New EM Plates at Bayan Sair and Copper Ridge Raise Stakes for Asian Battery Metals

• Phase 3 drilling extends Cu-Ni-PGE mineralisation at Oval intrusion
• New high-conductance EM plates identified at Bayan Sair and Copper Ridge
• Drillholes confirm vertically extensive magmatic sulphide system
• Ongoing due diligence drilling at Maikhan Uul Cu-Au VMS project
• Assay results pending; mineralogy and metallurgical studies underway

Expanding the Yambat Footprint

Asian Battery Metals PLC (ASX – AZ9) has delivered a significant update from its 100%-owned Yambat Project in Western Mongolia, reporting encouraging results from its Phase 3 drilling campaign. The company’s focus on the Oval Cu-Ni-PGE intrusion has yielded expanded mineralisation zones, with drillhole OVD048 intercepting 16 metres of mineralised mafic intrusion near surface, extending known mineralisation by approximately 30 metres up-dip to the north. This extension reinforces the presence of a robust, vertically extensive copper-nickel-platinum group element (PGE) system.

Further confirmation came from the extended drillhole OVD011E, which intersected disseminated sulphide mineralisation and identified a deep conductive plate with a conductance of 8,665 Siemens. This supports the company’s feeder conduit model, suggesting a significant magmatic system with potential for both high-grade massive sulphide zones and broader bulk-tonnage mineralisation.

New Targets Signal District-Scale Potential

Beyond the Oval area, Asian Battery Metals has identified new high-priority geophysical anomalies at the Bayan Sair tenement and Copper Ridge prospect. Recent Fixed Loop Electromagnetic (FLEM) and Moving Loop Electromagnetic (MLEM) surveys have delineated conductive plates coincident with magnetic highs and favourable geological structures. Notably, a high-conductance MLEM plate at Copper Ridge exhibits a conductance exceeding 10,000 Siemens, indicating potential sulphide accumulation. These findings expand the scope of exploration, pointing to a district-scale opportunity for copper-nickel and copper-gold sulphide systems.

Deeper Zones and Ongoing Exploration

Drilling at the MS1 intrusion has revealed promising mineralisation at depth, with drillhole SC11 intersecting nearly 30 metres of disseminated sulphide mineralisation. Downhole electromagnetic modelling suggests off-hole conductors that warrant further investigation in the upcoming Phase 4 drilling program. Meanwhile, ongoing due diligence drilling at the Maikhan Uul Cu-Au VMS project is progressing ahead of a potential acquisition, reflecting the company’s strategic expansion within Mongolia’s mineral-rich landscape.

Asian Battery Metals is awaiting assay results expected within the next two weeks, which will provide critical data to refine resource estimates and guide future drilling. Concurrently, mineralogy studies on composite samples and initial metallurgical testing are underway, aiming to better understand the ore characteristics and processing potential.

Strategic Outlook

Managing Director Gan-Ochir Zunduisuren highlighted the systematic approach to de-risking the Yambat system, noting that each drilling phase enhances understanding of what could become one of Asia’s major magmatic sulphide discoveries. The integration of geophysical surveys with targeted drilling is proving effective in delineating mineralised zones and new targets, setting the stage for a comprehensive Phase 4 exploration campaign.

With Mongolia’s strategic position in the global supply chain for battery metals and the growing demand for copper and nickel in energy transition technologies, Asian Battery Metals’ advances at Yambat position the company as a notable player in the region’s base metals exploration sector.

Bottom Line?

As assay results and metallurgical studies unfold, Asian Battery Metals is poised to deepen its foothold in Mongolia’s copper-nickel frontier, with district-scale discoveries on the horizon.

Questions in the middle?

• What will the pending assay results reveal about the grade and economic viability of the expanded mineralisation?
• How will the new high-conductance EM targets at Bayan Sair and Copper Ridge influence the Phase 4 drilling priorities?
• What impact could the potential acquisition of the Maikhan Uul Cu-Au VMS project have on the company’s growth strategy?