Asian Battery Metals PLC (ABM) announced on 22 April 2025 that its regional exploration program at the Yambat Project was underway. The Company is now pleased to report promising early-stage results from regional scout drilling at the MS1 and MS2 targets — part of its broader Yambat Project in Mongolia. These findings extend the Yambat prospectivity beyond the Company's flagship Oval copper-nickel discovery.
The location map of the regional exploration area. Image Credit: Asian Battery Metals Plc
Highlights
- A new ultramafic - gabbroic intrusion with weak sulphide mineralization was intersected at MS1, located 6 km southeast of the main Oval Cu-Ni discovery.
- A conductive plate identified via downhole EM supports the possibility of lateral and deeper mineralized zones. A SAMSON EM survey will be designed and completed at the MS1 target to further delineate potential conductor(s).
- MS2 drilling intersects gabbroic rock, visually similar to un-mineralized zones at Oval, suggesting a potential structural linkage and potential for mineralization in this area.
- The ground-based deep penetrating SAMSON EM survey has commenced on the Oval Cu-Ni prospect and will be expanded to the MS1 area.
Commenting on the exploration results, Gan-Ochir Zunduisuren, Managing Director of Asian Battery Metals PLC, said: “These early scout holes at MS1 and MS2 show we are onto a broader mineralized system. The discovery of new mafic-ultramafic intrusions at MS1 and MS2 — with mineralization and EM conductors at MS1 — supports the view that Yambat is a district-scale system. These new targets could represent a parallel mineralized trend to Oval, offering multiple potential pipelines for discovery. We will continue EM surveys and planning of follow-up drilling to most efficiently unlock the potential of these regional targets.”
Next Steps
- Remaining assay results from Phase 3 drilling are expected later this month
- Ongoing SAMSON EM surveys at Oval and MS1
- First metallurgical test results from Oval anticipated in July/August
- Magnetic surveys are planned at MS2 to refine deeper targets
Regional Exploration Update
In 2025, four scout holes (SC06, SC07, CRS02 and CRS03) have been drilled as part of the Company’s broader regional program. Initial results indicate the identification of ultramaficmafic intrusions in the MS1 and MS2 areas, up to 6.0 km from the Oval Cu-Ni discovery.
To read the announcement, please click here