How Single-Metre Assays Are Unlocking Gold Potential at Miriam Project
Future Battery Minerals Ltd has reported significant upgrades in gold grades from detailed single-metre assays at its Miriam Project, reinforcing the potential of the Forrest and Canyon prospects in Western Australia.
- Single-metre assays reveal 67-78% grade increases at key Forrest and Canyon intercepts
- Phase 2 drilling completed with 35 holes over 3,700m; assay results expected by mid-November
- Enhanced data supports refinement of mineralised zones and upcoming Mineral Resource Estimate
- Heritage surveys and soil sampling planned ahead of 2026 regional exploration programs
- Company holds A$6.4 million cash and zero debt, well-funded for ongoing exploration
Upgraded Gold Potential at Miriam
Future Battery Minerals Ltd (ASX, FBM) has unveiled compelling results from its Phase 1 drilling program at the Miriam Project, located in the prolific Western Australian Goldfields. By applying single-metre assay techniques to previously collected samples, the company has significantly enhanced the understanding of gold mineralisation at its Forrest and Canyon prospects.
The refined assays have delivered substantial grade uplifts, a 78% increase at Forrest with an intercept now measuring 33 metres at 2.80 grams per tonne gold, including a high-grade 12-metre section at 4.39 grams per tonne. Similarly, Canyon’s key intercept improved by 67%, now showing 18 metres at 0.92 grams per tonne gold, including a 3-metre section at 3.28 grams per tonne.
Implications for Exploration Strategy
These upgraded results validate FBM’s gold exploration approach at Miriam, providing greater confidence in the scale and quality of mineralisation. The detailed single-metre data enables more precise modelling of mineralised zones, which is critical for the upcoming Mineral Resource Estimate (MRE) and for refining drill targeting in future programs.
Phase 2 drilling has recently concluded, comprising 35 reverse circulation holes totaling approximately 3,700 metres across Forrest, Forrest South, and Canyon. Assay results from this campaign are anticipated in early to mid-November, and are expected to further inform the geological model and resource potential.
Broader Project and Funding Context
Future Battery Minerals is also progressing heritage surveys in preparation for 2026 regional exploration activities, alongside soil sampling programs to advance target generation. The company’s strong balance sheet, with A$6.4 million in cash and no debt as of June 2025, positions it well to execute its exploration plans without financial constraints.
Managing Director Nick Rathjen emphasised the significance of the new data, stating that the single-metre assays have not only upgraded key intercepts but also enhanced the understanding of the project’s prospectivity. This bodes well for the imminent resource estimation and the strategic planning of subsequent drilling campaigns.
Outlook for Miriam Project
While the true widths of mineralisation remain to be fully determined, the improved assay results mark a pivotal step in delineating high-grade gold zones at Miriam. The forthcoming Phase 2 assay results and ongoing exploration efforts will be closely watched by investors seeking confirmation of the project’s potential to evolve into a significant gold resource.
Bottom Line?
Enhanced assays at Miriam sharpen the focus on high-grade gold zones, setting the stage for a critical resource update.
Questions in the middle?
- How will Phase 2 assay results compare to the upgraded Phase 1 single-metre assays?
- What impact will the refined geological model have on the scale and classification of the upcoming Mineral Resource Estimate?
- How might heritage and environmental approvals influence the timing and scope of 2026 exploration programs?
