After cashing in on the sale of its Nepean Nickel Project earlier this month for a cool $10m, Future Battery Minerals has dug up some impressive drilling numbers at its Kangaroo Hills lithium project.

The drilling intersected further multiple, near surface thick spodumene bearing pegmatite intersections at widths of up to 23.8m, giving further confidence to planned Phase 3 exploration work.

The diamond drilling is a follow-up to the company’s April Phase 2 RC drilling to infill the RC drill holes and provide core samples of the pegmatite for metallurgical and mineralogical test work.

5 holes were drilled for 313 metres to test previous RC drilling and produced high-grade intercepts of 27m @ 1.32% Li2O and 29m @ 1.36% Li2O.

Those drill cores were sent off for testing and results are pending, together with assays from the remaining 23 drill holes from Phase 2.


Future Battery ASX FBM
Assays from Phase 2 drilling at Kangaroo Hills. Pic: Supplied (FBM)


“Given the early exploration success at Kangaroo Hills, FBM moved quickly to diamond drilling in order to understand the potential of this significant discovery,” Future Battery Minerals (ASX:FBM) technical director Robin Cox said.

“The DD core samples give our geological team the ability to observe the pegmatite mineralisation with a level of detail not possible in RC drill chips and allows for the accurate logging of the Li mineral spodumene, which has been identified as the dominant lithium mineral in fresh rock.

“Ultimately, the cores will be utilised in early-stage metallurgical test work along with ongoing detailed mineralogical assessments.”

Upcoming work at KHLP includes target generative geophysics and metallurgical testing as the company simultaneously plans Phase 3.



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.