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Future Battery Minerals Limited (ASX:FBM)

ALERT: Price-sensitive ASX Announcement for FBM
Current share price for FBM : $0.065 -0.004 (-5.80%)+
Announcement
Release
24 Nov 2025 9:19AM
Price at Release
$0.069
Full Release
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Summary
Future Battery Minerals Limited has announced promising results from the Phase 2 drilling at their Miriam project, confirming the potential for a fertile gold system at the Canyon target. The exploration has delineated significant gold intercepts across multiple drill holes, enhancing the company's geological understanding of the area. The mineralization is interpreted as flat-lying lodes, although further drilling is required to confirm the geometry. The company plans additional drilling work scheduled for late November 2025 to further explore and expand the resource base. The results included significant intercepts with gold grades of over 0.3g/t Au, calculated using length-weighted averages, which is considered significant for a gold-bearing system.
Key Points
  • Phase 2 drilling confirms a fertile gold system at Canyon.
  • Significant gold intercepts reported, enhancing geological understanding.
  • Mineralization interpreted as flat-lying lodes; further drilling planned.
  • Additional drill testing scheduled for late November 2025.
  • Significant gold grades over 0.3g/t Au reported.
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.