A Phase 3 RC drilling program to test the new targets will start soon. Pic via Getty Images.
Mining
Future Battery Minerals has announced that multiple new large scale spodumene pegmatite targets have been identified at the Kangaroo Hills Lithium Project (KHLP) in Western Australia.
Future Battery Minerals (ASX:FBM) has announced on-going target generative work has identified multiple new large scale LCT pegmatite targets at KHLP to be drill tested over coming exploration phases.
Seven large scale targets, with a combined total strike length of more than 3km, have been identified from the company’s on-going target generative field and geophysical work to date.
The Big Red Prospect, which hosts recently discovered thick high-grade spodumene pegmatite, is shown to be coincident with a large scale ~1km strike length resistivity anomaly, providing strong potential for targeted drilling to expand on the previous intercepts.
Prospects have been identified via analysis of regional scale geophysical, geochemical, and mapping work including:
A Phase 3 reverse circulation (RC) drilling program to test the multiple new targets is set to kick off shortly.
FBM said assays for ~23 holes from Phase 2 drilling at the Big Red discovery remain outstanding with follow up drilling to start on completion of permitting which is expected to be received shortly.
Passive seismic and ground gravity trial is currently underway.
FBM Technical Director Robin Cox said the target generation work completed to date has successfully identified seven prospect scale targets within the KHLP.
“Specifically, the thick mineralisation intercepted in April 2023 has been named the Big Red Prospect and shows strong potential to extend west and north,” he said.
“This generative work reviewed multiple layers of data, including geophysics, geochemistry, mapping, and drill hole data to produce these high priority drill targets.
“While target generation remains an important and on-going exercise in the exploration of the KHLP, the FBM team has prioritised a new exciting Phase 3 RC drilling programme on several of these named prospects, with a commencement date to be notified shortly.”
Meanwhile, FBM also announced this week a Phase 2 reverse circulation (RC) drill program at its 80% owned Nevada Lithium Project (NLP) has started.
The Phase 2 drilling program will target three primary prospects – consisting of Lone Mountain, Western Flats and Heller – within the Nevada project area.
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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