Mining
Special Report: A 3,000m Phase 4 RC drill program is about to commence at the northern targets of Future Battery Minerals’ Kangaroo Hills lithium project.
Having just received the ministerial nod for its new Conservation Management Plan (CMP) and Program of Work approval for the northern area of its Kangaroo Hills lithium project (KHLP), Future Battery Minerals (ASX:FBM) is targeting extensions of the Big Red prospect after previously hitting high-value lithium mineralisation, including 29m @ 1.36% Li2O from 38m.
Recent resistivity results last year extended the prospective target area to the north of the current defined Big Red mineralisation zone by up to 2.2km north-south.
FBM also found two additional, connected prospective anomalies along strike which it calls Big Red North.
They also enlarged and refined the Western Grey and Quokka targets and identified another two targets to the west of Big Red, Big Red West and Whiptail.
The initial focus of the Phase 4 drilling will test an interpreted northern continuity of the shallow, thick, gently-dipping and high-grade lithium mineralisation intersected at Big Red, including hits of:
Further diamond drilling for Big Red, ongoing metallurgical test work and resource definition drilling will be conducted ahead of FBM’s delivery of a maiden mineral resource estimate (MRE) for KHLP, expected in Q4 this year.
Other key northern targets to be tested include high-potential optimised resistivity anomalies at the Western Grey, Quokka and Big Red West prospects.
FBM managing director Nick Rathjen says with the approval of the POW for the northern KHLP area, it’s now time to start drilling.
“The RC drill rig is expected to start turning on site later this week and we are excited about the opportunity to test these high-potential targets,” Rathjen says.
“First stop is the interpreted northern extension of the impressively high-value lithium mineralisation identified at Big Red – which remains wide open along strike to the north and at depth.
“Successful extension of this thick, high-grade deposit has the clear potential to add substantial further value to Big Red and the overall KHLP.
“In addition to Big Red Extension, the northern part of the KHLP also offers several other high-potential regional resistivity anomaly targets including Western Grey, Quokka, Whiptail, Big Red West and Big Red North prospects.
“Kangaroo Hills offers so many project commercialisation advantages given its excellent location in the WA Goldfields, available road access, and proximity to substantial existing regional infrastructure.
“It is also surrounded by other substantial lithium deposits and mines that offer a ready perspective on what it might become as a future project development.”
This article was developed in collaboration with Future Battery Minerals, 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.
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