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Future Battery Minerals Limited (ASX:FBM)

ALERT: Price-sensitive ASX Announcement for FBM
Current share price for FBM : $0.065 0.022 (51.16%)+
Announcement
Release
10 Nov 2025 9:36AM
Price at Release
$0.043
Full Release
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Summary
Future Battery Minerals Ltd (ASX: FBM) announced the results from its Phase 2 Reverse Circulation (RC) drilling program at the 100%-owned Miriam Project in the Western Australia Goldfields. The results reveal an emerging multi-lode gold system at the Forrest prospect with significant oxide and fresh rock mineralization. Highlights include new high-grade gold intercepts such as 12 meters at 12.18 g/t gold and 6 meters at 10.76 g/t gold. These findings extend gold mineralization over 150 meters south and demonstrate a strike length of over 500 meters. The drilling also identified potential for a larger-scale gold system, with several sub-vertical lodes remaining open in multiple directions. Future exploration plans include further drill testing in November 2025 to explore new lodes at Forrest and to refine targets ahead of planned 2026 drill programs. The company is well-funded with A$5.3 million cash and no debt as of 30 September 2025.
Key Points
  • Phase 2 RC drilling results at Miriam Project.
  • Emerging multi-lode gold system at Forrest.
  • High-grade intercepts: 12m @ 12.18 g/t Au and 6m @ 10.76 g/t Au.
  • Gold mineralization extended over 150m south.
  • Potential for a larger-scale gold system with sub-vertical lodes.
  • Future drilling plans to commence in November 2025.
  • Company holds A$5.3 million in cash and no debt as of 30 September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.