Asian Battery Metals PLC Further Massive Sulphides Intercepted at Oval Discovery

Further massive sulphides intercepted at oval copper-nickel discovery.

• Drill hole OVD036 intercepted additional massive sulphide mineralization 130.0 m down dip from the earlier intersection in OVD0251 , extending the mineralization at North Oval.
• OVD038 and OVD039 confirm shallow gabbroic rock, potentially linking the North Oval and Oval zones.
• OVD040 intercepted 6.9 m of massive sulphide from a 95.5 m depth – 22 m north of the previous massive sulphide interception in OVD0212—suggesting strong continuity.
• Advanced deep penetrating ground electromagnetic (Samson EM) surveys are mobilizing from Australia this month to refine targets and explore new anomalies.
• The low cost of drilling in Mongolia enables the Company to maintain a strong balance sheet to fund the next phase of work. Drilling will recommence once the Samson EM results are received.

Commenting on the exploration results, Gan-Ochir Zunduisuren, Managing Director of Asian Battery Metals PLC, said: “The latest drill results suggest a potential of 800 m long zone of shallow mineralization from North Oval through to Oval, with more massive sulphides intercepted in OVD036 and OVD040.

The assays from drilling are pending, and the Samson EM survey will start shortly. As our exploration continues, we have expanded our mineralization footprint, identified a depth extension, and added new targets at the project.

Results from regional scout drilling will be announced to the market shortly.”