FBM Uncovers Massive Gold Trends at Randalls, Eyes Major Exploration Upside

Historical Data Reveals Untapped Potential

Future Battery Minerals Ltd (ASX, FBM) has completed a comprehensive review of over two decades of historical exploration data at the Randalls Gold Project, located in the prolific Western Australian Goldfields. This follows FBM securing an exclusive six-month option to acquire 100% ownership of the project from Miramar Resources. The review highlights multiple large-scale gold mineralised trends aligned with the Randalls Fault, a significant regional structure stretching approximately 30 kilometres.

Despite the scale of these trends, historical drilling was predominantly shallow, employing Rotary Air Blast (RAB) and Aircore (AC) methods with wide line spacing of up to 500 metres. Limited Reverse Circulation (RC) drilling and tighter-spaced sampling have been conducted, leaving many targets underexplored. Notably, several gold intercepts of economic interest were recorded, including 8 metres at 3.1 grams per tonne (g/t) gold near surface at Lone Pine Dam, and 2 metres at 5.55 g/t at Campese.

Strategic Exploration Plans and Geophysical Advances

FBM is advancing the Randalls project with a proven, cost-effective exploration strategy similar to its successful Miriam Project nearby. The company has initiated detailed litho-magnetic geophysical interpretation to better understand the underlying bedrock structures controlling gold mineralisation. These results, expected by December 2025, will guide targeted drilling campaigns aimed at upgrading and expanding known gold zones.

Heritage negotiations with Native Title Parties are underway to facilitate the grant of exploration tenements, particularly for the southern Randalls tenure area, which covers prospective Banded Iron Formation (BIF) geology analogous to Vault Minerals’ Mt Belches deposit. This area remains largely untested by modern exploration techniques, presenting a compelling opportunity for discovery.

Complementary Assets and Strong Financial Position

The Randalls Gold Project complements FBM’s existing Coolgardie Gold Project, where assay results from recent Phase 2 RC drilling at Miriam are imminent. The proximity of Randalls to established mining hubs and processing plants, including Kalgoorlie and Vault Minerals’ Randalls gold process plant, offers multiple pathways for potential development and commercialisation.

FBM enters this next phase well-capitalised, with a cash balance of A$5.3 million and no debt as of September 2025, ensuring the company is well-positioned to fund its exploration activities through 2026.

Managing Director Nick Rathjen emphasised the immediate exploration upside, noting the scale of mineralised trends and the underexplored nature of the project. The company’s systematic approach aims to rapidly validate and extend gold targets, leveraging modern geophysical tools and focused drilling.