Highlights
- Strong assay results confirm high-grade copper-nickel mineralisation
- Drilling reveals deeper sulphide zones with scale potential
- EM survey to accelerate next phase of exploration
Asian Battery Metals (ASX:AZ9) has announced impressive assay results from its Phase 3 drilling program at the Oval Cu-Ni-PGE discovery, part of the Yambat Project in Mongolia. The findings reinforce confidence in both the continuity and scale potential of this high-grade system—generating fresh momentum around the company and adding interest to critical mineral developments within the ASX200 index.
Strong Intercepts Support Expanding Mineralisation Model
The standout result came from drillhole OVD034, which intersected 1.3 metres of high-grade massive sulphide with 4.70% copper (Cu), 3.65% nickel (Ni), 1.19g/t platinum group elements (E3), and 0.12% cobalt (Co). This zone sits within a broader 34-metre interval returning 0.51% Cu, 0.47% Ni, and 0.14g/t E3, validating earlier interpretations of the mineralised body.
Drillhole OVD033, probing the southeastern extension, delivered another key intercept—88.5 metres at 0.62% Cu, 0.45% Ni, and 0.22g/t E3. A richer internal zone revealed 16.1 metres at 1.39% Cu and 0.68% Ni, highlighting the consistency and expansion potential of the system.
Depth Continues to Deliver
Further reinforcing the geological model, drillhole OVD032 tapped into deeper high-tenor sulphides—logging 0.5 metres at 1.39% Cu, 1.91% Ni, and 0.62g/t E3 from 293.7 metres. These deeper zones could point to feeder systems beneath the Oval intrusion, providing a priority vector for future exploration targeting.
Next Steps in Exploration
A ground-based electromagnetic (EM) survey is set to commence in June to better identify potential feeder zones and refine future drill targets. Meanwhile, assay results from additional drillholes, such as OVD036 and OVD040, are expected later this month. These efforts are part of a fully funded 2025 exploration campaign, aimed at unlocking further value from the 100%-owned Yambat Project.
Asian Battery Metals continues to strengthen its presence in the critical minerals space, with additional interests in the Khukh Tag Graphite and Tsagaan Ders Lithium projects. This broader portfolio is aligned with the company’s commitment to supporting the global clean energy transition—an area increasingly recognised in the ASX dividend stocks space for its long-term investment potential.
The momentum at Yambat could play a pivotal role in reinforcing Asian Battery Metals’ position on the radar of institutional and retail market participants closely watching ASX200 resource plays.