FBM Uncovers 1.75km Gold Anomaly at Miriam Ahead of July Drilling
Future Battery Minerals has identified a significant 1.75km gold anomaly at its Miriam Project in Western Australia, setting the stage for a promising drilling campaign starting in July 2025.
- Fifteen anomalous gold zones identified via soil sampling
- New 1.75km Canyon target emerges with strong geochemical and geophysical signals
- Historical drilling at Forrest prospect shows notable gold intercepts
- Initial Reverse Circulation drilling program planned for July 2025
- Company holds A$7.4 million cash with zero debt to fund exploration
Exploration Breakthrough at Miriam
Future Battery Minerals Ltd (ASX – FBM) has announced compelling new exploration results from its 100%-owned Miriam Project, situated in the prolific Coolgardie Greenstone Belt of Western Australia. A detailed review of recent and historical soil geochemistry has revealed 15 anomalous gold zones, including a standout 1.75-kilometre-long gold anomaly at the newly defined Canyon target. This discovery significantly enhances the project's potential for shallow, high-grade gold mineralisation.
Geochemical and Geophysical Synergy
The soil sampling program, which included approximately 300 new samples analysed using the advanced UltraFine+™ technique, returned peak gold values up to 3.03 grams per tonne. Many of these anomalous zones align closely with structural targets identified through magnetic geophysical surveys, underscoring the robustness of the exploration model. The Canyon target, in particular, exhibits a strong correlation between geochemical anomalies and structural features, mirroring characteristics seen at the Forrest prospect.
Historical Drilling Supports Prospectivity
Historical drilling at Forrest has intercepted significant gold mineralisation, including intervals such as 12 metres at 2.09 g/t Au and 5 metres at 7.35 g/t Au. These results provide a valuable analogue for the newly identified targets and reinforce the potential for meaningful discoveries within the Miriam tenure. The company’s technical team is leveraging these insights to prioritise drill targets and refine exploration strategies.
Upcoming Drilling Program and Funding
FBM is on track to commence an initial Reverse Circulation drilling program in July 2025, focusing on the Forrest and Canyon targets. All necessary permits, including a Conservation Management Plan and drilling Program of Work, have been secured. The company’s strong financial position; with A$7.4 million in cash and no debt as of March 31, 2025; provides ample runway to execute its exploration plans and advance the Miriam Project through critical early-stage development.
Strategic Position in a Rich Gold Province
The Miriam Project benefits from its location within the infrastructure-rich Eastern Goldfields, close to established mining hubs such as Coolgardie. This proximity to existing operations and processing facilities offers multiple pathways for future project commercialisation. FBM’s management team, with a proven track record in exploration and development, is well-positioned to unlock value from this emerging gold district.
Bottom Line?
As FBM prepares to drill its most promising targets at Miriam, the market will be watching closely for results that could reshape the company’s growth trajectory.
Questions in the middle?
- Will the upcoming drilling confirm the scale and grade suggested by soil anomalies at Canyon?
- How might FBM’s exploration success at Miriam influence its broader Coolgardie portfolio strategy?
- What are the potential timelines and milestones following the initial July drilling campaign?
