Thirteen New Gold Targets Identified at Miriam, Drilling Set for July
Future Battery Minerals has identified thirteen new structural gold targets at its Miriam Project in Western Australia, setting the stage for a promising exploration campaign starting July 2025.
- Thirteen new structural gold targets identified via aeromagnetic data
- Targets align with historic gold anomalism at known prospects
- Additional 200 surface samples collected for geochemical analysis
- Initial reverse circulation drilling planned for July 2025 at Forrest prospect
- Strong financial position with A$7.4 million cash and zero debt
Exploration Breakthrough at Miriam
Future Battery Minerals Ltd (ASX – FBM) has announced a significant advancement in its gold exploration efforts at the Miriam Project, located within Western Australia's prolific Coolgardie Greenstone Belt. Through a detailed litho-structural interpretation of aeromagnetic data, the company has pinpointed thirteen new structural targets that could host gold mineralisation. These targets extend up to 1.75 kilometres in length and span a 6-kilometre strike, highlighting the considerable scale of the opportunity.
Historic Data Meets Modern Analysis
The newly identified targets are not isolated anomalies; many coincide with historic drilling results and known gold occurrences at prospects such as Forrest, Jungle, Burbanks Monarch, Blue Bell, Prospecting, and Londonderry. Previous drilling at Forrest has returned encouraging intercepts, including intervals with gold grades exceeding 7 grams per tonne. This convergence of historic data and modern geophysical interpretation strengthens the case for further exploration.
Ongoing Surface Sampling and Upcoming Drilling
Complementing the geophysical work, FBM has collected an additional 200 surface soil samples, which are currently undergoing analysis for gold and associated pathfinder elements. Results are expected by late June 2025, potentially refining target prioritisation. Meanwhile, the company’s geological team is preparing for further ground truthing and mapping to enhance understanding of the structural controls on mineralisation.
Crucially, FBM remains on track to commence an initial reverse circulation (RC) drilling program in July 2025, focusing on the Forrest gold targets. This program aims to test the subsurface extent of mineralisation and validate the newly identified structural targets.
Strategic Position and Financial Strength
The Miriam Project benefits from a strategic location within an infrastructure-rich mining district, close to established operations such as Horizon Minerals’ Burbanks and Focus Minerals’ Tindals Mining Centre. FBM’s tenure is secure, with all necessary permits and native title clearances in place, enabling rapid progression to drilling.
Financially, the company is well-positioned to execute its exploration plans, boasting a strong cash balance of A$7.4 million and zero debt as of 31 March 2025. This robust balance sheet provides a solid runway for the planned 18 to 24 months of exploration activity.
Looking Ahead
Future Battery Minerals’ methodical approach; integrating geophysical reinterpretation, surface geochemistry, and targeted drilling; reflects a disciplined exploration strategy. The identification of multiple new targets within a well-endowed gold province underscores the potential for meaningful discoveries that could add significant value to the company’s portfolio.
Bottom Line?
As FBM prepares to drill its newly identified targets, the coming months will be critical in translating geophysical promise into tangible gold resources.
Questions in the middle?
- Will the July drilling confirm the extent and grade of gold mineralisation at Forrest?
- How will the upcoming geochemical assay results influence target prioritisation?
- Could the structural features identified at Miriam lead to discoveries comparable to nearby major deposits?
