Quarterly Activities/ Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
1
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28 October 2025
QUARTERLY ACTIVITIES REPORT – SEPTEMBER 2025
HIGHLIGHTS
Phase 1 Miriam Drilling Delivers Gold Exploration Success
• Phase 1 Reverse Circulation (RC) drilling programme successfully completed at Miriam Project (Miriam),
consisting of twenty-one (21) holes for 1,900m drilled, targeting the Forrest and Canyon prospects.0F
1,1F
2
• Single metre assays returned post-end of the quarter delivered substantial uplift in several intercepts,
assisting FBM in better refining the definition of key mineralised zones at Forrest and Canyon.2F
3
• Numerous thick, high-grade gold intercepts returned at Forrest within shallow oxidised areas, including
significant extensional outcomes to known gold zones.3F
4
• Significant regolith and fresh rock-hosted intercepts (1m sample results) include:
─ 33m @ 2.80 g/t Au from 35m (FGRC004), including 12m @ 4.39 g/t Au from 33m
─ 29m @ 1.45 g/t Au from 32m (FGRC001), including 14m @ 2.33 g/t Au from 38m
─ 19m @ 1.79 g/t Au from 25m (FGRC006), including 4m @ 5.72 g/t Au from 37m
─ 14m @ 2.08 g/t Au from 55m (FGRC005), including 4m @ 4.30 g/t Au from 64m
─ 12m @ 1.56 g/t Au from 75m (FGRC003) (Fresh Rock Primary Gold Lode Discovery)
─ 9m @ 2.83 g/t Au from 46m (FGRC007)
• Strong gold anomalism within regolith was identified at Canyon (1m sample results) including:4F
5
─ 18m @ 0.92 g/t from 28m (CYRC001), including 3m @ 3.28 g/t from 43m
─ 8m @ 0.72 g/t Au from 33m (CYRC007), including 3m @ 1.75 g/t Au from 33m
─ 4m @ 1.46 g/t Au from 59m (CYRC004)
• Identification of a mineralised shear zone (named the Miriam Shear) containing thick gold intercepts and
quartz veining within shallow oxidised rock. The greater Miriam shear zone extends for 6.2 km through the
centre of the Miriam tenure and is coincident with Forrest and other regional targets where limited drilling
has been undertaken.
Miriam Phase 2 Extensional Drilling Underway
• Expanded Phase 2 RC drilling programme, consisting of 35 holes for 3,700m drilled, successfully
completed at Miriam post end of the quarter
• Drilling at Forrest targeted further thick, high-grade oxide extensions to the north, south and west, and
tested for new fresh rock lode extensions.
• At Canyon, drilling further targeted the Miriam Shear zone and tested deeper fresh rock targets for a
potential source of the strong regolith gold anomalism.
• Initial drilling at Forrest South conducted to validate the lone historical intercept of 16m @ 0.93 g/t Au
from 44m (LDC007) located over 250m south of Forrest.
1
Refer to ASX Announcement dated 14 July 2025 – “Gold RC Drill Program Commences at Miriam”
2
Refer to ASX Announcement dated 22 July 2025 – “Completion of Phase 1 Gold Drilling at Miriam”
3
Refer to ASX announcement dated 20 October 2025 – “Single-Metre Assays Enhance High-Grade Gold Potential at Miriam”
4
Refer to ASX announcement dated 2 September 2025 – “Thick High-Grade Gold Intersected at Forrest”
5
Refer to ASX announcement dated 15 September 2025 – “Strong Regolith Gold Anomalism Identified at Canyon”
2
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Unlocking Gold Exploration Potential at Burbanks East
• Extensive review of all historical exploration drilling and soil sampling data at the Burbanks East Project
(Burbanks East) completed with six (6) broad surface gold anomalies (with limited historical drill testing)
identified, including a 2.7km long anomaly with no historical drill testing.5F
6
• Historical drilling returned numerous shallow significant intercepts in shallow regolith across multiple areas:
─ 8m @ 3.37 g/t Au from 32m (KSC3339)
─ 10m @ 0.9 g/t Au from 36m including 2m @ 3.1 g/t Au (LEB122)
─ 3m @ 4.57 g/t Au from 28m (KSC3314)
• Seven (7) broad gold targets defined through litho-structural interpretation, with numerous targets strongly
coincident with elevated geochemical anomalies and previously identified 2.7km anomalous gold trend.6F
7
Option Agreement to Acquire the Randalls Gold Project
• Binding agreement signed for a six-month option to acquire 100% ownership of the Randalls Gold Project,
located approximately 65 km east of Kalgoorlie and within 50km of established operating gold mines.
• Randalls comprises six (6) tenements consisting of ~620km2 of highly prospective Archaean greenstone,
sediments and Banded Iron Formations, along with key regional structures prospective for orogenic gold.
Corporate and Business Development Pipeline
• Detailed evaluation of a range of additional regional consolidation opportunities, strategic partnerships and
potentially value accretive acquisitions undertaken through the quarter.
• Cancellation of 16,500,000 performance rights issued to FBM directors.
• FBM remains well-funded to undertake all planned exploration activities through 2025 and beyond with a
strong cash balance of A$5.3 million and zero debt (excluding typical trade creditors) as at quarter end.
DECEMBER 2025 QUARTER PLANNED ACTIVITY
Miriam
• Results from Phase 2 drilling programme expected in batches from early November 2025.
• Heritage surveys planned for late October to cover Burbanks Monarch, Goroke, Blue Bell and Burbanks
Grand Junction ahead of planned 2026 regional exploration programs at Miriam.
• Soil sampling of newly cleared heritage areas to commence in November to further work-up targets.
• Phase 3 drill program expected to commence following receipt of Phase 2 results.
Burbanks East
• Tenure advancing to grant with FBM currently negotiating a Heritage Protection Agreement (HPA) with
the relevant Native Title Party, with targeted exploration of Burbanks East to follow grant of tenure and
complementing ongoing exploration programmes at Miriam.
Randalls
• Review and validation of historical gold exploration drilling data (underway).
• Litho-magnetic geophysical review, including collation of all public magnetic survey data, aiming to identify
key lithological features such as the Mount Belches BIF and structural targets.
6
Refer to ASX Announcement dated 1 July 2025 – “Burbanks East Historical Shallow Drill Results of up to 8m at 3.37g/t gold”
7
Refer to ASX Announcement dated 4 August 2025 – “Further Broad Gold Targets at Burbanks East”
3
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• Collation and review of all surface geochemical data to compare to potential bedrock targets identified in
the litho-magnetic geophysical review, ground truthing and mapping
• Negotiate Heritage Protection Agreement (HPA) with relevant Native Title Parties for applications.
Business Development
• FBM continues to assess further regional consolidation opportunities, strategic partnerships and potentially
value accretive acquisitions.
FBM Managing Director, Nicholas Rathjen, commented:
“FBM has rapidly unlocked an emerging, high-potential gold opportunity at Miriam through the rapid execution
of both its Phase 1 and Phase 2 RC drilling programmes over the September quarter. The receipt of Phase 1
results for Forrest and Canyon proved foundational to the ongoing gold exploration strategy across our
Coolgardie portfolio, confirming the efficacy of historical drilling results and delivering strong potential for further
extensions to multiple high-grade gold zones.
“With the receipt of single-metre Phase 1 assay results post the end of the quarter, we have further validated
our growing belief in Miriam as a significant exploration opportunity. This initial drilling success was
immediately followed up with Phase 2 drilling, which was expanded to consist of 35 holes for 3,700m, targeting
extensions at Forrest and Canyon along with initial drill testing at Forrest South.
“The programme at Forrest focused on testing extensions to the shallow gold mineralisation identified at hole
FGRC004, which previously delivered a stand-out intercept of 33m @ 2.80 g/t Au from 35m. This drilling
targeted identified oxide trends to the west and north, along with new fresh rock potential. Phase 2 drilling at
Forrest also tested the continuation of primary fresh rock lodes identified in hole FGRC003 (12m @ 1.56 g/t
Au from 75m, including 1m @ 5.21 g/t Au from 85m). The successful delineation of these primary gold lodes
holds the potential for a significant increase in scale at Forrest.
“At Canyon, Phase 2 drilling focused on testing extensions to the strong gold anomalism within regolith,
including hole CYRC001, which intercepted a wide, mineralised shear zone containing thick gold intercepts
and quartz veining within shallow oxidised rock. Phase 2 drilling at Canyon targeted follow up of this gold
anomalism which remains open to the east, north and at depth. Canyon is on the 6.2km long Miriam shear
which remains largely untested for much of its strike length.
“With Phase 2 drilling now complete, we expect the progressive receipt of assay results through to mid-
November. These results will inform the direction of future drilling in subsequent programs we have planned
at Miriam for H1 2026.
“At Burbanks East, litho-structural interpretation identified seven broad and discrete structural gold targets,
many of which are highly coincident with elevated gold-in soil anomalies previously identified through historical
geochemical review. Pleasingly, these results mirror the gold targeting evaluative work produced to date at
Miriam, reflecting the potential implementation of a similar gold exploration model and strategy at Burbanks
East in the near future. While we progress the Burbanks East tenure applications to grant, additional ground
truthing and mapping is in progress to refine and advance these targets to drill-ready status.
“Our proven low-cost gold exploration strategy remains strongly underpinned by a robust cash balance of
A$5.3 million at quarter end. In addition to our exploration programmes at Miriam and Burbanks East, we
continue detailed assessment of a range of new opportunities, including the acquisition of new underexplored
strategic landholdings that offer additional synergies to our portfolio in the W.A. Goldfields. Stay tuned as we
continue to pursue new gold discoveries and unlock additional resource growth potential across our Coolgardie
portfolio throughout the remainder of 2025 and beyond.”
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MIRIAM PROJECT (100%), WESTERN AUSTRALIA
Overview of gold prospectivity
The Miriam tenure covers a region of the Coolgardie Greenstone Belt overlying a suite of mafic and ultramafic
units along with felsic intrusives. Miriam also overlies formations and structural trends that host multiple nearby
gold deposits, including Horizon Minerals’ Burbanks (466 koz @ 2.4 g/t Au), Beacon Minerals’ McPhersons
Reward (132 koz @ 1.2 g/t Au) and Focus Minerals’ Coolgardie Operations (2.7 Moz @ 1.8 g/t Au).7F
8
Any future gold discoveries at Miriam are set to benefit from exceptional commercialisation optionality with
several operating gold mills in close proximity to the area. The Burbanks Mine, which is located only 1 km
north of the Miriam tenure, contains a mill and processing plant owned by Auric Mining. The Greenfields Mill,
owned and operated by FMR Investments, and the Three Mile Hill Mill, owned and operated by Focus Minerals,
are approximately 16 kilometres by a sealed road to the north-east.
8
Refer to Horizon Minerals Reserves & Resources, Beacon Minerals ASX announcement dated 6th
November 2024 and Focus Minerals
ASX Announcement dated 1st
December 2023
5
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Figure 1: Regional map of the Eastern Goldfields
Phase 1 RC Drilling Programme
In July 2025, FBM conducted a gold-focused RC drilling programme at Miriam. The programme consisted of
twenty-one (21) holes for approximately 1,900m drilled and was designed to target gold mineralisation at the
highly prospective Forrest and Canyon prospects.
Figure 2: Plan view of Miriam with notable Phase 1 drilling results
During Phase 1 drilling, both 4m composite and 1m sampling was completed, with a combination of these
results subsequently announced for Forrest and Canyon in September 2025. 4m composite samples were
taken from areas where oxidation was too intense to visually identify potential gold mineralisation.
6
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Following the full release of Phase 1 results from Forrest and Canyon, FBM returned to the field to collect the
corresponding 1m cyclone split samples from any 4m composites which returned a value greater than 0.1 g/t
Au.
Subsequent to the end of the September quarter, FBM released these single-metre sample assay results,
which have significantly upgraded several of the key intercepts at both Forrest and Canyon. The results
summarised below reflect these updated intercepts where applicable.
Forrest prospect
FBM released the first batch of assay results pertaining to the ten (10) holes drilled at the Forrest prospect on
2 September 2025.
FBM’s drilling at Forrest was designed to confirm and extend historic exploration conducted in the 1990s,
where multiple flat-lying lodes of gold mineralisation were identified within regolith but provided limited historical
understanding of bedrock potential. This historical drilling resulted in the discovery of shallow oxide gold
mineralisation over a strike of 600m and produced numerous shallow intercepts highlighting attractive
thicknesses and grades.
FBM previously collated all historical drilling data in May 2025 and found that much of the data lacked detailed
geological logging and was missing key details with respect to depth of oxidation, lithology and texture. As a
result, only limited interpretation and modelling of the gold mineralisation could be achieved, however the
upside potential was recognised and a key focus of the Phase 1 drilling.
Significant historical intersections at Forrest included8F
9:
12m @ 2.09 g/t Au from 60m (MRC97-15)
10m @ 2.51 g/t Au from 30m (FGA002)
10m @ 2.09 g/t Au from 30m and 4m @ 4.86 g/t Au from 73m (MRC97-5)
5m @ 7.35 g/t Au from 70m (MRC97-25)
FBM designed a compact 10-hole program at Forrest to confirm the location, grade and thickness of the
identified gold lodes and to test potential dip, strike and plunge extensions. Drilling was also designed to test
potential extensions of mineralisation to the north-east and south-west.
9
Refer to FBM ASX announcement dated 27 May 2025
7
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Figure 3: Plan view of Forrest with new drill holes results
Extensions and fresh rock discovery
The best result from the Phase 1 Forrest drilling was hole FGRC004, which returned a thick gold intercept of
33m @ 2.80 g/t Au from 35m downhole (4m composite sample: 33m @ 1.57 g/t Au from 35m). This hole
was designed to target a historic 30m line extension from where historical hole BMRC97-35 previously
intercepted 5m @ 3.31 g/t Au from 85m downhole (refer Figure 4).
8
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Hole FGRC004 exceeded expectations, significantly extending mineralisation further to the west, and included
a high-grade section of 12m @ 4.39 g/t Au from 33m downhole (4m composite sample: 16m @ 3.10 g/t Au
from 44m). The result highlights the prospectivity of this zone at Forrest and indicates that there is further
potential for extensions to this significant lode to both the north, south and down dip.
Figure 4: Cross section of FGRC004 6562930N
In the southwest of Forrest, hole FGRC003 was designed to test a potential plunge extension of the modelled
lodes. The hole intercepted quartz veining with minor sulphides on the oxide/fresh rock contact at 75m down
hole depth and resulted in an intercept of 12m @ 1.56 g/t Au from 75m, including 3m @ 2.87 g/t Au from
79m downhole – highlighting the successful identification of the primary fresh rock lode at Forrest. Further
deeper drilling is required to track this lode in fresh rock along strike.
Other successful extensional holes included FGRC007 (9m @ 2.83 g/t Au from 46m downhole) and
FGRC008 (3m @ 0.86 g/t Au from 81m downhole), which successfully intercepted a north-east extension of
Forrest.
Importantly, these results, including FGRC004, highlight that the Forest mineralised system remains open in
multiple directions. Remodelling of the system has greatly improved FBM’s understanding and supports
potential to extend the mineralisation to the south, north and west targeting key trends identified in FGRC004,
FGRC007 and FGRC008 and surrounding historic holes. Following the Phase 1 program, FBM was able to
more accurately model the oxidised and fresh rock boundaries at Forrest.
This work has helped identify several other potential sites of fresh rock primary gold mineralisation in historic
drilling. Historical air core drilling at the southern end of Forrest proved to be too shallow and ineffective in
identifying the gold lode. This represents an additional opportunity for FBM to further test potential fresh rock
extensions at Forrest.
9
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Infill intercepts
Historically identified lodes were able to be extended or joined, including hole FGRC001 which intercepted
29m @ 1.45g/t Au from 32m downhole (which was targeting the historical intercept at hole MRC97-5 of 10m
@ 2.09 g/t Au from 30m downhole and 6m @ 0.44 g/t Au from 46m downhole).
The programme has also successfully intercepted the targeted lodes from historical drilling, including the thick
high-grade intercepts at holes FGRC005 and FGRC006, which targeted the historical drill hole (MRC97-15)
that previously intercepted 12m @ 2.09 g/t Au from 60m downhole (refer Figure 5). Significant results included:
14m @ 2.08 g/t Au from 55m, including 4m @ 4.30 g/t Au from 64m (FGRC005)
19m @ 1.79 g/t Au from 25m, including 4m @ 5.72 g/t Au from 37m (FGRC006)
Significantly, these intercepts were all contained within weathered and oxidised mafic rock units and
associated with quartz veining. In some cases, remnant alteration could also be identified.
The release of 1m sampling assay results also included new significant intercepts including:
4m @ 1.28 g/t Au from 34m (FGRC010)
Figure 5: Long section of Forrest gold lodes
10
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Canyon prospect
FBM announced the results pertaining to the Canyon prospect on 15 September 2025. Phase 1 drilling at
Canyon consisted of 11 holes for approximately 800m, targeting specific geophysical zones within the large
1.75 km target defined by both elevated gold in surface soil samples and geophysical anomalies. Nine (9) of
the holes targeted a portion of an interpreted shear zone located approximately 1.5 km south of the Forrest
prospect.
The 9 holes tested a strike length of 200m of the interpreted shear where magnetic features had a high
coincidence to the Forrest magnetic signature. The shear zone was successfully located and intercepted within
three (3) holes, CYRC001, CYRC004 and CYRC007. Notably, all 3 holes were drilled on the eastern most
boundary of their respective fence lines and all resulted in anomalous gold intercepts within upper oxide zones.
Figure 6: Canyon prospect Phase 1 drill hole results
11
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Hole CYRC001 produced the best result from Canyon, returning 18m @ 0.92 g/t from 28m including 3m @
3.28 g/t from 43m (4m composite sample: 20m @ 0.55 g/t Au from 28m, including 4m @ 1.60 g/t Au from
40m). The single metre sample result significantly upgraded this discovery result from what was previously
considered a conceptual geophysical target supported by elevated gold in soils.
Both quartz veining and remnant alteration was observed within the oxide intercept. Importantly, this highlights
the successful location of a gold bearing shear zone now termed the Miriam Shear, which remains open to the
east, north, and at depth.
As FBM further explores this significant gold bearing structure, substantial potential remains for zones along
strike to exhibit supergene enrichment of gold within the upper oxide zones similarly observed at Forrest and
for grades to increase within fresh rock at depth.
Drilling initially tested magnetic features located slightly west of the apparent Miriam Shear zone which were
believed to be the targeted structure. However, this has now been confirmed as a parallel gold-bearing
structure where drilling intercepted 3m @ 1.03 g/t from 6m (CYRC002) and 1m @ 0.53 g/t from 64m
(CYRC006). This structure, although presently lower in grade, is highly prospective and remains open to the
north where FBM plans to conduct further drill testing. This zone is also yet to be tested within fresh rock.
The Phase 1 RC drilling programme was very successful in expanding FBM’s understanding of the geology at
Miriam and in the identification of the Miriam Shear zone, validating previous interpretations derived from
desktop evaluation of magnetic geophysics.
The Miriam Shear has been interpreted from drill chips exhibiting a strong mylonitic fabric dominantly present
within the more ductile ultramafic lithologies and are present proximally adjacent to the contact of more brittle
mafic units or basalt. The Miriam Shear and contact between the mafics and ultramafics can be traced along
a 6.2 km strike through the centre of the Miriam tenure. Critically, this shear zone is coincident with the Forrest
prospect and other regional targets including Forrest South and Burbanks Monarch.
From a regional perspective, the Miriam Shear zone is located on the contact between the Lindsays Formation
to the west and the Brilliant Formation to the east. The contact and rheology of these two units is significant
as the Lindsays Formation consists of metamorphosed tholeiitic basalts which are typically more brittle in
nature while the Brilliant Formation consists of komatiitic ultramafics and high magnesium basalts which are
typically more ductile.
FBM has interpreted this sheared contact to be a prospective conduit for gold. Additionally, any sites of cross
cutting faults or potential intrusions also possess strong prospectivity for gold deposition. The Lindsays and
Brilliant Formations form part of the larger Coolgardie Greenstone Domain which hosts numerous large scale
gold deposits.
Phase 2 RC Drilling Programme
Following the success of the Phase 1 programme at both Forrest and Canyon, FBM commenced its Phase 2
RC programme. FBM elected to double the size of the Phase 2 programme, which was expanded to 35 holes
for 3,700m drilled. Phase 2 drilling targeted the Forrest and Canyon prospects along with initial drilling at
Forrest South.
The Phase 2 drilling programme was completed post the end of the September quarter. All samples have been
submitted for analysis with results expected to be received in batches from late October through to early-mid
November 2025.
Drilling at Forrest focused on targeting:
Extension of the shallow gold mineralisation identified in Phase 1 drill hole FGRC004 (33m @ 2.8 g/t
Au from 35m) by targeting identified oxide trends to the west and north, as well as testing of fresh rock
potential in that zone; and
12
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Testing the continuation of the primary fresh rock lodes identified in Phase 1 drill hole FGRC003 (12m
@ 1.56 g/t Au from 75m, including 1m @ 5.21 g/t Au from 85m), with successful delineation of the
primary lodes potentially leading to a significant increase in scale at Forrest.
At Canyon, follow-up drilling focussed on:
Testing extension to the strong gold anomalism within regolith, including 18m @ 0.92 g/t Au from 28m
(CYRC001), identified within the Miriam Shear Zone in Phase 1.
Targeting the important mineralised shear to the east of CYRC001 and testing deeper fresh rock
intercepts for a potential source of the strong regolith intercept.
Initial testing of Forrest South was aimed to validate the lone historical intercept of 16m @ 0.93 g/t Au from
44m (LDC007)9F
10 located over 250m south of Forrest. Successful validation of gold in regolith at Forrest South
could significantly increase the strike length potential of the shallow high-grade mineralisation at Forrest.
Figure 7: Video from Phase 2 drilling programme – click video for link
10
Refer to ASX release dated 27 May 2025
13
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Next steps
Other regional prospects
FBM currently has several other underexplored regional prospects that are progressing towards drill ready
status. The Company plans to develop additional targets at these prospects through surface geochemical
sampling, geophysical surveys and through subsequent drill testing in upcoming programmes.
Along with Forrest South, the heritage survey completed in August 2025 cleared the Jungle prospect, which is
also located between the Forrest and Canyon prospects (refer Figure 1). Historical drilling intercepted7:
4m @ 3.77 g/t Au from 94m (FGC001)
10m @ 0.62 g/t Au from 30m (DPR022)
An additional heritage survey is scheduled for late October 2025 to clear the northern section of Miriam
covering the Burbanks Monarch, Goroke, Blue Bell, and Burbanks Grand Junction West prospects. Having
these surveys in place will enable further evaluation and exploration of the untested northern regions of the
Miriam Shear zone.
While limited regolith drilling has tested the occurrences at these prospects, more work will be required to
better evaluate underlying gold potential. Key historical intercepts include7:
5m @ 2.3 g/t Au from surface (MID014) – Goroke
12m @ 1.04 g/t Au from 15m (FGA059) – Goroke
5m @ 1.94 g/t Au from 25m (FGA073) – Burbanks Monarch
10m @ 0.90 g/t Au from 30m (FGA050) – Burbanks Monarch
BURBANKS EAST PROJECT (100%), WESTERN AUSTRALIA
Burbanks East is located directly east (~2 km) of the Burbanks Mine (current resource 466koz @ 2.4 g/t Au)
owned by Horizon Minerals (ASX: HRZ) and approximately 2.5 km from Miriam and 7 km from Kangaroo Hills.
Broad surface gold anomalies identified at Burbanks East
Following the expansion of the Burbanks East tenure to over 10km2 in June 202510F
11, FBM commenced an
extensive review of all available historical data covering the new tenements to better evaluate the underlying
gold potential. This included the review of historic surface geochemistry and drilling activities which discovered
multiple shallow drilling intercepts and uncovered six (6) broad (>20ppb) gold anomalies11F
12 with limited
historical follow-up.
Investigation into shallow RAB and AC drilling conducted by exploration companies, Croesus Mining NL,
Monarch Resource Limited, Mt Kersey Mining and Cazaly Resources during the late 1990’s and early 2000’s
and RC drilling completed by Beacon Minerals in 2024 highlighted numerous significant gold intercepts within
regolith, including:
8m @ 3.37 g/t Au from 32m (KSC3339)
11
Refer to ASX announcement dated 5 June 2025
12
Refer to ASX announcement dated 1 July 2025
14
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6m @ 1.84 g/t Au from 44m (KSC3336)
10m @ 0.9 g/t Au from 36m including 2m @ 3.1 g/t Au (LEB122)
3m @ 4.57 g/t Au from 28m (KSC3314)
While most of the drilling is shallow in nature and wide-spaced, many of the anomalous intercepts are poorly
understood or not closed out and remain open to future testing. Additionally, most of the anomalous surficial
gold targets have no basement fresh rock drill testing, including a 2.7km striking target which has no
reported exploration drilling.
The results of this review strongly validate the Company’s low-cost, systematic approach to exploration,
contributing meaningfully to FBM’s understanding of the surrounding region and enabling leveraging of future
resource potential through further derisking utilising these exploration techniques.
Figure 8: Burbanks East – Historical Drill Hole Locations and Surface Geochemical Anomalies
15
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Future Battery Minerals Ltd
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Broad gold targets defined through review of magnet
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