Asian Battery Metals Reports 16 New Drillholes Confirming Mineralisation Extensions
Asian Battery Metals PLC advances its flagship Oval Cu-Ni-PGE discovery with Phase 3 drilling confirming mineralisation extensions and strong copper recoveries, while expanding its portfolio through a strategic option on the Maikhan Uul Cu-Au project.
- Phase 3 drilling at Oval confirms mineralisation extensions and depth continuity
- High copper recoveries of 89-95% achieved in initial metallurgical tests
- Exclusive six-month option secured for Maikhan Uul Cu-Au VMS project
- New Bayan Sair tenement granted, expanding regional footprint
- Completed SAMSON EM survey identifies multiple high-priority geophysical targets
Continued Momentum at Oval Cu-Ni-PGE Discovery
Asian Battery Metals PLC has reported significant progress in its September 2025 quarter activities, notably advancing the Phase 3 drilling program at its flagship Oval copper-nickel-platinum group elements (Cu-Ni-PGE) project in Mongolia. The additional 16 drillholes, totaling over 2,500 metres, have confirmed extensions of mineralisation both along strike and at depth, reinforcing the potential of the Oval magmatic sulphide system.
Key drillholes such as OVD042 intersected nearly 90 metres of mineralised mafic-ultramafic intrusion from near surface, including massive sulphide intervals, while others like SC011 revealed disseminated sulphides at depths approaching 400 metres. These results collectively underscore the dynamic nature of the mineralising system and its potential to host economically viable deposits.
Strong Metallurgical Performance Supports Project Viability
Complementing the drilling success, initial metallurgical test work conducted by ALS Metallurgy in Perth has confirmed excellent copper recoveries ranging from 89% to 95% in concentrate. These results were achieved despite relatively modest copper head grades, indicating favourable mineral liberation and flotation characteristics. Nickel recoveries are also promising, with ongoing test work aimed at further optimisation.
Strategic Expansion with Maikhan Uul Option and Bayan Sair Tenement
In a strategic move to broaden its copper-focused portfolio, Asian Battery Metals secured an exclusive six-month option agreement to acquire the Maikhan Uul copper-gold volcanogenic massive sulphide (VMS) project. Located approximately 8 kilometres west of Oval, Maikhan Uul has historical drilling evidence of near-surface mineralisation and is currently undergoing due diligence drilling ahead of potential acquisition.
Additionally, the company was granted the Bayan Sair exploration licence, covering over 3,300 hectares south of the Yambat project. This new tenement encompasses regional magnetic highs and conductive plates identified in recent SAMSON electromagnetic (EM) surveys, highlighting its exploration potential.
Comprehensive Geophysical Survey and Regional Exploration
The SAMSON EM survey, completed in September and covering key targets including Oval, MS1, Copper Ridge, Maikhan Uul, and Bayan Sair, identified multiple high-priority conductive plates. These geophysical anomalies correlate with strong magnetic signatures and remain largely untested, setting the stage for targeted drilling campaigns in the December 2025 quarter and beyond.
Regional exploration efforts continue to expand the company’s footprint, with the Copper Ridge Cu-Au project also receiving attention through drilling and geophysical surveys. These activities align with Asian Battery Metals’ strategy to identify district-scale deposits that could underpin future mining operations.
Financial Position and Outlook
Asian Battery Metals closed the quarter with $2.264 million in cash and has since completed a $6 million equity placement, bolstering its capacity to fund ongoing exploration and due diligence activities. The company invested approximately $1.156 million in exploration and evaluation during the quarter, including drilling, geophysical surveys, and technical consulting.
Looking ahead, the December 2025 quarter will see continued Phase 3 drilling and downhole electromagnetic surveys at Oval and Copper Ridge, alongside due diligence drilling at Maikhan Uul. The company also plans to report pending assay results and complete further metallurgical testing, critical steps toward advancing these projects.
ESG and Community Engagement
Asian Battery Metals maintained a strong focus on environmental, social, and governance (ESG) initiatives, including cultural heritage studies and community engagement at the Bayan Sair tenement. The company also contributed to local social infrastructure, such as renewing a children’s playground, and actively participated in Mongolia’s Mining Week 2025, fostering positive relationships with local authorities and stakeholders.
Bottom Line?
With robust drilling results and strategic acquisitions underway, Asian Battery Metals is poised to deepen its footprint in Mongolia’s copper-nickel sector, though pending assays and due diligence will be key to validating its growth trajectory.
Questions in the middle?
- What will the pending assay results reveal about the grade and economic potential of the new drillholes?
- How will the due diligence outcomes influence the potential acquisition of the Maikhan Uul project?
- Can metallurgical test work further improve nickel recoveries to enhance project economics?
