High-Grade Sulphides Boost Asian Battery Metals' Oval Discovery in ASX200 Exploration Zone

May 06, 2025 12:57 PM AEST | By Team Kalkine Media

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High-Grade Sulphides Boost Asian Battery Metals' Oval Discovery in ASX200 Exploration Zone — Image source: shutterstock

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Highlights

High-grade sulphides intersected at Mongolia’s Oval Cu-Ni-PGE discovery

Multiple drillholes confirm mineralisation and magmatic feeder system

Advanced geophysical surveys underway with assays due late May

Asian Battery Metals (ASX:AZ9) has announced promising developments from its Phase 3 diamond drilling campaign at the Oval copper-nickel-platinum group element (Cu-Ni-PGE) discovery in Mongolia. The recent drilling program has intersected high-grade and massive sulphide zones, reinforcing the prospectivity of the Oval target within the larger Yambat Project.

One of the key highlights comes from drillhole OVD032, which intersected a 1.8-metre high-grade sulphide zone believed to be part of a magmatic feeder dyke system. This finding enhances geological understanding of the mineralising pathway and points to a deeper magmatic source. Supporting this, a new downhole electromagnetic (DHEM) plate—OVD032_C—was detected 300 metres beneath the drill path.

Another strong result came from OVD033, which returned 28.7 metres of net-textured sulphide from 91.3 metres downhole. The mineralisation appears consistent with high-grade zones previously discovered in OVD0217 and OVD02710, suggesting a continuation of the sulphide body along strike. Though a fault collapse impeded full DHEM surveying in this hole, initial readings support further exploration.

In the north-south extension area, drillhole OVD034 intersected multiple mineralisation textures, including 1.3 metres of massive sulphide grading 12.0% chalcopyrite, 74.0% pyrrhotite, and 6.0% pyrite. This drillhole confirms mineralisation continuity seen in earlier holes such as OVD02612 and OVD02613.

While OVD035 did not yield significant mineralisation, it provided valuable geological data, contributing to a more detailed regional model. This forms part of Asian Battery Metals’ broader exploration roadmap, which now includes deeper-penetrating geophysical surveys and step-out drilling across the Yambat Project.

The company’s strategy aligns with broader investor interest in ASX dividend stocks, especially within the resource exploration space, offering exposure to emerging energy materials vital for the battery supply chain.

Asian Battery Metals (AZ9) continues to progress its exploration efforts within regions of strategic significance, notably aligning with initiatives tied to the ASX200, underscoring the potential scale and economic viability of its Mongolian asset.

Looking ahead, additional drilling and a SAMSON Fixed Loop Electromagnetic (FLEM) survey are scheduled. Assay results from current holes are expected in late May 2025, which will further inform next-phase exploration and refine targeting across the Oval and regional prospects such as Copper Ridge and CR Far East.

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