Large-Scale Strike Extension Delivered at NLP
Released
Released
Announcement PDF
07 March 2024
ASX ANNOUNCEMENT
LARGE-SCALE STRIKE EXTENSION DELIVERED AT
NEVADA LITHIUM PROJECT
Highlights
Assays returned from Reverse Circulation (RC) Phase 3 Mineral Resource drilling at the
Nevada Lithium Project (NLP).
Focus of the RC program was testing the southern strike extent of the Lone Mountain
prospect.
Thick, shallow, high-grade intercepts returned from the Phase 3 RC drilling include:
128m @ 770 ppm Li from 37m, incl. 23m @ 1,106 ppm Li from 131m (LM-001)
130m @ 706 ppm Li from 35m, incl. 37m @ 1,001 ppm Li from 117m (LM-004)
98m @ 478 ppm Li from 35m, incl. 14m @ 1,010 ppm Li from 105m (LM-002)
88m @ 553 ppm Li from 44m, incl. 9m @ 1,000 ppm Li from 102m (LM-003)
These results have substantially extended the delineated strike extent of the thick Lone
Mountain mineralisation by an additional 1.7 km, with it now stretching to over 3.0 km.
This strike extent includes a modelled continuous thick package of +1,000 ppm Li claystone.
This follows the recent Phase 3 diamond drilling results, which saw all holes successfully
extend the Lone Mountain mineralisation at depth.
Declaration of a maiden Mineral Resource for the NLP is on schedule for Q1 CY2024.
The NLP is located near the mining hub of Tonopah, Nevada, within a premier global mining
district that is home to other advanced lithium claystone projects such as Rhyolite Ridge
(ASX: INR), TLC (TSX: LI) and Thacker Pass (TSX: LAC).
Future Battery Minerals Ltd (ASX: FBM) (FBM or the Company) advises of the return of assay results from
the completed RC drilling component of its Phase 3 Mineral Resource drilling program at the Nevada Lithium
Project (80% FBM) in Nevada, U.S.
FBM Managing Director and CEO, Nick Rathjen, commented:
“Our Phase 3 drill program at the NLP has been a huge success. The RC assay results released today
demonstrate an approximate 130% extension of the known strike of the Lone Mountain mineralisation, which
now sits at over 3.0 km (north-south). When coupled with the results from the diamond drilling component of
Phase 3, which significantly extended the depth of the high-grade mineralisation (and which remains open at
depth), it is evident as to why we are so pleased with the outcomes from this phase of drilling.
“All Phase 3 assay results are now with our geological partner in Nevada, Stantec Consulting, which is on track
to deliver the targeted maiden Mineral Resource Estimate declaration for the NLP this month. We look forward
to reaching this milestone and demonstrating the scale and opportunity that exists at the NLP, particularly
given the broader regional context in which it is located.”
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
Follow Us
1
Phase 3 RC drilling at Lone Mountain
The RC component of Phase 3 Mineral Resource drilling at the NLP comprised six holes for 1,177 metres,
which were designed predominantly to test this potential southern strike extension of the shallow Lone
Mountain deposit. Drilling also tested for higher-grade zones (+1,000 ppm Li) within the shallow claystone.
The location of the RC drill holes reported in this announcement are outlined in plan view in Figure 1.
Assays returned for these holes included the following thick, shallow, high-grade intercepts:
128m @ 770 ppm Li from 37m, incl. 23m @ 1,106 ppm Li from 131m (LM-001)
98m @ 478 ppm Li from 35m, incl. 14m @ 1,010 ppm Li from 105m (LM-002)
88m @ 553 ppm from 44m, incl. 9m @ 1,000 ppm Li from 102m (LM-003)
130m @ 706 ppm from 35m, incl. 37m @ 1,001 ppm Li from 117m (LM-004)
Significance
All six holes intercepted the host Siebert Formation, the interpreted host formation of the lithium claystone
mineralisation at Lone Mountain. Assay results confirm that the Siebert Formation becomes progressively
shallower moving south from the previously delineated mineralisation for a further 1.7km, where it is then
observed to outcrop in various places.
The results confirm that the prospective Siebert Formation comes to surface at the southern margin of the
Lone Mountain prospect, dipping north and plunging north-east. The prospective Middle Siebert Formation
and the higher-grade portions of this unit thicken to the north. Younger offsetting fault events also have the
potential to have affected depth to mineralisation.
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
Follow Us
2
Figure 1: Plan view of drillhole locations from the Phase 3 RC program at the NLP
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
Follow Us
3
The Phase 3 RC results have successfully extended the progressively shallowing Lone Mountain
mineralisation by a further 1.7 km to the south, effectively extending the north-south strike extent of
the deposit to over 3.0 km.
The results also demonstrate that the Lone Mountain mineralisation starts from as little as 35m below
surface and is interpreted to remain very thick across its entire strike extent. Moreover, there is a
continuous thick package of high-grade (+1,000 ppm Li) claystone that is interpreted across the entire
strike extent of the Lone Mountain mineralisation.
Figure 2 : Long section showing interpreted thick, shallow Lone Mountain mineralisation including modelled
continuous +1,000 ppm Li package
With respect to the two RC holes that did not return significant lithium mineralisation:
LM-005 (the western-most Phase 3 RC hole) intercepted the western margin of the Siebert Formation
and is interpreted to have intercepted the lake margin of the original lithium depositional environment.
While the host sequence was intercepted, it is interpreted that this is the upper section of the Siebert
Formation and representative of a higher energy sedimentary depositional setting. The results of this
hole are analogous to the previously reported WF23-018, which also was interpreted to have intercepted
the lake boundary. This marker allows for more accurate constraining of the lithium claystone package
on a southerly extension.
LM-006 (the southern-most Phase 3 RC hole) was relocated further south of the initial planned location,
following the observations from drilling of LM-003. LM-003 intercepted the Siebert Formation from
surface and was projected to continue further south than previously modelled. While LM-006 intercepted
the Siebert Formation, this is interpreted to be part of the Lower Siebert Formation, which hosts low
grade lithium claystone and is older than the main lithium depositional events of the Siebert sedimentary
package.
Maiden NLP Mineral Resource Estimate
Stantec Consulting (Stantec) is currently undertaking estimation of the maiden Mineral Resource Estimate for
the NLP. Stantec has relevant expertise and substantial experience in the specific lithium claystone
mineralisation found at the NLP.
Declaration of the Mineral Resource Estimate remains on track for Q1 CY2024.
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
Follow Us
4
Table 1: Phase 3 RC drill hole details
Hole ID
EASTING
(m)
NORTHING
(m)
RL (m)
Max Depth
(m)
Dip
(degrees)
Azimuth
(degrees)
LM-001
LM-002
LM-003
LM-004
LM-005
LM-006
463110
463121
463478
463571
462630
463208
4218091
4217161
4216674
4217614
4217640
4215851
1524
1548
1549
1530
1536
1570
189
229
213
198
165
183
-90
0
-90
0
-90
0
-90
0
-90
0
-90
0
Table 2: Phase 3 RC drill hole significant intercepts
Hole ID
Depth
from (m)
LM-001
37
Depth
to (m)
165
LM-002
35
133
LM-003
44
132
LM-004
35
165
Interv
al (m)
128
98
88
130
Li
(ppm
)
770
478
553
706
LM-005
LM-006
Significant Intercept and Geological
Comment
128m @ 770ppm Li from 37m
including 23m @ 1106ppm Li from 131m
98m @ 478ppm Li from 35m
Including 14m @ 1010ppm from 105m
88m @ 553ppm from 44m
Including 9m @ 1000ppm from 102m
130m @ 706ppm from 35m
Including 37m @ 1001ppm from 117m
NSI
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
Follow Us
5
About the Nevada Lithium Project (NLP) (80% FBM)
The NLP comprises over 90km2 of tenure that is considered highly prospective for larger sedimentary-hosted
lithium deposits.
The region is home to several large sedimentary-hosted lithium deposits including Ioneer Resources’ (ASX:
INR) Rhyolite Ridge and American Lithium Corporation’s (TSX.V: LI) (US OTC: LIACF) (Frankfurt: 5LA1) TLC
Lithium Project. Albemarle Corporation’s (NYSE: ALB) Silver Peak Lithium Mine, currently the only producing
lithium mine in North America, lies approximately 45 km to the west of the NLP.
The Phase 1 2,900m RC drilling programme was completed in March 2023, successfully discovering lithiumbearing claystone lithologies of the Siebert Formation, highlighted by the intercept of 109.7m @ 766ppm Li
from 135.6m WF23-011 1. Significantly, thick, high-grade lithium–claystone was intersected in three additional
drill holes at the Western Flats Prospect (now part of the broader Lone Mountain Prospect to the south).
The Phase 2 drilling programme in July 2023 successfully intercepted thick, shallow lithium mineralisation at
the Lone Mountain Prospect with results including 2:
179.8m @ 766ppm from 39.6m (WF23-015)
Including 19.8m @ 1,010ppm from 80.8m
170.7m @ 764ppm Li from 67.1m to end of hole (WF23-014)
Including 27.4m 1,030ppm Li from 112.8m
Phase 3 diamond drilling successfully confirmed the extension of mineralisation and the continuation of the
Siebert Formation stratigraphic host unit. Significant intercepts included:
266m @ 855 ppm Li from 140m (WF23-011C)
148m @ 795 ppm Li from 152m (WF23-009C)
o
1
2
Including 66m @ 1,001 ppm Li from 216m
Including 60m @ 918 ppm Li from 191m
180m @ 818 ppm Li from 40m (WF23-015C)
Including 51m @ 915 ppm Li from 53m; and
23m @ 1,081 ppm from 182m.
Refer to ASX Announcement on 13 April 2023, “High Grade Lithium Claystone Discovered in Nevada”.
Refer to ASX Announcement on 4 August 2023, “Large Scale Lithium Discovery Confirmed in Nevada”.
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
Follow Us
6
Figure 3 – Location of NLP prospects
Figure 3: NLP in proximity to known advanced lithium clay projects located in Nevada
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
Follow Us
7
Figure 4 – Location of NLP and neighbouring Lithium Claystone Resources
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
Follow Us
8
This announcement has been authorised for release by the Board of Directors of the Company.
-ENDFor further information visit www.futurebatteryminerals.com or contact:
Nicholas Rathjen
Managing Director
E: nrathjen@futurebatteryminerals.com.au
Robin Cox
Technical Director
E: rcox@futurebatteryminerals.com.au
Competent Persons Statement
The information in this announcement 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. 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 this announcement of the matters based on his information in the
form and context in which it appears.
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.
Previously Reported Results
The information in this announcement that relates to Exploration Results is extracted from the ASX announcements
(Original Announcements), as referenced, which are available at www.futurebatteryminerals.com.au. FBM confirms that it
is not aware of any new information or data that materially affects the information included in the Original Announcements
and, that all material assumptions and technical parameters underpinning the estimates in the Original Announcements
continue to apply and have not materially changed. FBM confirms that the form and context in which the Competent
Persons’ findings are presented have not been materially modified from the original announcement.
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
Follow Us
9
JORC Code, 2012 Edition, Table 1
Section 1: Sampling Techniques and Data
CRITERIA
Sampling
techniques
EXPLANATION
●
●
●
Drill sample
recovery
●
●
●
Logging
●
●
●
Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the broad
meaning of sampling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of
mineralisation that are Material to the
Public Report. In cases where ‘industry
standard’ work has been done this would
be relatively simple (eg ‘reverse circulation
drilling was used to obtain 1m samples
from which 3kg was pulverised to produce
a 30g charge for fire assay’). In other
cases more explanation may be required,
such as where there is coarse gold that
has inherent sampling problems. Unusual
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.
Method of recording and assessing core
and chip sample recoveries and results
assessed.
Measures taken to maximise sample
recovery and ensure representative nature
of the samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the
relevant intersections logged.
COMMENTARY
RC Drilling Samples
•
RC drill Samples create a 1.5m down
hole sample; and
•
Sample weights range between 3-5kg
DD Core Samples
•
DD core samples were sampled on a
minimum length of 0.5m and maximum of
1.5m.
•
Sample weights range between 1.5-5kg
RC Drilling.
•
Sample recovery is noted in the field for
each individual sample and weighed at
the laboratory during sample preparation.
Sample is collected via a cyclone and
splitter attached to the drill rig, which is
considered standard for RC sampling.
•
No relationship between sample recovery
and grade has been yet observed and no
sample bias is believed to have occurred.
DD Drilling.
Sample recovery is noted in the field for
each individual sample and weighed at the
laboratory during sample preparation.
•
No relationship between sample recovery
and grade has been yet observed and no
sample bias is believed to have occurred.
Future Battery Minerals Limited (FBM):
•
Drill chips and core are lithologically
logged by Geologists in the field;
•
Logging is qualitative, recording rock type
and mineral abundance; and
•
Logging of RC chips is conducted on a
1.5 metre sample size.
•
Logging of core is conducted on
lithological breaks.
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
Follow Us
10
CRITERIA
Sub-sampling
techniques and
sample
preparation
EXPLANATION
●
●
●
●
●
Quality of assay
data and
laboratory tests
●
●
●
Verification of
sampling and
assaying
●
●
●
●
Location of data
points
●
●
●
COMMENTARY
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet
or dry.
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the
sampling is representative of the in-situ
material collected, including for instance
results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate to
the grain size of the material being
sampled.
RC Chip Samples
•
1.5m RC percussion, sample is split via a
cyclone and splitter attached to the drill
rig to produce a bagged 3-5kg sample.
•
Certified reference material and blank
material are inserted every 20 samples as
per company QA/QC procedure for RC.
•
Field duplicates collected from the
Cyclone and cone splitter are inserted
every 60 samples
•
No further sub sampling has been
conducted
DD Core Samples
•
Core samples are marked and cut in the
field producing half core samples.
•
Certified reference material and blank
material are inserted every 20 samples as
per company QA/QC procedure for DD.
•
No further sub sampling has been
conducted
The nature, quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial or total.
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
Nature of quality control procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.
The verification of significant intersections
by either independent or alternative
company personnel.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Discuss any adjustment to assay data.
●
Accuracy and quality of surveys used to
locate drill-holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.
ALS Minerals, multi element analysis
method ME-MS63 utilised for all samples,
consisting of 4-acid digestion with ICP-MS
and ICP-AES analysis.
● No duplicates or blanks were submitted in
the sampling procedure.
● QC Laboratory Blanks and Standards
were inserted at a ratio 1:10.
•
•
•
•
•
A CP conducted a site visit during drilling
activities. Mineralisation is not visible in
hand sample.
Samples have not been duplicated.
All primary paper data is held at the FBM
Tonopah office; digitised data is entered
into a secured database
No adjustments to assays have occurred.
Drill collars were surveyed in UTM
coordinates, NAD83 UTM zone 11N datum,
by handheld GPS
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
Follow Us
11
CRITERIA
Data spacing and
distribution
EXPLANATION
COMMENTARY
●
●
Drill Holes were designed with
consideration to accessibility and to test
stratigraphy across select portions of the
prospects. Drilling was not at this stage
designed for resource estimation
purposes.
Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
The measures taken to ensure sample
security.
•
Drill Holes: Stratigraphic units are
considered to be relatively flat laying
hence drilling has been conducted
vertically.
•
Drill Holes: Samples collected in marked
calico bags and immediately stored in
sealed bulka bags for transport to ALS
assay Lab in Reno NV post drill hole.
The results of any audits or reviews of
sampling techniques and data.
●
No independent audit or review has been
undertaken.
●
●
Orientation of
data in relation to
geological
structure
Sample security
Audits or reviews
●
●
●
●
Data spacing for reporting of Exploration
Results.
Whether the data spacing and distribution
is sufficient to establish the degree of
geological and grade continuity
appropriate for the Mineral Resource and
Ore Reserve estimation procedure(s) and
classifications applied.
Whether sample compositing has been
applied.
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
Follow Us
12
Section 2: Reporting of Exploration Results
CRITERIA
Mineral tenement
and land tenure
status
EXPLANATION
●
●
Exploration done
by other parties
Geology
Drill-hole
Information
●
Acknowledgment and appraisal of
exploration by other parties.
●
Deposit type, geological setting and style
of mineralisation.
●
A summary of all information material to
the understanding of the exploration
results including a tabulation of the
following information for all Material drillholes:
● easting and northing of the drill-hole
collar
● elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill-hole collar
● dip and azimuth of the hole
● down hole length and interception
depth
● hole length.
If the exclusion of this information is
justified on the basis that the information
is not Material and this exclusion does
not detract from the understanding of the
report, the Competent Person should
clearly explain why this is the case.
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (e.g. cutting of high grades)
and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate
●
Data aggregation
methods
COMMENTARY
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such as
joint ventures, partnerships, overriding
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings.
The security of the tenure held at the time
of reporting along with any known
impediments to obtaining a licence to
operate in the area.
●
●
FBM owns 80% of the Nevada Lithium
Project (NLP). All mining claims are filed as
BLM claims. The Project is made up of the
following unpatented BLM mining claims:
● Lone Mountain Prospect consists of
242 filed lode claims
● San Antone Prospect consists of 243
filed lode claims
● Traction Prospect consists of 204 filed
lode claims
● There are no known issues with regard
to access or environment.
● The lode claims are in good standing
and no known encumbrances exist.
● Western Flats consists of 253 filed lode
claims
● At all four prospects, previous work has
been conducted by NV Resources and
its consultants, being the vendors of the
NLP to FBM.
● Data collected by this entity has been
reviewed in detail by FBM.
● Lone Mountain, San Antone, Western
Flats and Traction Prospects are
considered prospective for lithium clay
mineralisation.
● Lithium anomalism/mineralisation is
hosted in weakly indurated Tertiary
lacustrine claystone & ashfall units, in
the Basin and Range Province of
Nevada, USA
● Relevant historical drill-hole information
is included in this announcement
however data is limited.
● All location data from FBM recently
completed drilling has been provided in
Table 1.
●
●
No data aggregation used
Metal equivalent values have not been
used.
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
Follow Us
13
CRITERIA
EXPLANATION
●
Relationship
between
mineralisation
widths and
intercept lengths
●
●
●
Diagrams
Balanced
reporting
Other substantive
exploration data
Further work
●
●
●
●
●
COMMENTARY
short lengths of high-grade results and
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should be
shown in detail.
The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
These relationships are particularly
important in the reporting of Exploration
Results.
If the geometry of the mineralisation with
respect to the drill-hole angle is known,
its nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (e.g. ‘down
hole length, true width not known’).
Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan view
of drill-hole collar locations and
appropriate sectional views.
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Other exploration data, if meaningful and
material, should be reported including
(but not limited to): geological
observations; geophysical survey results;
geochemical survey results; bulk samples
– size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive.
●
●
●
Reported results are down hole
intercepts only
Geological interpretation of the unit
assumes a flat lying lithology
Further drilling will be required to
confirm this.
●
Relevant diagrams have been included
within the announcement.
●
All results from the programme have
been reported in Table 1.
●
No other substantive data exists.
●
A Maiden mineral resource estimate
(MRE) is due in Q1 2024.
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
Follow Us
14
Share your feedback
Discover