Asian Battery Metals grows Yambat camp-scale potential with more high-grade copper, nickel hits

• Asian Battery Metals’ drilling has increased confidence in a camp-scale system at Yambat in Mongolia
• Final assays from phase 3 drilling returned high-grade copper and nickel at the Oval and North Oval areas
• Surveys and interpretation underway to set the stage for further drilling

Special Report: Final phase 3 assays have confirmed multiple, high-grade copper-nickel massive sulphide zones at the Oval discovery that increase confidence in a camp-scale system at Asian Battery Metals’ Yambat project in Mongolia.

Hole OVD036 extended the high-grade zone 130m down-dip of the previous massive sulphide intercept in OVD025 at North Oval after returning 8.7m grading 2.44% copper, 1.52% nickel, 1.4g/t E3 (platinum, palladium and gold) and 0.06% cobalt from 112.8m, including 2m at 3.72% Cu and 3.82% Ni from 113.3m.

Drilling also confirmed the northwest extension of high-grade massive sulphides intersected in holes OVD021 and OVD027 at the Oval discovery with OVD040 returning 6.9m at 3.49% Cu, 3.61% Ni, 0.76g/t E3 and 0.14% Co from 93.5m within a broader zone of 70.2m at 0.65% Cu, 0.65% Ni, 0.18g/t E3 and 0.03% Co from 49m.

Adding further interest for Asian Battery Metals (ASX:AZ9), the results from OVD038 and OVD039 suggest that semi-continuous mineralisation is present over a strike of more than 800m including the North Oval and the Oval gabbroic intrusions.

Meanwhile, the intersection of trace platinum group elements and sulphide mineralisation at MS1 has confirmed the fertility of the magmatic system and exploration potential for new discovery zones.

“These results continue to demonstrate the strength of the mineralised system at Yambat,” AZ9 managing director Gan-Ochir Zunduisuren said.

“High-grade zones at Oval and North Oval are now confirmed to extend both at depth and along strike.”

Phase 3 drilling

The phase 3 program consisted of 16 holes totalling 2938.9m drilled across the wider Yambat tenement.

These returned significant nickel, copper and PGE grades within previously reported visual massive sulphide intercepts that improved confidence in the continuity of high-grade zones at shallow depths.

Drill results at Oval as well as new regional drilling at MS1 and MS2 have also highlighted the project’s potential as a camp-scale, high-tenor magmatic sulphide system.

AZ9 noted the results from OVD036 demonstrated the effectiveness of geophysical targeting using downhole electromagnetic data.

Regional drilling at MS1 returned relatively high platinum and palladium results, which is typical of low sulphide, PGE rich deposits and may indicate that MS1 is a deeper intrusion in the system and has high PGE potential.

Hole SC07 has not tested the geology of the more attractive basal and footwall marginal parts of the intrusion.

Meanwhile, hole SC06 in MS2 failed to intersect mineralisation though the mineral assemblage and properties of the gabbro intrusive rock were confirmed by geochemical analysis to be similar to the unmineralised Oval gabbro encountered in the upper part of drill hole OVD009.

Watch: Gan-Ochir Zunduisuren joins Stockhead TV

Next steps

AZ9 is carrying out a SAMSON FLEM survey at MS1 to determine whether conductors are present in this area of the intrusion or provide support for disseminated mineralisation to aid future drill targeting.

It is a higher priority area for the expansion of drilling in the future.

The company has also started a high-resolution magnetic survey to investigate the potential for deep or offset mineralisation at MS2.

Other work includes an initial metallurgical test program that’s expected to be completed in the first half of the September 2025 quarter along with the interpretation and design of the next stage of drilling.

The company expects to restart drilling within 4-6 weeks.

This article was developed in collaboration with Asian Battery Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.