | 6563072 | 418 | -60 | 102 | 0.14 |
| MRC97-3 | RC | 80 | 319897 | 6562957 | 419 | -60 | 270 | 0.33 |
| MRC97- 30 |
RC | 127 | 318931 | 6563113 | 418 | -60 | 102 | 0.03 |
| MRC97- 31 |
RC | 114 | 319827 | 6563057 | 418 | -60 | 270 | 0.94 |
| MRC97- 32 |
RC | 101 | 319647 | 6564757 | 433 | -60 | 85 | 0.03 |
| MRC97- 33 |
RC | 102 | 319597 | 6564858 | 434 | -60 | 87 | 0.05 |
| MRC97-4 | RC | 100 | 319937 | 6562957 | 420 | -60 | 270 | 0.1 |
| MRC97-5 | RC | 80 | 319807 | 6562857 | 414 | -60 | 270 | 18.24 |
| MRC97-6 | RC | 80 | 319847 | 6562857 | 416 | -60 | 270 | 0.08 |
| MRC97-7 | RC | 80 | 319887 | 6562857 | 416 | -60 | 270 | 0.02 |
| MRC97-8 | RC | 80 | 319777 | 6561557 | 412 | -60 | 270 | |
| MRC97-9 | RC | 80 | 319617 | 6561057 | 403 | -60 | 270 | |
| BMRC97- 32 |
RC | 90 | 319868 | 6562887 | 413 | -60 | 270 | 0.43 |
| BMRC97- 33 |
RC | 110 | 319832 | 6562896 | 413 | -60 | 270 | 1.77 |
| BMRC97- 34 |
RC | 123 | 319797 | 6562888 | 413 | -60 | 270 | 1.05 |
| BMRC97- 35 |
RC | 125 | 319799 | 6562935 | 413 | -60 | 270 | 10.1 |
| BMRC97- 36 |
RC | 110 | 319833 | 6562936 | 413 | -60 | 270 | 2.69 |
| BMRC97- 37 |
RC | 90 | 319868 | 6562932 | 413 | -60 | 270 | -0.01 |
| MID008 | DDH | 300.9 | 318926 | 6563317 | 412.09 | -55 | 90 |
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ASX: FBM
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
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==> picture [130 x 32] intentionally omitted <==
| MID010 | DDH | 396.7 | 318747 | 6562897 | 413.3 | -52 | 90 | |
|---|---|---|---|---|---|---|---|---|
| MID011 | DDH | 355 | 318894 | 6563577 | 416.61 | -52 | 90 | |
| MID012 | DDH | 549.3 | 319336 | 6562607 | 405.05 | -60.21 | 268.99 | 0.4 |
| MID013 | DDH | 467.7 | 319154 | 6562897 | 408.5 | -60.52 | 272.15 | 0.43 |
| MID014 | DDH | 297.5 | 319390 | 6563807 | 408.71 | -59.63 | 284.97 | 2.31 |
| MID015 | RC | 300 | 319299 | 6562763 | 405.32 | -59.6 | 279.59 | 0.03 |
| DPR001 | RAB | 39 | 319950 | 6562000 | 404 | -90 | 0 | 0.019 |
| DPR002 | RAB | 43 | 319900 | 6562000 | 405 | -90 | 0 | 0.009 |
| DPR003 | RAB | 55 | 319850 | 6562000 | 407 | -90 | 0 | 0.173 |
| DPR004 | RAB | 63 | 319800 | 6562000 | 408 | -90 | 0 | 0.032 |
| DPR005 | RAB | 55 | 319750 | 6562000 | 409 | -90 | 0 | 0.052 |
| DPR006 | RAB | 58 | 319700 | 6562000 | 411 | -90 | 0 | 0.212 |
| DPR007 | RAB | 36 | 319650 | 6562000 | 412 | -90 | 0 | 0.227 |
| DPR008 | RAB | 42 | 319600 | 6562000 | 413 | -90 | 0 | 0.026 |
| DPR009 | RAB | 45 | 319550 | 6562000 | 413 | -90 | 0 | 0.008 |
| DPR010 | RAB | 42 | 319650 | 6562200 | 411 | -90 | 0 | 0.005 |
| DPR011 | RAB | 26 | 319700 | 6562200 | 409 | -90 | 0 | 0.01 |
| DPR012 | RAB | 60 | 319750 | 6562200 | 407 | -90 | 0 | 0.021 |
| DPR013 | RAB | 60 | 319800 | 6562200 | 406 | -90 | 0 | 0.042 |
| DPR014 | RAB | 38 | 319850 | 6562200 | 404 | -90 | 0 | 0.012 |
| DPR015 | RAB | 41 | 319900 | 6562200 | 404 | -90 | 0 | 0.052 |
| DPR016 | RAB | 60 | 319950 | 6562200 | 406 | -90 | 0 | 0.122 |
| DPR017 | RAB | 66 | 320000 | 6562200 | 406 | -90 | 0 | 0.032 |
| DPR018 | RAB | 39 | 320200 | 6562400 | 415 | -90 | 0 | 0.028 |
| DPR019 | RAB | 31 | 320150 | 6562400 | 414 | -90 | 0 | 0.069 |
| DPR020 | RAB | 44 | 320100 | 6562400 | 413 | -90 | 0 | 0.036 |
| DPR021 | RAB | 40 | 320050 | 6562400 | 412 | -90 | 0 | 0.041 |
| DPR022 | RAB | 48 | 320000 | 6562400 | 409 | -90 | 0 | 1.1 |
| DPR023 | RAB | 72 | 319950 | 6562400 | 406 | -90 | 0 | 0.318 |
| DPR024 | RAB | 27 | 319895 | 6562400 | 407 | -90 | 0 | 0.01 |
| DPR025 | RAB | 42 | 319650 | 6562400 | 409 | -90 | 0 | 0.008 |
| DPR026 | RAB | 48 | 319700 | 6562400 | 407 | -90 | 0 | 0.09 |
| DPR027 | RAB | 52 | 319750 | 6562400 | 407 | -90 | 0 | 0.129 |
| DPR028 | RAB | 60 | 319800 | 6562400 | 406 | -90 | 0 | 0.223 |
| DPR029 | RAB | 39 | 319850 | 6562400 | 406 | -90 | 0 | 0.105 |
| DPR030 | RAB | 48 | 319650 | 6562600 | 408 | -90 | 0 | 0.015 |
| DPR031 | RAB | 48 | 319700 | 6562600 | 408 | -90 | 0 | 0.038 |
| DPR032 | RAB | 50 | 319750 | 6562600 | 409 | -90 | 0 | 0.104 |
| DPR033 | RAB | 84 | 319800 | 6562600 | 410 | -90 | 0 | 0.41 |
| DPR034 | RAB | 60 | 319850 | 6562600 | 411 | -90 | 0 | 0.035 |
| DPR035 | RAB | 69 | 319900 | 6562600 | 410 | -90 | 0 | 0.049 |
| DPR036 | RAB | 57 | 319950 | 6562600 | 412 | -90 | 0 | 0.023 |
| DPR037 | RAB | 51 | 320000 | 6562600 | 412 | -90 | 0 | 0.072 |
| DPR038 | RAB | 21 | 320050 | 6562600 | 411 | -90 | 0 | 0.015 |
| DPR039 | RAB | 33 | 320100 | 6562600 | 411 | -90 | 0 | 2.3 |
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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==> picture [130 x 32] intentionally omitted <==
| DPR040 | RAB | 22 | 320150 | 6562600 | 413 | -90 | 0 | 0.018 |
|---|---|---|---|---|---|---|---|---|
| DPR041 | RAB | 23 | 320200 | 6562600 | 414 | -90 | 0 | 0.013 |
| DPR042 | RAB | 23 | 320250 | 6562600 | 416 | -90 | 0 | 0.197 |
| DPR043 | RAB | 51 | 319750 | 6563100 | 416 | -90 | 0 | 3.12 |
| DPR044 | RAB | 37 | 319800 | 6563100 | 417 | -90 | 0 | 0.06 |
| DPR045 | RAB | 60 | 319850 | 6563100 | 419 | -90 | 0 | 0.233 |
| DPR046 | RAB | 66 | 319900 | 6563100 | 420 | -90 | 0 | 0.037 |
| DPR047 | RAB | 36 | 319950 | 6563100 | 421 | -90 | 0 | 0.024 |
| DPR048 | RAB | 57 | 320000 | 6563100 | 422 | -90 | 0 | 0.066 |
| DPR049 | RAB | 63 | 320050 | 6563100 | 421 | -90 | 0 | 0.227 |
| DPR050 | RAB | 56 | 320100 | 6563100 | 425 | -90 | 0 | 0.216 |
| DPR051 | RAB | 63 | 320150 | 6563100 | 425 | -90 | 0 | 0.03 |
| DPR052 | RAB | 46 | 320200 | 6563100 | 424 | -90 | 0 | 0.496 |
| DPR053 | RAB | 4 | 320400 | 6563500 | 427 | -90 | 0 | 0.004 |
| DPR054 | RAB | 3 | 320350 | 6563500 | 427 | -90 | 0 | 0.031 |
| DPR055 | RAB | 12 | 320300 | 6563500 | 428 | -90 | 0 | 0.031 |
| DVC005 | RC | 84 | 320198 | 6563018 | 409.7 | -50 | 270 | 1.38 |
| MIC001 | RC | 290 | 319078 | 6562904 | 411.5 | -65 | 285 | 0.03 |
| FGA001 | AC | 48 | 319650 | 6563050 | 415 | -90 | 0 | 0.05 |
| FGA002 | AC | 50 | 319700 | 6563050 | 415 | -90 | 0 | 3.29 |
| FGA003 | AC | 54 | 319750 | 6563050 | 416 | -90 | 0 | 0.14 |
| FGA004 | AC | 63 | 319700 | 6563100 | 415 | -90 | 0 | 1.01 |
| FGA005 | AC | 57 | 319650 | 6563100 | 414 | -90 | 0 | 0.09 |
| FGA006 | AC | 66 | 319650 | 6563200 | 413 | -90 | 0 | 0.19 |
| FGA007 | AC | 53 | 319700 | 6563200 | 414 | -90 | 0 | 0.01 |
| FGA008 | AC | 66 | 319750 | 6563200 | 415 | -90 | 0 | 0.1 |
| FGA009 | AC | 55 | 319800 | 6563200 | 415 | -90 | 0 | 0.33 |
| FGA010 | AC | 63 | 319850 | 6563200 | 416 | -90 | 0 | 1 |
| FGA011 | AC | 63 | 319850 | 6563300 | 416 | -90 | 0 | 0.7 |
| FGA012 | AC | 42 | 319800 | 6563300 | 416 | -90 | 0 | 0.01 |
| FGA013 | AC | 69 | 319750 | 6563300 | 417 | -90 | 0 | 0.08 |
| FGA014 | AC | 33 | 319700 | 6563300 | 418 | -90 | 0 | 0.02 |
| FGA015 | AC | 69 | 319650 | 6563300 | 417 | -90 | 0 | 0.1 |
| FGA016 | AC | 34 | 319650 | 6563400 | 418 | -90 | 0 | 0.02 |
| FGA017 | AC | 33 | 319700 | 6563400 | 420 | -90 | 0 | 0.02 |
| FGA018 | AC | 36 | 319750 | 6563400 | 420 | -90 | 0 | 0.01 |
| FGA019 | AC | 32 | 319800 | 6563400 | 416 | -90 | 0 | 0.01 |
| FGA020 | AC | 60 | 319850 | 6563400 | 420 | -90 | 0 | 0.82 |
| FGA021 | AC | 57 | 319900 | 6563400 | 420 | -90 | 0 | 1.39 |
| FGA022 | AC | 65 | 319950 | 6563400 | 420 | -90 | 0 | 0.02 |
| FGA023 | AC | 66 | 320000 | 6563400 | 423 | -90 | 0 | 0.01 |
| FGA024 | AC | 33 | 319650 | 6563500 | 419 | -90 | 0 | 0.01 |
| FGA025 | AC | 36 | 319700 | 6563500 | 420 | -90 | 0 | 0.4 |
| FGA026 | AC | 26 | 319750 | 6563500 | 422 | -90 | 0 | 0.01 |
| FGA027 | AC | 14 | 319800 | 6563500 | 423 | -90 | 0 | 0.01 |
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[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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==> picture [130 x 32] intentionally omitted <==
| FGA028 | AC | 68 | 319850 | 6563500 | 424 | -90 | 0 | 0.01 |
|---|---|---|---|---|---|---|---|---|
| FGA029 | AC | 45 | 319900 | 6563500 | 424 | -90 | 0 | 0.01 |
| FGA030 | AC | 49 | 319950 | 6563500 | 423 | -90 | 0 | 0.02 |
| FGA031 | AC | 58 | 320000 | 6563500 | 422 | -90 | 0 | 0.01 |
| FGA032 | AC | 61 | 320000 | 6563600 | 425 | -90 | 0 | 0.14 |
| FGA033 | AC | 52 | 319950 | 6563600 | 427 | -90 | 0 | 0.03 |
| FGA034 | AC | 47 | 319900 | 6563600 | 426 | -90 | 0 | 0.02 |
| FGA035 | AC | 59 | 319850 | 6563600 | 425 | -90 | 0 | 0.04 |
| FGA036 | AC | 31 | 319800 | 6563600 | 424 | -90 | 0 | 0.01 |
| FGA037 | AC | 40 | 319750 | 6563600 | 422 | -90 | 0 | 0.9 |
| FGA038 | AC | 27 | 319700 | 6563600 | 421 | -90 | 0 | 0.05 |
| FGA039 | AC | 30 | 319650 | 6563600 | 420 | -90 | 0 | 0.01 |
| FGA040 | AC | 30 | 319650 | 6563700 | 420 | -90 | 0 | 0.02 |
| FGA041 | AC | 33 | 319700 | 6563700 | 421 | -90 | 0 | 0.06 |
| FGA042 | AC | 45 | 319750 | 6563700 | 421 | -90 | 0 | 0.07 |
| FGA043 | AC | 44 | 319800 | 6563700 | 422 | -90 | 0 | 0.22 |
| FGA044 | AC | 10 | 319850 | 6563700 | 424 | -90 | 0 | 0.03 |
| FGA045 | AC | 56 | 319900 | 6563700 | 427 | -90 | 0 | 0.06 |
| FGA046 | AC | 37 | 319950 | 6563700 | 427 | -90 | 0 | 0.02 |
| FGA047 | AC | 52 | 320000 | 6563700 | 426 | -90 | 0 | 0.02 |
| FGA048 | AC | 54 | 320050 | 6563700 | 425 | -90 | 0 | 0.01 |
| FGA049 | AC | 66 | 320100 | 6563700 | 424 | -90 | 0 | 0.01 |
| FGA050 | AC | 76 | 320200 | 6563800 | 426 | -90 | 0 | 1.48 |
| FGA051 | AC | 53 | 320150 | 6563800 | 425 | -90 | 0 | 0.04 |
| FGA052 | AC | 57 | 320100 | 6563800 | 425 | -90 | 0 | 0.03 |
| FGA053 | AC | 47 | 320050 | 6563800 | 425 | -90 | 0 | 0.02 |
| FGA054 | AC | 57 | 320000 | 6563800 | 426 | -90 | 0 | 0.03 |
| FGA055 | AC | 35 | 319950 | 6563800 | 427 | -90 | 0 | 0.03 |
| FGA056 | AC | 45 | 319900 | 6563800 | 426 | -90 | 0 | 0.02 |
| FGA057 | AC | 8 | 319850 | 6563800 | 424 | -90 | 0 | 0.01 |
| FGA058 | AC | 45 | 319800 | 6563800 | 424 | -90 | 0 | 0.3 |
| FGA059 | AC | 27 | 319750 | 6563800 | 423 | -90 | 0 | 1.53 |
| FGA060 | AC | 17 | 319700 | 6563800 | 423 | -90 | 0 | 0.09 |
| FGA061 | AC | 7 | 319650 | 6563800 | 422 | -90 | 0 | 0.02 |
| FGA062 | AC | 7 | 319650 | 6563900 | 425 | -90 | 0 | 0.02 |
| FGA063 | AC | 33 | 319700 | 6563900 | 423 | -90 | 0 | 0.02 |
| FGA064 | AC | 9 | 319750 | 6563900 | 427 | -90 | 0 | 0.58 |
| FGA065 | AC | 37 | 319800 | 6563900 | 427 | -90 | 0 | 0.02 |
| FGA066 | AC | 15 | 319850 | 6563900 | 427 | -90 | 0 | 0.01 |
| FGA067 | AC | 6 | 319900 | 6563900 | 427 | -90 | 0 | 0 |
| FGA068 | AC | 39 | 319950 | 6563900 | 428 | -90 | 0 | 0.01 |
| FGA069 | AC | 39 | 320000 | 6563900 | 427 | -90 | 0 | 0.43 |
| FGA070 | AC | 45 | 320050 | 6563900 | 426 | -90 | 0 | 0.01 |
| FGA071 | AC | 51 | 320100 | 6563900 | 426 | -90 | 0 | 0.02 |
| FGA072 | AC | 60 | 320150 | 6563900 | 427 | -90 | 0 | 0.04 |
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==> picture [10 x 11] intentionally omitted <==
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==> picture [12 x 13] intentionally omitted <==
==> picture [12 x 12] intentionally omitted <==
[email protected] +61 8 6383 7817 futurebatteryminerals.com.au
Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545
ASX: FBM
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==> picture [130 x 32] intentionally omitted <==
| FGA073 | AC | 75 | 320200 | 6563900 | 428 | -90 | 0 | 1.95 |
|---|---|---|---|---|---|---|---|---|
| FGC001 | RC | 111 | 320036 | 6562400 | 411 | -50 | 270 | 14.4 |
| FGC002 | RC | 114 | 320135 | 6562600 | 412 | -50 | 270 | 0.07 |
| FGC003 | RC | 114 | 319740 | 6563050 | 416 | -50 | 270 | 8.84 |
| FGC004 | RC | 102 | 319796 | 6563100 | 417 | -50 | 270 | 0.58 |
| FGC005 | RC | 102 | 319706 | 6562950 | 413 | -50 | 270 | 0.08 |
| FGC006 | RC | 102 | 319735 | 6563000 | 416 | -50 | 270 | 0.49 |
| FGR001 | RAB | 45 | 319700 | 6563000 | 415 | -90 | 0 | 0.24 |
| FGR002 | RAB | 46 | 319650 | 6563000 | 414 | -90 | 0 | 0.08 |
| FGR003 | RAB | 55 | 319900 | 6563200 | 418 | -90 | 0 | 0.12 |
| FGR004 | RAB | 69 | 319950 | 6563200 | 420 | -90 | 0 | 0.07 |
| FGR005 | RAB | 44 | 320000 | 6563200 | 422 | -90 | 0 | 0.04 |
| FGR006 | RAB | 60 | 320000 | 6563300 | 421 | -90 | 0 | 0.22 |
| FGR007 | RAB | 65 | 319950 | 6563300 | 419 | -90 | 0 | 0.28 |
| FGR008 | RAB | 59 | 319900 | 6563300 | 417 | -90 | 0 | 0.02 |
JORC Code, 2012 Edition, Table 1 Section 1: Sampling Techniques and Data
| CRITERIA | EXPLANATION | COMMENTARY |
|---|---|---|
| Sampling techniques |
• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1m samples from which 3kg was pulverised to produce a 30g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. |
• Reverse Circulation drilling collects a 1m bulk sample. Sampling is then composited into 4m composites for fire assay purpose. Anomalous intercepts are then sub assayed to their 1m sample. • Air Core drilling collects a 1m bulk sample. Sampling is then composited into 4m composites for fire assay purpose. Anomalous intercepts are then sub assayed to their 1m sample. • Rotary Air Blast Drilling collects a 1m bulk sample. Sampling is then composited into 4m composites for fire assay purpose. |
| Drilling techniques |
• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit orothertype,whethercore |
• Historic results reported include drilling by Reverse Circulation (RC), Air Core (AC) and Rotary Air Blast (RAB). • The drill type has been specified in the appropriate collar table. |
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| is oriented and if so, by what method, etc). |
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|---|---|---|
| Drill sample recovery |
• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarsematerial. |
• Results reported are historic and FBM has relied upon public domain data reported by previous project holders. • Recovery was measured/commented in sample logs. • No sample bias relationship has been identified. |
| Logging | • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. |
• Results reported are historic and FBM has relied upon public domain data reported by previous project holders. • Drill holes have been lithologically logged by geologists in the field by respective historic explorers • Lithological data has been compiled. Logging is a qualitative nature. • At Forrest Gold prospect primary lithology has been recorded. Not all drill logs include data such as oxidation, texture and structure. |
| Sub-sampling techniques and sample preparation |
• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. |
• Sampling of drill chips included compositing by spear sample on 4m composites. • Single metre samples were riffle split to obtain an approximate 3kg sample. |
| Quality of assay data and laboratory tests |
• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. |
The Historic data represented in this announcement was culminated from the exploration work conducted the following parties. • Mt Kersey Mining conducted Reverse Cuirculation drilling in 1996 consisting of 9 holes. Samples were assayed via Fire Assay for gold and aqua regia digest for other elements at AAL Kalgoorlie • Crest Mining conducted Reverse Cuirculation drilling in 1996 and 1997 consisting of 38 holes. Samples were assayed via PM203 at ALS laboratories • Barminco conducted Reverse Cuirculation drilling in 1997 consisting of 6 holes. Samples were assayed via Fire AssayFA1atAmdel laboratories. |
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| • Spinifex Resources conducted 3 diamond core holes targeting the Miriam Nickel prospect in 2000. Samples containing gold were assayed via fire assay at Analabs • Berkeley Resources conducted 3 diamond core and 1 RC hole targeting the Miriam Nickel prospect in 2004. Samples containing gold were assayed via fire assay at Analabs. • Sipa Resources conducted Air Core (73 holes), RAB (63 holes) and RC (8 holes) drilling between 2005 and 2007. Samples were assayed by Ultratrace laboratories utilising methods, ICP101, ICP102, ICP302 and fire assay FA002 and FA003 |
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|---|---|---|
| Verification of sampling and assaying |
• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. |
• No independent verification has been conducted • Field data is imported to the FBM geochemistry database. • No adjustments are made to assay data |
| Location of data points |
• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. |
• Drill Holes were located utilising a hand held GPS with a accuracy +/-5m and via local gridding • All drill hole collar information has been transformed to UTM MGA 94 Zone 51 • Holes were field checked by FBM utilising a hand held gps to validate the grid transformation of the historic data. Field checks found the holes to be within the error range of the hand held gps. • Geospatial grid information is represented in UTM MGA 94 Zone 51 |
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. |
• At Forrest, holes were drilled on a 40m spacing, 60m line spacing. • Regional targets were drilled on greater than 80m hole spacing and greater than 80m line spacing • This data spacing is appropriate for identifying continuous and non- continuous geochemical anomalies |
| Orientation of data in relation to geological structure |
• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. |
• Drilling has mostly been conducted on E- W grid lines. Geological units in the region have a dominantly N-S to NE-SW strike. As such the E-W drilling provides relative oblique interceptions. |
| Sample security | • The measures taken to ensure sample security. |
• Results reported are historic and FBM has relied upon public domain data reported by previous projectholders. |
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| • FBM has not located historic data relating to sample security |
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|---|---|---|
| Audits or reviews |
• The results of any audits or reviews of sampling techniques and data. |
No independent audit or review has been undertaken. |
Section 2: Reporting of Exploration Results
| CRITERIA | EXPLANATION | COMMENTARY |
|---|---|---|
| Mineral tenement and land tenure status |
• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
The Miriam Project consists of 5 prospecting leases. •Granted leases are P15/6136, P15/6137, P156138 and P15/6139. P15/6135 remains in application •Leases P15/6136-6139 are held by Coolgardie Nickel Pty Ltd, now an 100% subsidiary of Future Battery Minerals Ltd. P15/6135 is held by Limelight Industries Pty Ltd until time of grant •The tenements are located in the Kangaroo Hills Timber Reserve, an approved Conservation Management Plan provides conditional access to the tenure. •The tenements are in good standing and no known impediments exist. |
| Exploration done by other parties |
Acknowledgment and appraisal of exploration by other parties. |
The Historic data represented in this announcement was culminated from the exploration work conducted the following parties. • Mt Kersey Mining conducted Reverse Cuirculation drilling in 1996 consisting of 9 holes. Samples were assayed via Fire Assay for gold and aqua regia digest for other elements at AAL Kalgoorlie • Crest Mining conducted Reverse Cuirculation drilling in 1996 and 1997 consisting of 38 holes. Samples were assayed via PM203 at ALS laboratories • Barminco conducted Reverse Cuirculation drilling in 1997 consisting of 6 holes. Samples were assayed via Fire Assay FA1 at Amdel laboratories. • Spinifex Resources conducted 3 diamond core holes targeting the Miriam Nickel prospect in 2000. Samples containing gold were assayed via fire assay at Analabs • Berkeley Resources conducted 3 diamond core and 1 RC hole targeting the Miriam Nickel prospect in 2004. Samples containing gold were assayed via fire assay at Analabs. • Sipa Resources conducted Air Core (73 holes), RAB (63 holes) and RC (8 holes) drilling between 2005 and 2007. Samples were assayed by Ultratracelaboratories utilising |
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| methods, ICP101, ICP102, ICP302 and fire assay FA002 and FA003 |
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|---|---|---|
| Geology | Deposit type, geological setting and style of mineralisation. |
• The Miriam project is prospective for Lithium, Caesium, Tantalum (LCT) enriched pegmatites which intrudes older Archean aged greenstone lithologies. • The tenements are prospective for lode and structurally hosted gold mineralisation hosted within Archean aged greenstone lithologies. |
| Drill hole Information |
• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • dip and azimuth of the hole • down hole length and interception depth • hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why thisis the case. |
• Drill Hole collar tables including location, height and drill direction have been included. (Table 2). • Maximum Au assay has been represented in the maps. This data is included in the collar table • Significant intercept assay data has been tabled. (Table1) |
| Data aggregation methods |
• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high- grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. |
• Maximum down hole gold assays have been included in maps. Cutoff ranges are shown in legends • Significant intercepts are considered as intercepts >0.1g/t Au and include up to 1m internal dilution. This is considered a significant intercept for first pass drilling technique such as RAB and AC. |
| Relationship between mineralisation widths and intercept lengths |
• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). |
• All results are reported as down hole length only. Mineralisation is interpreted as flat lying lodes however geological understanding is still insufficient and further drilling planned by FBM aims to address the uncertainty. |
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| Diagrams | Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. |
Relevant diagrams have been included within the announcement. |
|---|---|---|
| Balanced reporting |
Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. |
• Assay data has been represented for all holes drilled in the project area. |
| Other substantive exploration data |
Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. |
No other substantive data exists. |
| Further work | • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step- out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. |
• FBM plans to conduct further target generative exploration including geophysical review and surface sampling. • FBM will schedule drill testing of the Miriam project which is scheduled for July 2025. • Refer to figures/diagrams in the main body of text. |
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