Asian Battery Metals PLC is pleased to announce that fieldwork has commenced for the 2025 regional exploration program at its 100% owned Yambat Project in southwestern Mongolia.
The program will test multiple copper-gold and copper-nickel areas outside the Company's flagship Oval Cu-Ni-PGE discovery. Initial drilling is planned at the MS1, and MS2 prospects, each representing large-scale, previously undrilled, magmatic copper and nickel targets, and at the Copper Ridge Cu-Au prospect.
Importantly, the Company remains fully funded, enabling AZ9 to execute its regional exploration program despite tightening conditions across the junior resources sector.
Highlights:
- Regional fieldwork underway across the Yambat tenement.
- Drilling to commence in Q2 2025 at three high-priority prospects: Copper Ridge, MS1 and MS2.
- Copper Ridge Cu-Au target area to be tested with two diamond drillholes (totalling ~400 m).
- MS1 and MS2 to be tested with scout diamond drillholes targeting strong chargeability anomalies.
- Gradient Array IP Survey planned at CR Far East to define additional future drill targets.
The company's Managing Director, Gan-Ochir Zunduisuren commented: "While our primary focus remains the ongoing Phase 3 drilling at our Oval Cu-Ni-PGE discovery, we're excited to begin testing several large-scale regional target areas across the Yambat Project.
This regional program will test a series of compelling copper and nickel targets. We are confident this work will help build a pipeline of opportunities that can complement our existing discovery at Oval. The drilling at Oval is progressing very well and we are planning to provide a separate update to the market shortly".
Next Steps and Further Updates
- Commence drilling at Copper Ridge, MS1 and MS2 (April - May 2025)
- Complete Gracient Array IP Survey at CR Far East (May 2025)
- Assay results expected from mid-Q2 2025 onwards