Oval Discovery Yields Massive Sulphide Intercepts with Up to 4.7% Copper, 3.65% Nickel
Asian Battery Metals PLC has announced robust assay results from its Phase 3 drilling at the Oval Cu-Ni-PGE discovery in Mongolia, confirming multiple massive sulphide intersections with significant copper, nickel, and precious metals. The results reinforce the continuity and scale potential of this emerging mineral system.
- Multiple massive sulphide intercepts with high copper and nickel grades
- Phase 3 drilling validates geological model and mineralisation continuity
- Deep high-tenor sulphides indicate potential feeder zones
- Ground-based electromagnetic survey to guide further drilling
- Company fully funded for 2025 exploration activities
Robust Assay Results Confirm Mineral Potential
Asian Battery Metals PLC (ASX, AZ9) has released encouraging assay results from its ongoing Phase 3 drilling program at the Oval Cu-Ni-PGE discovery in southwestern Mongolia. The latest data confirms multiple massive sulphide intersections with impressive grades, including a standout intercept of 1.3 metres grading 4.70% copper and 3.65% nickel, alongside precious metals such as platinum group elements (PGEs) and cobalt.
These results build on previous successes, reinforcing the company's geological model and suggesting a continuous, high-grade mineralised system. Notably, drillhole OVD033 confirmed a broad mineralised zone extending over 88.5 metres with multiple higher-grade intervals, while deeper drilling (OVD032) intersected high-tenor sulphides at nearly 300 metres depth, hinting at a potential feeder system beneath the main intrusion.
Strategic Drilling and Geophysical Surveys
The Phase 3 program, comprising 16 drillholes totaling nearly 3,000 metres, has been instrumental in delineating the extent and geometry of the mineralisation. The company has employed downhole electromagnetic (DHEM) surveys after each hole, enabling precise targeting of conductive sulphide bodies. These geophysical insights have guided drilling to zones with strong mineralisation and will continue to inform future exploration efforts.
Complementing the drilling, Asian Battery Metals is initiating a ground-based SAMSON electromagnetic survey designed to penetrate deeper and identify feeder zones that could host even higher-grade mineralisation. This integrated approach underscores the company's commitment to thorough exploration and resource definition.
Fully Funded and Positioned for Growth
Managing Director Gan-Ochir Zunduisuren expressed confidence in the project's potential, highlighting the continuity of high-grade mineralisation and the scale prospects of the Oval system. The company remains fully funded for its 2025 exploration agenda, supported by institutional and strategic investors following a successful placement earlier this year.
Asian Battery Metals’ broader portfolio includes other promising projects such as Copper Ridge (Cu-Au), Khukh Tag Graphite, and Tsagaan Ders Lithium, positioning it as a diversified player in Mongolia’s mineral exploration landscape.
Looking Ahead
With additional assay results expected by late June and ongoing geophysical surveys, the next phase of exploration at Oval promises to sharpen the understanding of this emerging copper-nickel system. While no resource estimate has yet been announced, the consistent high-grade intercepts and expanding mineralised footprint suggest a compelling opportunity for Asian Battery Metals and its investors.
Bottom Line?
As Asian Battery Metals advances its exploration at Oval, the market will watch closely for resource updates that could redefine Mongolia’s copper-nickel landscape.
Questions in the middle?
- Will upcoming assay results confirm further extensions of high-grade mineralisation?
- How will the new SAMSON EM survey refine targets for deeper feeder zones?
- What timeline can investors expect for a maiden resource estimate at Oval?
