공시 • Apr 09
Asian Battery Metals plc Provides an Update on Drilling Progress At Its Highly Prospective Oval Cu-Ni Discovery in Mongolia
Asian Battery Metals PLC provided an update on drilling progress at its highly prospective Oval Cu-Ni discovery in Mongolia. The Phase 3 program follows the outstanding result of the 2024 drilling campaign. 830.7 metres completed across three drillholes at Oval. Ground-based SAMSON FLEM scheduled for May/June 2025 to generate new drill targets. This exploration will focus on identifying new targets for future drilling. Phase 3 drilling commenced at Oval in late February 2025, with three diamond drillholes now completed for a total of 830.7 metres. Core logging and sampling are ongoing, with initial assay results expected to be received from May 2025 onwards. The drill rig was moved outside of Oval Cu-Ni to enable DHEM measurement and completed one of the priority scout drilling targets to test a deeper-seated magnetic susceptible/low resistivity/high chargeable anomaly along the south-eastern (SE) regional structure near the central target area. Remaining drilling targets of Phase 3 drilling at Oval Cu-Ni discovery. Southern Geoscience Pty Ltd. has completed the re-inversion and processing of the previously identified downhole electromagnetic (DHEM) plates from drillhole OVD0218 (which resulted in 8.8 metres of massive sulphide grading 6.08% Cu, 3.19% Ni, and 1.63g/t E39), OVD00510 and OVD031. This technology will provide enhanced subsurface insights, mitigate project risks, and guide future drilling activities with greater precision. Complete the remaining priority drillholes at Oval. Submit samples and await assay results (first results expected from May 2025). The exploration results contained in this report are based on and fairly and accurately represent the information and supporting documentation prepared by and under the supervision of Robert Dennis. Mr. Dennis has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. Assay results will be reported at a later date following completion of sampling and assaying., 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 or other type, whether core is oriented and if so, by what method, etc)., Drilling is performed using diamond technology. Diamond drill core is HQ size (63.5mm diameter) with triple tube used from surface., 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/coarse material., Core recovery is being measured relative to drill blocks and RQDs were recorded in the database for all holes., Recovery is generally good except in faulted ground., There is no obvious correlation of visual grade and recovery., Logging, 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. These observations imply that the mineralized body continues at depth but is offset by reverse faulting., 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 of drillhole collar locations and appropriate sectional views., Included in the body of the report., 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., No Mineral Resource Estimate is being reported., Other substantive exploration data, Other substantive exploration data, if meaningful and material, should be reported including (but not limited to).