Future Battery Minerals Limited (ASX:FBM)

Future Battery Minerals Limited (FBM) reported significant advancements in their gold exploration projects during the September 2025 quarter. The company successfully completed Phase 1 of their Reverse Circulation (RC) drilling program at the Miriam Project, with 21 holes drilled, resulting in several high-grade gold intercepts across the Forrest and Canyon prospects. Following this, an expanded Phase 2 drilling program was launched. FBM's financial activities during the quarter included substantial cash outflows directed towards exploration and evaluation, amounting to A$740,000, and total cash available at the end of the quarter was approximately A$5.31 million. The company maintains a strong financial position with no debt, excluding typical trade creditors, allowing for continued investment in exploration activities. The report also detailed various exploration outcomes, including the identification of potential new mineralised zones and ongoing efforts to expand their portfolio in Western Australia's goldfields.