RIU Explorers Company Presentation
Released
Released
Announcement PDF
14 February 2024
ASX ANNOUNCEMENT
RIU EXPLORERS CONFERENCE PRESENTATION
Future Battery Minerals Ltd (ASX: FBM) (FBM or the Company) is pleased to announce its participation in
the RIU Explorers Conference. Nick Rathjen, Managing Director, will be presenting today at 8.35am (AWST)
at the RIU Explorers Conference, being held at The Esplanade Hotel, Fremantle, WA.
This presentation can be viewed live via Zoom by accessing the provided links:
Registration
Date:
Time:
:
https://us02web.zoom.us/webinar/register/WN_pq5RUpCXQ6OzoCDBK0-7kgn
Wednesday, 14th of February 2024
8:35am AWST
A copy of the presentation is attached to this announcement.
This announcement has been authorised for release by the Board of Directors of the Company.
-ENDFor further information visit www.futurebatteryminerals.com or contact:
Nick Rathjen
CEO and Managing Director
E: nrathjen@futurebatteryminerals.com.au
Future Battery Minerals Ltd
info@futurebatteryminerals.com.au
Suite 10, 38 Colin St, West Perth WA 6005
+61 8 6383 7817
ABN 91 148 966 545
futurebatteryminerals.com.au
ASX: FBM
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1
FUTURE
BATTERY
MINERALS
INVESTOR PRESENTATION
February 2024
ASX: FBM
IMPORTANT NOTICES
Disclaimer
This presentation has been prepared by Future Battery Minerals Ltd (Future Battery Minerals or the Company). It contains general information about the Company’s activities current as at the date of the
presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any
jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation warrants to the Company that the receipt of the presentation is not unlawful. It
should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement
to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.
This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This
presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product
advice and investors should undertake their own due diligence and obtain their own independent advice from qualified professional advisors having regarding to their objectives, financial situation and needs.
Neither Future Battery Minerals nor any of its related bodies corporate is licensed to provide financial product advice.
This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts, projections and opinions which constitute forward looking statements. Forward
looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements qualified by words such as “potential”,
“target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions. Such forward looking statements are not a guarantee of future performance, and are subject to
numerous risks, uncertainties and other factors, including unknown ones. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of
risks, both specific to Future Battery Minerals and of a general nature which may affect the future operating and financial performance of Future Battery Minerals and the value of an investment in Future
Battery Minerals including but not limited to title risk, renewal risk, economic and general market conditions, stock market fluctuations, price movements, regulatory risks, operational risks, reliance on key
personnel, uncertainties relating to interpretation of exploration results, geology and resource estimations, native title risks, foreign currency fluctuations, uncertainties relating to the availability of/access
to additional capital, infrastructure or environmental approvals, and mining development, construction and commissioning risk. Future Battery Minerals expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted, by the Company or any of its officers,
employees, agents or consultants or any other person, as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. An investment in the shares of the Company is
to be considered highly speculative.
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 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ ("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.
ASX Listing Rule Information
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.
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Future Battery Minerals Limited’s planned exploration program
and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may”, "potential", "should," and similar expressions are
forward-looking statements. Although Future Battery Minerals Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Competent Persons Statement
The information in this report that relates to Exploration Results is based on and fairly represents information compiled by Mr Robin Cox BSc (E.Geol), a Competent Person, who is a Member of the Australian
Institute of Mining and Metallurgy (AusIMM). Mr Cox 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 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cox
consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.
Future Battery Minerals Ltd
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Outstanding Metallurgical Results from Kangaroo Hills
Final Assays from Phase 3 Drilling at Kangaroo Hills
High Grade Intervals Confirm Significant Extension of NLP
Further Resistivty Results Deliver New Targets at KHLP
Nev Power joins as Non-Executive Director
Shallow High-Grade Lithium Intercepts at Kangaroo Hills
Kangaroo Hills High-Grade Lithium System Continues to Grow
Resource Drilling Underway at Nevada Lithium Project
Aggressive Lithium Exploration Programmes Continuing
$7.6m Placement to Accelerate Lithium Exploration Drilling
Further Spodumene Bearing Pegmatites Intercepted at KHLP
Managing Director and CEP Appointment
New Stacked Spodumene Bearing Pegmatites Confirmed at KHLP
Acquisition of 20% Interest in Kangaroo Hills Completed
FBM Acquires Remaining Interest in Kangaroo Hills
Large Scale lithium Discovery Confirmed in Nevada
Further High-Grade Lithium Results at Kangaroo Hills
Potential Extensions to Li Claystone Identified in Nevada
Drilling Underway at Kangaroo Hills Lithium Project
More High Grade Lithium Assays, New Pegmatite Uncovered
Completion of Nepean Nickel Project Sale
7 New Large Scale LCT Pegmatite Lithium Targets Identified
Phase 2 Drilling to commence at Nevada Lithium Project
Metallurgical Testwork to commence at Kangaroo Hills
Further Thick Spodumene Intersections at Kangaroo Hills
Multiple High Grade Assay Results Extend Lithium Discovery
Exploration Update - Kangaroo Hills Lithium Project
High Grade Lithium Claystone Discovered in Nevada
Saints Nickel Project Delivers Positive Scoping Study
Phase 2 Exploration Drilling Underway at Kangaroo Hills
LCT – Pegmatite Discovery Confirmed at Kangaroo Hills
Exploration Update – Nevada Lithium Project
Exploration Update – Kangroo 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
5 February 2024
30 January 2024
22 January 2024
18 December 2023
21 November 2023
16 November 2023
17 October 2023
3 October 2023
21 September 2023
15 September 2023
12 September 2023
11 September 2023
24 August 2023
11 August 2023
7 August 2023
4 August 2023
18 July 2023
13 July 2023
4 July 2023
22 June 2023
15 June 2023
08 June 2023
23 May 2023
19 May 2023
17 May 2023
03 May 2023
20 April 2023
13 April 2023
11 April 2023
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 NEW LITHIUM DISCOVERIES
1
2
AUSTRALIA
KANGAROO HILLS LITHIUM PROJECT
WESTERN
AUSTRALIA
U.S.A.
NEVADA
NEVADA LITHIUM PROJECT
RENO
KALGOORLIE
CARSON CITY
COOLGARDIE
PERTH
NORSEMAN
TESLA GIGAFACTORY NEVADA
KANGAROO HILLS LITHIUM PROJECT
High-grade LCT pegmatite discovery
29m @ 1.36% Li2O
TONOPAH
NEVADA LITHIUM PROJECT
Large-scale sedimentary deposit
226m @ 855ppm Li
Refer to FBM ASX announcements on 20 March 2023 and 22 January 2024
Future Battery Minerals Ltd
ASX: FBM | 3
RAPID DUAL-TRACK ADVANCEMENT
1 KANGAROO HILLS LITHIUM PROJECT
High-grade LCT
pegmatite discovered in
exploration drill hole
Phase 1 assays confirm thick
high-grade discovery
29m @1.36 Li2O from 38m
Phase 1 RC drill program
commences: 14 holes for
3,400m
Q3 22
Q4 22
Phase 2 assay return a thick
high-grade intersection
27m @1.32 Li2O from 64m
Initial Phase 3 assay results
broaden extent of near-surface
mineralisation
Phase 3 RC drill program
commences: Infill and regional
drilling
Phase 3 drill program
expanded to 10,00m of RC and
diamond drilling
Q2 23
Q3 23
Phase 2 RC and DD drill
program commences: Step out
from discovery hole
Q1 23
FBM ownership of KHLP
increases to 100%
Phase 4 northern
targets drill program
scheduled to
commence
Q1 2024
Outstanding initial met results
demonstrate hybrid flow sheet
potential
Q4 23
Q1 24
2 NEVADA LITHIUM PROJECT
Project acquired (80% FBM)
during Q3 2022
Two strategic land parcels
staked, increasing footprint by
50%
Experienced Nevada-based site
team established
Q3 22
Future Battery Minerals Ltd
Q4 22
High-grade lithium claystone
discovery
110m @ 766ppm Li from 137m
Phase 1 RC drill program
commences: 15 holes for
2,900m
Q1 23
Phase 2 drilling success:
180m @ 766ppm Li from 40m
171m @ 764ppm Li from 67m
TARGETING
DECLARATION OF
MAIDEN MINERAL
RESOURCE
ESTIMATE
Q1 2024
Phase 3 RC and DD drill
program commences: 4 DD
holes complete and 6 RC holes
complete
Phase 2 RC drill program
commences: 6 holes for 3,000m
Q2 23
Q3 23
Q4 23
Q1 24
ASX: FBM | 4
CORPORATE OVERVIEW
ASX: FBM
CAPITAL STRUCTURE
Share price1
REGISTER COMPOSITION
A$0.057
Share price chart
0.16
3%
9%
Total shares on issue2
533.8M
Options and performance rights2
80.3M
Market capitalisation (undiluted)
A$30.4
0.14
5%
0.12
4%
0.10
0.08
0.06
Cash2
A$2.9M
Debt3
A$0M
Enterprise value (undiluted)
A$27.4M
79%
0.04
0.02
Board and management
Institutions and brokers
Han
Corporate
0.00
Nov 22
Feb 23
May 23
Aug 23
Nov 23
Other
1. At 8 February 2024
2. At 31 December 2023
Future Battery Minerals Ltd
ASX: FBM | 5
BOARD AND MANAGEMENT
Experienced team executing FBM’s advancement strategy
▪
▪
▪
▪
MIKE EDWARDS
NICK RATHJEN
ROBIN COX
NEV POWER
SILFIA MORTON
Non-Executive Chairman
CEO and Managing Director
Technical Director
Non-Executive Director
Company Secretary and CFO
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.
▪
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).
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 13
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 | 6
1
KANGAROO HILLS
LITHIUM PROJECT (100%)
Future Battery Minerals Ltd
ASX: FBM | 7
IN EXCELLENT COMPANY
MANNA
KALGOORLIE
Situated in the lithium-endowed W.A. Goldfields
▪ Located just 17km south of
Coolgardie
36.0 Mt @ 1.13% Li2O
COOLGARDIE
MT MARION
64.8 Mt @ 1.42% Li2O
▪ Proximate to well established
infrastructure (including
sealed road access) and
multiple lithium operations
KANGAROO HILLS
LITHIUM PROJECT
BALD HILL
26.5 Mt @ 1.00% Li2O
FARADAY
2.0 Mt @ 0.69% Li2O
DOME NORTH
11.2 Mt @ 1.21% Li2O
▪ Region proven to possess
shallow, thick high-grade
Lithium-Caesium-Tantalum
(LCT) pegmatites
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% Li2Oof proven and probable reserves
Future Battery Minerals Ltd
MT HOLLAND1
189.0 Mt @ 1.5% Li2O
BULDANIA
MT DAY
15.0 Mt @ 1.0% Li2O
NORSEMAN
SINCLAIR
MT DEANS
0
50km
ASX: FBM | 8
A TRANSFORMATIONAL LCT DISCOVERY
Wide, high-grade, near-surface Li2O intersections returned at Big Red (Q1 CY23)
REMAINS
WIDE OPEN
TO THE NORTH
AND AT DEPTH
Refer to FBM ASX announcements on 30 January 2024 and 18 December 2023
Future Battery Minerals Ltd
ASX: FBM | 9
MINERALISED SYSTEM BROADENED
Stacked, mineralised system defined across Big Red and Rocky (Q2-Q4 CY23)
▪ Big Red progressively expanded
delivering relative system
consistency, with thick intervals
(+20m) at high lithium grade
(+1.2% Li2O)
▪ Drilling at Rocky identified
numerous mineralised pegmatites
semi-parallel to Big Red
▪ Scale of Rocky then progressively
and significantly increased
▪ Proximity of Rocky to surface and
Big Red means it is expected to
form a significant part of any future
development
KHLP Long Section - Big Red and Rocky Pegmatite System
Refer to FBM ASX announcements on 30 January 2024
Future Battery Minerals Ltd
ASX: FBM | 10
FURTHER POTENTIAL TO BE TESTED
Systematic phase 4 drill testing of northern targets to begin rapidly upon receipt of permit
•
Western Grey hosts outcropping pegmatites anomalous in
tin and tantalum which were poorly tested during Phase 1
KHLP drilling. The recently completed optimised resistivity
survey (refer FBM ASX release dated 18 December 2023)
has refined the Western Grey target, allowing more precise
and better targeted drill hole placement for testing in the
Phase 4 drilling.
•
At Quokka,Early geophysical data noted a coincident
resistivity anomaly, with the recent optimised survey
advancing this target to drill-ready status.
•
Big Red West hosts outcropping pegmatites located
approximately 500m west of Big Red. These pegmatites are
interpreted to be the potential source of the of the first
lithium intercept returned from the KHLP of 6m @ 1.38%
Li2O from 198m (NPRC084; refer FBM ASX release dated 24
November 2022). Follow-up of this key target zone is
demanded by the geological and geophysical vectoring.
•
Whip Tail is a new anomaly target that was identified
following the recent optimised resistivity survey and is also
coincident with outcropping pegmatites.
Future Battery Minerals Ltd
ASX: FBM | 11
OUTSTANDING INITITAL 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
Big Red core sample KHDD001
Refer to FBM ASX announcement 5 February 2024
Future Battery Minerals Ltd
ASX: FBM | 12
2
NEVADA
LITHIUM PROJECT (80%)
Future Battery Minerals Ltd
ASX: FBM | 13
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
1.
2.
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 |14
MAIDEN DRILLING SUCCESS
Large-scale lithium claystone confirmed
▪ Maiden RC drill program delivered thick claystone
discovery, with hole WF23-011 returning:
▪ 110m @ 766ppm Li from 137m
▪ Phase 2 RC drilling highlighted enormous scale
potential, with multiple, thick mineralised hits,
including:
▪ 180m @ 766ppm Li from 40m (WF23-015)
▪ 171m @ 764ppm Li from 67m (WF23-014)
▪ Shallow, thick mineralisation remaining open along
strike and at depth
Refer to the FBM ASX announcements on 13 April 2023, 23 May 2023 and 4 August 2023.
Future Battery Minerals Ltd
ASX: FBM |15
FURTHER EXTENSIONAL SUCCESS
High-grade mineralisation extended and remaining open
▪ Phase 3 diamond drill program
completed, returning:
226m @ 855 ppm Li from 140m
148m @ 795 ppm Li from 152m
180m @ 818 ppm Li from 40m
▪ Delivered substantial depth extension
high-grade mineralisation
▪ Phase 3 RC program complete (testing
southern strike extent); assays
expected in February
▪ Maiden Mineral Resource due Q1
2024
Refer to FBM ASX announcements on 22 January 2024
Future Battery Minerals Ltd
ASX: FBM |16
PROXIMATE CLAYSTONE PROJECTS
Average assay results returned to date are comparable to neighbouring resource grades
$200
REAL AND
SUBSTANTIAL
RE-RATE $100
POTENTIAL
WITH DECLARATION OF
MAIDEN MINERAL
RESOURCE ESTIMATE
$0
ON TRACK FOR DELIVERY
Q1 CY24
Enterprise Value (US$ equiv.)
Resource Estimate
15.8 Mt
10.7 Mt
6.3 Mt
28
131
148
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)
6.3 Mt
15.8 Mt
10.7 Mt
M:I:I ratio
0:0:100
0:0:100
39:43:18
Cut-off grade
400 ppm
300 ppm
500 ppm
Li Grade
905 ppm
561 ppm
792 ppm
Future Battery Minerals Ltd
ASX: FBM | 17
INVESTMENT HIGHLIGHTS
Li
TWO EXCITING NEW LITHIUM DISCOVERIES
LARGE-SCALE, HIGH-GRADE INDEPENDENT PROJECT POTENTIAL
KANGAROO HILLS CY 24 DRILLING PROGRAMS
SYSTEMATIC EXPLORATION DRILL OUT AND MAIDEN RESOUCRE
2 NEVADA LITHIUM PROJECT
NEVADA MAIDEN RESOURCE ESTIMATE Q1 2024
NEAR-TERM CATALYST
+
DIVERSIFIED BATTERY METAL PORTFOLIO
EXPOSURE TO ADVANCED EXPLORATION TARGETS
Future Battery Minerals Ltd
+ LEINSTER NICKEL PROJECT
+ SAINTS NICKEL PROJECT
1 KANGAROO HILLS LITHIUM PROJECT
+ LAKE TORRENS IOCG PROJECT
+ ARDEN COPPER PROJECT
+ BONAVENTURA ZINC PROJECT
ASX: FBM |18
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 | 19
APPENDIX A
Kangaroo Hills Lithium Project regional lithium discoveries
Prospect/project
Ownership
Phase
Resource
M:I:I1
Reference
Bald Hill
Mineral Resources
Production halted
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 + IGO
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 + IGO
Early exploration
N/A
N/A
ASX Announcement (PIO): Pioneer Commences Mining Operations at
Sinclair Caesium Mine, 13 September 2018
1.
Ratio of MRE in Measured, Indicated and Inferred categories
Future Battery Minerals Ltd
ASX: FBM | 20
APPENDIX B
Proximate claystone projects
Company Name
American Battery
Technology
Company
American Lithium
Century Lithium
1.
2.
Asset
Tonopah
Flats
TLC Lithium
Clayton
Valley
Resource
15.8 Mt Li2CO3
10.69 Mt Li2CO3
6.3 Mt Li2CO3
M:I:I1
0:0:100
39:43:18
0:0:100
SOI
47.3 M
214.7 M
148.7 M
Market Cap2
111.6 M
156.2 M
40.9 M
Debt2
24.8 M
NIL
NIL
Cash2
Reference
5.4 M
Technical Report Summary for the
Tenopah Flats Lithium Project, 26
February 2023, Corporate
Presentation, November 2023,
September Quarterly Report
7.8 M
Corporate Presentation, November
2023, Interim Financial Statements
ended 31 August 2023
12.6 M
Corporate Presentation, November
2023, Prefeasibility Study, August 5
2020 (amended March 15 2021),
Interim Financial Statements 30 June
2023
Ratio of MRE in Measured, Indicated and Inferred categories
All monetary
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