Future Battery Minerals Unveils New High-Grade Gold Lodes at Forrest
Future Battery Minerals has reported significant high-grade gold assay results from its Phase 2 drilling at the Miriam Project, revealing an expanding multi-lode gold system at Forrest with mineralisation now extending over 500 metres.
- Phase 2 drilling confirms multiple high-grade gold lodes at Forrest prospect
- New intercepts include 12m at 12.18 g/t gold, the highest gram-metre result to date
- Gold mineralisation extends over 500m strike and remains open in multiple directions
- Phase 3 drilling scheduled for late November to further test extensions
- Company well-funded with A$5.3 million cash and zero debt, pending rebrand to Ore Resources Ltd
Emerging Multi-Lode Gold System at Forrest
Future Battery Minerals Ltd (ASX, FBM) has announced compelling assay results from the first 24 holes of its Phase 2 reverse circulation drilling program at the Miriam Project in Western Australia's prolific Goldfields region. The drilling focused primarily on the Forrest prospect, where the company has identified a dynamic and expanding multi-lode gold system.
The results reveal extensive mineralisation in both oxide and fresh rock zones, with gold now traced over a strike length exceeding 500 metres. Notably, the intercept of 12 metres grading 12.18 grams per tonne gold from 48 metres depth represents the highest gram-metre intercept recorded at Miriam to date, underscoring the prospect's growing significance.
Extending Mineralisation and High-Grade Zones
Drilling has successfully extended known gold mineralisation approximately 150 metres southwards, with multiple thick, high-grade lodes identified. These include a standout intercept of 6 metres at 10.76 g/t gold from 131 metres within a broader 25-metre zone. The mineralised system appears to consist of stacked, sub-vertical lodes that remain open along strike and at depth, suggesting substantial potential for further resource growth.
To the north, the shallow oxide gold lodes have also been extended, with intercepts such as 21 metres at 1.00 g/t gold from 18 metres, including higher-grade intervals. These findings complement earlier Phase 1 results and reinforce the continuity of the mineralised system closer to surface.
Next Steps and Broader Exploration Plans
Future Battery Minerals plans to commence its Phase 3 drilling program in late November, aiming to follow up on these encouraging results and test the newly identified lodes at Forrest. Meanwhile, assay results from the Canyon prospect, another target within the Miriam Project, are expected shortly, which could further enhance the project's outlook.
Heritage surveys have been completed over the northern half of the Miriam Project, enabling access to several regional prospects. A soil sampling campaign is set to begin soon to refine these targets ahead of planned drilling in the first half of 2026.
Financially, the company is well-positioned to execute its exploration strategy, holding A$5.3 million in cash with no debt as of 30 September 2025. Additionally, a corporate rebranding to Ore Resources Ltd (ASX, OR3) is pending shareholder approval, signaling a new chapter for the company as it advances its gold and lithium assets.
Implications for the Miriam Project
The Phase 2 drilling results significantly enhance the understanding of the Forrest prospect, transforming it from a primarily oxide gold system to a larger, higher-grade, multi-lode system with considerable strike potential. This evolution could materially increase the project's resource base and economic viability, positioning Future Battery Minerals as a notable player in the Eastern Goldfields.
Bottom Line?
With high-grade gold lodes expanding and Phase 3 drilling imminent, the Miriam Project’s potential is entering a promising new phase.
Questions in the middle?
- What will the pending assay results from the Canyon prospect reveal about the broader Miriam system?
- How will the upcoming Phase 3 drilling refine the geological model and resource estimates at Forrest?
- What impact will the corporate rebranding to Ore Resources Ltd have on investor perception and market positioning?
