Future Battery Minerals (ASX:FBM) is expanding its current phase three drilling program following a string of ‘outstanding’ results from the Kangaroo Hills Lithium Project (KHLP) in Western Australia.
Reverse circulation (RC) and diamond drilling at the Rocky prospect in the project area has intercepted multiple new stacked spodumene-bearing pegmatites in proximity to the Big Red prospect.
The $47.81 million market capitalisation company says this area has been interpreted as a ‘larger’ stacked system and remains open in all directions. Multiple intercepts have visible spodumene within the pegmatites and are currently awaiting assay results.
Future Battery adds that the intersections have displayed a ‘significant’ increase in the scale of the pegmatite swarm and potential tonnage at the project, which is now confirmed over a 1.2km by 1.5km area and remains open in all directions.
Future Battery has now expanded the phase three reverse circulation (RC) drill program, with a further 6,000m to be drilled at the Rocky prospect and other ‘priority’ neighbouring prospects Wallaroo and Eastern Grey.
The expanded drilling program will aim to further delineate the Rocky pegmatites, testing strike extensions for further thickening of the pegmatites.
Future Battery Minerals Technical Director Robin Cox says: “The initial geological results of the phase three drilling program are a game changer for the scale and potential tonnage of the Kangaroo Hills Project.
Given these encouraging results, the company has moved quickly to expand the current drilling program with a further 6,000m of RC drilling being added. In addition, a diamond drill rig was recently mobilised to site to further test the Rocky prospect and to provide much-needed structural data of this promising system that remains open in all directions.
“The initial geological results of the phase three drilling program are a game changer for the scale and potential tonnage of the Kangaroo Hills Project“
Work to date at the KHLP has successfully discovered shallow high-grade spodumene-bearing pegmatites at Big Red, which has now been identified as a larger system with the addition of the successful Rocky drilling.”
The company’s wholly owned KHLP is a hard rock lithium discovery located in the Goldfields of Western Australia, 17km south of Coolgardie.
Future Battery Minerals is an exploration company focused on discovering key battery minerals including lithium, nickel, and copper in stable pro-mining jurisdictions. The company’s assets include the Nevada Lithium, Kangaroo Hills, Leinster Nickel, Saints Nickel, Nepean Nickel, Bonaventura, Arden, and Torrens East Copper projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Future Battery Minerals
