Future Battery Minerals Ltd has identified significant gold mineralisation at its Miriam Project in Western Australia, setting the stage for a targeted drilling campaign in July 2025. The company’s review of historical data highlights multiple high-potential prospects, including the Forrest zone with continuous gold intercepts over 600 metres.
- Historical drilling review reveals consistent gold mineralisation at Forrest prospect
- Significant gold intercepts include up to 7.35 g/t over 5 metres
- Gold mineralisation remains open at depth and along strike, prioritising follow-up drilling
- Additional gold occurrences identified at Forrest South and Jungle prospects
- Initial RC drilling program scheduled for July 2025 with full permits and strong funding
Strategic Acquisition and Data Review
Future Battery Minerals Ltd (ASX: FBM) has completed a comprehensive review of historical drilling data for its recently consolidated Miriam Project, located in the prolific Goldfields region of Western Australia. This follows the company’s acquisition of gold and base metal rights, alongside residual lithium interests, positioning Miriam as a multi-commodity exploration opportunity.
The review focused on the Forrest prospect, where historical drilling has demonstrated consistent and continuous gold mineralisation over a strike length exceeding 600 metres. Notably, intercepts such as 12 metres at 2.09 grams per tonne (g/t) gold and 5 metres at 7.35 g/t gold underscore the prospect’s potential.
Encouraging Drill Results and Open Mineralisation
Drilling at Forrest has intersected gold mineralisation both in regolith and fresh rock, with significant shallow intercepts that remain open at depth and along strike to the northeast and southwest. This open-ended nature of mineralisation highlights priority targets for the upcoming drilling campaign.
Beyond Forrest, the review identified additional gold occurrences at Forrest South and Jungle prospects, with intercepts such as 16 metres at 0.94 g/t and 4 metres at 3.37 g/t gold respectively. These zones represent further exploration upside within the Miriam tenure.
Comprehensive Geological and Geophysical Work Underway
Future Battery Minerals is advancing a litho-geophysical and geochemical review to refine structural targets and better define the gold mineralisation framework. This preparatory work aims to enhance targeting precision ahead of the maiden reverse circulation (RC) drilling program planned for July 2025.
The company is fully permitted to undertake exploration and drilling activities across the Miriam Project, with a Conservation Management Plan approved and Native Title Party engagement largely completed. This regulatory readiness enables rapid mobilisation once drilling commences.
Strategic Location and Strong Financial Position
The Miriam Project benefits from its proximity to established gold and lithium processing facilities, including Auric Mining’s Burbanks mill and Focus Minerals’ Coolgardie operations. This infrastructure advantage offers multiple pathways for potential commercialisation of any future discoveries.
Financially, FBM is well-positioned with a robust cash balance of A$7.4 million and zero debt as of March 2025, providing ample runway to execute its exploration strategy and advance the Miriam Project.
Looking Ahead
With a strong foundation of historical data and a clear exploration roadmap, Future Battery Minerals is poised to unlock value at Miriam. The upcoming drilling campaign will be closely watched by investors eager to see if the promising gold intercepts translate into a significant resource.
Bottom Line?
July’s drilling at Miriam could be the catalyst that transforms historical promise into a new gold discovery.
Questions in the middle?
- Will the upcoming drilling confirm the continuity and grade of gold mineralisation at depth?
- How might the lithium rights and potential discoveries interplay with gold exploration at Miriam?
- What are the timelines and criteria for advancing from exploration to resource estimation?