Future Battery Minerals (ASX:FBM) added 36 new claims to its Nevada Lithium Project in the US during the June quarter.
The $51.34 million market capitalisation company states in its latest quarterly activities report that the new claims are located on the western margin of the 2 prospect areas, increasing the opportunity to find further mineralisation.
Future Battery notes that its planned phase two reverse circulation (RC) drilling program in the area will be testing this newly staked ground.
So far, 3,000m of RC drilling has been completed at the Western Flats and Lone Mountain prospects, aimed to target extensions to lithium claystone intercepted from the phase one drill program.
Future Battery is still awaiting the assays from the drill program.
Further, planning and permitting for a phase three drill program in the area is anticipated to be conducted during the September quarter 2023.
At the Kangaroo Hills Lithium Project in Western Australia, Future Battery is advancing exploration activities.
The company reports the final assays have been received from its phase one and two drill programs, which were completed before the end of the June quarter of 2023.
‘Significant’ results recorded include drillhole KHRC017 with 27m @ 1.32% Li2O from 64m, including 4m @ 2.5% Li2O from 80m; and drillhole KHRC030 with 13m @ 1.23% Li2O from 41m.
Future Battery Minerals is an ASX-listed exploration company focused on the exploration of key battery minerals such as lithium, nickel, and copper.
On 30 June 2023, the company had $3.04 million cash at hand.
Write to Aaliyah Rogan at Mining.com.au
Images: Future Battery Minerals Ltd