Investor Presentation
Released
Released
Announcement PDF
FUTURE
BATTERY
MINERALS
INVESTOR PRESENTATION
May 2024
ASX: FBM
IMPORTANT NOTICES
Disclaimer
Competent Persons Statement
ASX Listing Rule Information
The exploration targets or conceptual exploration targets in this presentation or expressed
during the course of this presentation are subject to completion of the necessary feasibility
studies, permitting and execution of all necessary infrastructure agreements. In relation to
any statements pertaining to future exploration targets or conceptual exploration targets,
the nature of the exploration target means that the potential quantity and grade is
conceptual in nature. This presentation and information, opinions or conclusions
expressed in the course of this presentation should be read in conjunction with Future
Battery Mineral’s other periodic and continuous disclosure announcements lodged with
the ASX, which will be available on the Future Battery Minerals website.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original
market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters
underpinning the estimates in the original market announcements continue to apply and have not materially changed. The Company
confirms that the form and context in which the competent persons findings have not been materially modified from the original
announcement.
The information in this report that relates to Exploration Results is based on information
compiled by Mr Robin Cox and represents an accurate representation of the available data.
Mr Cox (Member of the Australian Institute of Mining and Metallurgy) is the Company’s
Chief Geologist and has sufficient experience that is relevant to the style of mineralisation
and type of deposit under consideration and to the activity being undertaken to qualify as a
Competent Person as defined in the JORC Code 2012. Mr Cox consents to the disclosure
of this information in this report in the form and context in which it appears.
The information in this release that relates to Mineral Resources for the Saints Project and
the Nepean Nickel Project is based on information compiled by Mr Shaun Searle who is a
Member of the Australasian Institute of Geoscientists. Mr Searle is an employee of
Ashmore Advisory Pty Ltd and independent consultant to Future Battery Limited. Mr Searle
has sufficient experience, which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he has undertaken to qualify as a
Competent Person as defined in the 2012 Edition of the ‘Australasian Code for the
Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Searle
consents to the inclusion in this report of the matters based on this information in the form
and context in which it appears.
The information in this report that relates to Mineral Resources for the Leinster Project was
reported by Breakaway Resources Ltd to the ASX on 14th April 2008 under JORC Code
2004 (refer https://www.asx.com.au/asxpdf/20081024/pdf/31d3x55rpn6dxy.pdf). A
Competent Person (as defined in the JORC Code 2012) has not done sufficient work to
classify this Mineral Resource in accordance with JORC Code 2012. The information in this
report in relation to Mineral Resources for the Leinster Project is an accurate
representation of the available data and studies for the project which have been compiled
by Mr Robin Cox. Mr Cox is the Company’s Technical Director and has sufficient
experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken to qualify as a Competent Person as
defined in the JORC Code 2012. Mr Cox consents to the disclosure of this information in
this report in the form and context in which it appears.
Future Battery Minerals Ltd
ASX announcement reference:
Big Red Extends and New Discovery at KHLP
15 May 2024
Key Target Generation Advancing at Miriam Lithium Project
23 April 2024
Outstanding Maiden Mineral Resource at Nevada Li Project
15 April 2024
Acquisition of Miriam Lithium Project
25 March 2024
Phase 4 Kangaroo Hills Drilling Commence
11 March 2024
Large Scale Strike Extension Delivered at NLP
7 March 2024
Northern Kangaroo Hills Drilling Set to Commence
5 March 2024
New Conservation Management Plan for KHLP Approved
28 February2024
Outstanding Metallurgical Results from Kangaroo Hills
5 February 2024
Final Assays from Phase 3 Drilling at Kangaroo Hills
30 January 2024
High Grade Intervals Confirm Significant Extension of NLP
22 January 2024
Further Resistivity Results Deliver New Targets at KHLP
18 December 2023
Nev Power joins as Non-Executive Director
21 November 2023
Shallow High-Grade Lithium Intercepts at Kangaroo Hills
16 November 2023
Kangaroo Hills High-Grade Lithium System Continues to Grow
17 October 2023
Resource Drilling Underway at Nevada Lithium Project
3 October 2023
Aggressive Lithium Exploration Programmes Continuing
21 September 2023
$7.6m Placement to Accelerate Lithium Exploration Drilling
15 September 2023
Further Spodumene Bearing Pegmatites Intercepted at KHLP
12 September 2023
Managing Director and CEP Appointment
11 September 2023
New Stacked Spodumene Bearing Pegmatites Confirmed at KHLP
24 August 2023
Acquisition of 20% Interest in Kangaroo Hills Completed
11 August 2023
FBM Acquires Remaining Interest in Kangaroo Hills
7 August 2023
Large Scale lithium Discovery Confirmed in Nevada
4 August 2023
Further High-Grade Lithium Results at Kangaroo Hills
18 July 2023
Potential Extensions to Li Claystone Identified in Nevada
13 July 2023
Drilling Underway at Kangaroo Hills Lithium Project
4 July 2023
More High Grade Lithium Assays, New Pegmatite Uncovered
22 June 2023
Completion of Nepean Nickel Project Sale
15 June 2023
7 New Large Scale LCT Pegmatite Lithium Targets Identified
08 June 2023
Phase 2 Drilling to commence at Nevada Lithium Project
23 May 2023
Metallurgical Testwork to commence at Kangaroo Hills
19 May 2023
Further Thick Spodumene Intersections at Kangaroo Hills
17 May 2023
Multiple High Grade Assay Results Extend Lithium Discovery
03 May 2023
Exploration Update - Kangaroo Hills Lithium Project
20 April 2023
High Grade Lithium Claystone Discovered in Nevada
13 April 2023
Saints Nickel Project Delivers Positive Scoping Study
11 April 2023
Phase 2 Exploration Drilling Underway at Kangaroo Hills
LCT – Pegmatite Discovery Confirmed at Kangaroo Hills
Exploration Update – Nevada Lithium Project
Exploration Update – Kangaroo Hills Lithium Project
Drilling Commences at Nevada Lithium Project (NLP)
Drilling Commences at Kangaroo Hills Lithium Project
LCT Pegmatites Confirmed at Kangaroo Hills
Strategic Claim Staking Increases Footprint At NLP
High Grade Lithium Discovered at Nepean
Nepean Nickel Project – Exploration Update
Rock-chip Results Confirm Rare Earths Potential at Arden
Nevada Lithium Project Update
Rare Earths Exploration Commences at Arden
Saints Nickel Project – Resource Update
Saints Project Update
Auroch Completes Acquisition of the Nevada Lithium Project
Further High-grade Nickel Sulphides At Saints
Drilling Commences at the Leinster Nickel Project
Auroch to Acquire US Lithium Project
Drilling Intersects Lithium Mineralisation at Nepean
High-grade Nickel Intersected at Saints
IP Survey Identifies Priority Drill Targets at Nepean
Saints Diamond Drilling Underway
Exploration Commences for 2022
Lithium Mineralisation Confirmed at Nepean
Nickel Sulphides Intersected in Nepean Deeps Drilling
Ground IP Survey Underway at Nepean
Diamond Drilling to Commence at Ragless Range Zinc Target
Multiple High Priority Drill Targets Identified At Nepean
Nepean and Saints Scoping Studies Underway
Underwriting to Fund Expanded Nepean Deeps Drilling
Results Define New High-priority Drill Targets at Leinster
05 April 2023
20 March 2023
07 March 2023
21 February 2023
23 January 2023
18 January 2023
16 January 2023
12 January 2023
24 November 2022
15 November 2022
19 October 2022
15 September 2022
17 August 2022
10 August 2022
7 July 2022
8 June 2022
5 May 2022
3 May 2022
20 April 2022
7 April 2022
9 March 2022
10 February 2022
25 January 2022
07 January 2022
08 December 2021
25 November 2021
17 November 2021
25 October 2021
20 October 2021
01 September 2021
19 August 2021
11 August 2021
ASX: FBM | 2
TWO EXCITING LITHIUM DISCOVERIES IN 12 MONTHS
1
2
AUSTRALIA
KANGAROO HILLS AND MIRIAM
LITHIUM PROJECTS
WESTERN
AUSTRALIA
U.S.A.
NEVADA
NEVADA LITHIUM PROJECT
RENO
KALGOORLIE
CARSON CITY
COOLGARDIE
PERTH
NORSEMAN
TESLA GIGAFACTORY NEVADA
KANGAROO HILLS AND MIRIAM LITHIUM PROJECTS
High-grade LCT pegmatite discovery
31m at 1.13% Li2O, including 20m at 1.43% Li2O
TONOPAH
NEVADA LITHIUM PROJECT
Large-scale initial Mineral Resource Estimate
1.5 Bt at 783 ppm Li for 6.2 Mt LCE
Refer to FBM ASX announcements on 15 May 2024 and 15 April 2024
Future Battery Minerals Ltd
ASX: FBM | 3
CORPORATE OVERVIEW
ASX: FBM
CAPITAL STRUCTURE
Share price1
EXISTING SHAREHOLDERS
A$0.050
Total shares on issue2
639M
Options and performance rights2
80M
Market capitalisation (undiluted)
A$35M
Cash3
A$7M
Debt
A$0M
Enterprise value (undiluted)
A$28M
2%
SHARE PRICE CHART
0.16
9%
0.14
5%
2%
0.12
5%
0.10
0.08
0.06
77%
0.04
0.02
Board and management
Institutional
Hanock Prospecting
Corporate
Brokers
Other
0.00
Nov 22
Feb 23
May 23
Aug 23
Nov 23
Feb 24
1. At 6 May 2024
2. At 14 May 2024
3. Proforma Cash balance as at 31 March 2024, including $5.75m Tranche 1 (before costs) and $137,500 funds remaining for Tranche 2
Future Battery Minerals Ltd
ASX: FBM | 4
BOARD AND MANAGEMENT
Experienced team executing FBM’s advancement strategy
NEV POWER
NICK RATHJEN
ROBIN COX
MIKE EDWARDS
SILFIA MORTON
Non-Executive Chairman
CEO and Managing Director
Technical Director
Non-Executive Director
Company Secretary and CFO
Geologist and Economist with over
25 years’ experience in senior
management roles within both the
public and private sectors.
Previous Barclays Australia in their
Commercial and Corporate Finance
department before returning to
university to complete a Bachelor of
Science Geology.
Eight years as an Exploration and
Mine Geologist, with a focus on
Archaean gold and base metals.
Previously Non-Executive Chairman
of Firefly Resources Limited
(ASX:FFR) which successfully
merged with Gascoyne Resources
Limited (ASX:GCY).
Highly regarded senior executive
with 40+ years’ experience across
mining, minerals processing,
construction and steel making.
Appointed to lead the National
COVID-19 Coordination
Commission (NCCC) during the
pandemic.
From 2011 to 2018 Managing
Director and CEO of Fortescue
Metals Group (ASX:FMG), one of the
world’s largest and lowest cost
producers of iron ore.
Previously Chief Executive positions
at Thiess and Smorgon Steel Group.
Future Battery Minerals Ltd
Commercial executive with more
than a decade in equity capital
markets, corporate development
and mineral marketing, with
extensive experience in the lithium
sector.
Previously Head of Corporate
Development at Canadian lithium
developer Green Technology Metals
Ltd (ASX: GT1) and Head of
Corporate Development at Prospect
Resources Limited (ASX: PSC).
Master of Applied Finance,
Bachelor of Commerce, Diploma of
Investor Relations and graduate of
the Australian Institute of Company
Directors (AICD).
Exploration geologist with over 14
years’ experience in the
management of green and brown
fields exploration.
Previously held project and senior
positions in a number of ASX listed
companies.
His expertise in mineral exploration
has resulted in multi commodity
experience including nickel, lithium,
gold and uranium in various
mineralisation styles and models.
Chartered Accountant with a
Masters Degree in Commerce,
specialising in financial
management, financial reporting
services and risk compliance and
management.
Served as CFO and company
secretary for a number of ASX listed
and unlisted public companies.
Twelve years' experience as senior
audit manager at one of the leading
international Audit, Tax & Advisory
firms, focused on engagements
across the mining, technology and
manufacturing sectors.
ASX: FBM | 5
1
KANGAROO HILLS
LITHIUM PROJECT (100%)
Future Battery Minerals Ltd
ASX: FBM | 6
IN EXCELLENT COMPANY
KALGOORLIE
MANNA
36.0 Mt @ 1.13% Li2O
Situated in the lithium-endowed W.A. Goldfields
COOLGARDIE
MT MARION
LOCATED JUST 17KM
SOUTH OF COOLGARDIE
64.8 Mt @ 1.42% Li2O
KANGAROO HILLS AND
MIRIAM LITHIUM PROJECTS
BALD HILL
PROXIMATE TO WELL
ESTABLISHED INFRASTRUCTURE
INCLUDING SEALED ROAD ACCESS
PLUS MULTIPLE LITHIUM
OPERATIONS
26.5 Mt @ 1.00% Li2O
FARADAY
2.0 Mt @ 0.69% Li2O
DOME NORTH
MT HOLLAND1
11.2 Mt @ 1.21% Li2O
189.0 Mt @ 1.5% Li2O
KANGAROO HILLS LITHIUM
PROJECT IS PROVEN TO
POSSESS SHALLOW,
THICK, HIGH-GRADE
LITHIUM-CAESIUM-TANTALUM
PEGMATITES
BULDANIA
MT DAY
15.0 Mt @ 1.0% Li2O
NORSEMAN
SINCLAIR
MT DEANS
Refer Appendix A for full resource details.
1. Mount Holland Mineral Resource Estimate shown,
the lithium mine has been estimated to contain
94.5Mt at 1.5% Li2O Proven and Probable Reserves
Future Battery Minerals Ltd
LAKE JOHNSTON
0
50km
ASX: FBM | 7
A TRANSFORMATIONAL LCT DISCOVERY
Wide, high-grade, near-surface Li2O intersections
REMAINS
WIDE OPEN
TO THE NORTH
AND AT DEPTH
Refer to FBM ASX announcements on && May 2024, 30 January 2024 and 18 December 2023
Future Battery Minerals Ltd
ASX: FBM | 8
PHASE 4A DRILLING SUCCESS
Results from RC program delivered extensional success at Big Red plus new Potoroo discovery
Drilling was designed to test the northern continuity of Big Red
and other high-potential resistivity targets
Program comprised 15 RC holes for 2,630m
Results confirmed northern continuity of Big Red with high-grade
intercepts returned:
31m at 1.13% Li2O from 86m, including;
20m at 1.43% Li2O from 88m (KHRC166)
12m @ 1.02% Li2O from 52m (KHRC164)
Further step out drilling in northern resistivity targets intercepted
new pegmatites (referred to as Potoroo discovery)
14m at 1.04% Li2O from 108m (KHRC178)
8m at 0.51% Li2O from 155m (KHRC172)
Phase 4B programme planned for a further 3,000m of drilling,
testing both the interpreted north-east extension of Big Red
and the newly discovered pegmatites at Potoroo
Refer to FBM ASX announcement 15 May 2024
Future Battery Minerals Ltd
ASX: FBM | 9
MINERALISED SYSTEM BROADENED
Stacked, mineralised system defined across Big Red, Rocky and Potoroo
BIG RED PROGRESSIVELY
EXPANDED
WITH FURTHER DRILLING IDENTIFYING
NUMEROUS MINERALISED SEMI-PARALLEL
PEGMATITES INCLUDING THE
ROCKY AND POTOROO
Refer to FBM ASX announcements on && May 2024
Future Battery Minerals Ltd
TARGETS
ASX: FBM |10
OUTSTANDING INITIAL METALLURGICAL RESULTS
With additional optimisation to offer further potential recovery enhancement
Test results confirm spodumene is the
predominant lithium mineral (~90% of
the Li2O) in Big Red pegmatite
Demonstrates Big Red is readily
amenable to conventional Dense Media
Separation and Froth Flotation
separation techniques
Hybrid flowsheet design (DMS + float)
expected to maximise process
outcomes
Next phase metallurgical test work to
follow Phase 4 drilling at Kangaroo Hills
HLS staged recovery results
Mags
Slimes
Global Floatation Concentrate Recovery (%Li2O)
Grade
(Li2O)
Recovery
(%Li2O)
Grade
(Li2O)
Recovery
(% Li2O)
@ 6.0% Li2O
@ 5.5% Li2O
@ 5.0% Li2O
1.09
14.92
2.27
1.72
69.03
76.94
78.07
Whole-of-Ore Flotation global results
Refer to FBM ASX announcement 5 February 2024
Future Battery Minerals Ltd
ASX: FBM | 11
1
MIRIAM
LITHIUM PROJECT (85%)
Future Battery Minerals Ltd
ASX: FBM | 12
MIRIAM PROJECT OVERVIEW
Multiple pegmatite outcrops with proven spodumene mineralisation
Located approximately 10 km south-southwest of Coolgardie and
immediately north and contiguous to Kangaroo Hills Lithium Project
Covers an area of approximately 6 km by 1.5 km comprising four
Prospecting Licences (P15/61356 to P15/6139 inclusive) and one
Prospecting Licence application (P15/6135)
Historic large lithium soil anomaly identified extending from an
outcropping spodumene-rich pegmatite
Lithium target defined by weathered rock samples returning
up to 1.85% Li2O1
Primary target is approximately 1.6 km in strike, with a second
trend spanning approximately 600 metres2
The absence of historic drilling for lithium at the Miriam Project
provides a significant opportunity for future exploration success
1 Refer to CZN ASX Announcement on 17 January 2023 – High Grade Lithium at Miriam Project in Western Australia
2 Refer to CZN ASX Announcement on 29 March 2023 – Corazon Expands Lithium Footprint at Miriam Project in Western Australia
Future Battery Minerals Ltd
ASX: FBM | 13
TARGET GENERATION WELL ADVANCED
Four discrete target zones identified, varying from 350m to 1.6km in strike length
Recent field mapping successful identifies 11 discrete
outcropping pegmatite units
Additional sampling of the known spodumene-bearing outcrop
previously identified by Corazon has generated a further 2.0%
Li2O rock chip assay
Additional spodumene-bearing outcrop, approximately 250m
west of the known spodumene-bearing outcrop returned a
rock chip assay of 1.23% Li2O
Target-generative geophysical review underway, including lithomagnetic structural interpretation and low-cost ground gravity
and passive seismic surveys
Acquisition completion on track for late May 2024
Initial drilling program currently planned for Q3 2024
Refer to FBM ASX announcement 23 April 2024
Future Battery Minerals Ltd
ASX: FBM | 14
2
NEVADA
LITHIUM PROJECT (80%)
Future Battery Minerals Ltd
ASX: FBM | 15
LARGE LITHIUM CLAYSTONE PROJECT
In a region home to large sedimentary-hosted lithium deposits
Five compelling prospect areas within a land holding of more
than 90km2
Located southeast of Tesla’s Nevada Gigafactory
Multiple advanced lithium projects within 50km of the
prospect areas, including the Tonopah Flats Lithium Project
and TLC Lithium Project
Feeding development of domestic lithium production, now
an important U.S. government priority:
President Biden announced US$7.5B to build EV
chargers and US$7B for Critical Minerals Supply Chains
– June 20221
US$40B available to US Department of Energy
Innovative Technology Loan Guarantee2
Refer to https://www.whitehouse.gov/briefing/2022-03-31
Refer to https://www.whitehouse.gov/briefing/2022-06-09
Future Battery Minerals Ltd
ASX: FBM |16
INITIAL MINERAL RESOURCE ESTIMATE
Large-scale initial MRE (March 2024)
1.5 Bt at 783 ppm Li for 6.2 Mt LCE
LONE MOUNTAIN DEPOSIT
Lone Mountain defined over north-south strike extent of over 3km
Deposit begins at just 35m below surface, and is consistently very
thick across the entirety of the strike extent
Over 42% of contained lithium resides in the Indicated classification
Evaluation phase for commercialisation routes underway
Volume
Tonnes
Li
Mm3
Mt
Ppm
Li
Li2CO3 (LCE)
LiOH.H20 (LHE)
Indicated
375
638
774
494
2,627
2,988
Inferred
504
857
789
676
3,597
4,091
Total
879
1,495
783
1,170
6,224
7,079
Category
Thousand metric tonnes
NLP initial MRE (March 2024) at 500 ppm Li cut-off grade
For full Mineral Resource details, refer to FBM ASX release dated 15 April 2024, Outstanding Maiden Mineral Resource at Nevada Li Project. FBM
confirms that it is not aware of any new information or data that materially affects the Mineral Resource estimate information included in that
release. All material assumptions and technical parameters underpinning the Mineral Resource estimate in that release continue to apply and have
not materially changed.
Future Battery Minerals Ltd
ASX: FBM |17
PROXIMATE CLAYSTONE PROJECTS
Initial Mineral Resource represents comparable scale and grade as near neighbours
$200
Enterprise Value (US$ equiv.)
REAL AND
$100
SUBSTANTIAL
RE-RATE
POTENTIAL
$0
Resource Estimate
18.6 Mt
10.7 Mt
6.7 Mt
30
82
129
Location
Nevada, USA
Nevada, USA
Nevada, USA and Peru
Project
Clayton Valley
Tonopah Flats
TLC Lithium
Stage
Exploration – PFS
Exploration – PEA
Exploration – PEA
Resource Size (LCE)
6.7 Mt
18.6 Mt
10.7 Mt
M:I:I ratio
65:26:09
12:40:48
39:43:18
Cut-off grade
200 ppm
300 ppm
500 ppm
Li Grade
715 ppm
431 ppm
792 ppm
Future Battery Minerals Ltd
ASX: FBM | 18
INVESTMENT HIGHLIGHTS
ASX: FBM
PROVEN LITHIUM EXPLORATION TEAM
LARGE-SCALE, HIGH-GRADE DISCOVERIES
Li ACROSS
TWO LITHIUM DISTRICTS IN 12 MONTHS
1
KANGAROO HILLS AND
MIRIAM LITHIUM PROJECTS
COOLGARDIE
SIGNIFICANT GROWTH-FOCUSSED PROGRAMS
AT NORTHERN KANGAROO HILLS AND MIRIAM
EXPANDED METALLURGICAL TESTING AND
SHARP COMMERCIALISATION FOCUS
AUSTRALIA
KALGOORLIE
ACCELERATED 2024 DRILLING ACTIVITIES
RAPID ADVANCEMENT PATHWAY
WESTERN
AUSTRALIA
PERTH
NORSEMAN
2
NEVADA
NEVADA LITHIUM PROJECT
U.S.A.
RENO
CARSON CITY
TESLA GIGAFACTORY NEVADA
Future Battery Minerals Ltd
TONOPAH
ASX: FBM |19
CONTACT
DETAILS
Mr Nick Rathjen
Mr Robin Cox
CEO and Managing Director
Technical Director
E: nrathjen@futurebatteryminerals.com.au
E: rcox@futurebatteryminerals.com.au
M: +61 401 730 041
M: +61 432 516 276
Suite 10, 38 Colin Street, West Perth WA 6005
T: +61 8 6383 7817 F: +61 8 6245 9853
Future Battery Minerals Ltd
ASX: FBM | 20
APPENDIX A
Kangaroo Hills Lithium Project regional lithium discoveries
Prospect/project
Ownership
Phase
Resource
M:I:I1
Reference
Bald Hill
Mineral Resources
Production
26.5 Mt
0:54:46
ASX Announcement (TAW): Lithium Ore Reserve Increase of 105% at
Bald Hill, 6 June 2018
Buldania
Liontown Resources
Exploration; MRE
15.0 Mt
0:61:39
ASX Announcement (LTR): Annual Report to shareholders, 29
September 2023
Dome North
Develop Global
Exploration; Scoping Study
11.2 Mt
0:76:24
ASX Announcement (ESS): Development Update – Pioneer Dome
Lithium Project, 5 September 2023
Faraday
Widgie Nickel
Exploration; updated MRE
1.96 Mt
28:52:20
ASX Announcement (WIN): 375% Growth in Faraday-Trainline Lithium
Mineral Resource, 8 November 2023
Manna
Global Lithium
Exploration; Scoping Study
36.0 Mt
0:56:44
ASX Announcement (GL1): Manna Lithium Project Resource Grows, 26
July 2023
Mt Day
Charger Metals (70%),
Rio Tinto (30%)
Early exploration
N/A
N/A
ASX Announcement (CHR): Annual Report to shareholders, 27
September 2023
Mt Deans
Aruma Resources
Early exploration
N/A
N/A
ASX Announcement (AAJ): Annual Report to shareholders, 28
September 2023
Mt Holland
Covalent Lithium (50:50 JV
between SQM and Wesfarmers)
In development
189.0 Mt
35:56:9
ASX Announcement (KDR): Substantial Increase in Earl Grey Lithium
Mineral Resource Estimate, 19 March 2018
Mt Marion
50% JV Mineral Resources and
Jiangxi Ganfeng
Production
64.8 Mt
0:65:35
ASX Announcement (MIN): Mineral Resources and Ore Reserves
update, 22 September 2023
Sinclair
Develop Global
Early exploration
N/A
N/A
ASX Announcement (PIO): Pioneer Commences Mining Operations at
Sinclair Caesium Mine, 13 September 2018
Lake Johnston
TG Metals
Exploration
20.1Mt
Exploration Target
ASX Announcement (TG6): Burnmeister Lithium Potential Defined 1
May 2024
1 Ratio of MRE in Measured, Indicated and Inferred categories
Future Battery Minerals Ltd
ASX: FBM | 21
APPENDIX B
Proximate claystone projects
Company Name
Asset
M:I:I1
Resource
SOI
Market Cap2
Debt2
Cash2
Reference
American Battery
Technology
Company
Tonopah
Flats
18.6 Mt Li2CO3
0:0:100
47.3 M
111.6 M
24.8 M
5.4 M
Corporate Presentation, November 2023,
December Quarterly Report
Updated initial Assessment and Economic
Analysis for its Tonopah Lats Lithium Project
for One of the Largest Identified Lithium
Resources in the U.S.
American Lithium
TLC Lithium
10.69 Mt Li2CO3
39:43:18
214.7 M
138.7 M
NIL
9.7 M
Corporate Presentation, April 2024, Interim
Financial Statements ended 31 November
2023
Century Lithium
Clayton
Valley
6.7 Mt Li2CO3
0:0:100
148.7 M
40.9 M
NIL
11.1 M
Corporate Presentation, May 2024
1 Ratio of MRE in Measured, Indicated and Inferred categories
2 All monetary values in US$ or converted at an exchange rate of 0.742 US$:C$ as at 10 May 2024
Future Battery Minerals Ltd
ASX: FBM | 22
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