Exploration activities update at Miriam Lithium Project

Future Battery Minerals Limited (ASX: $FBM) has provided an update on the ongoing exploration activities at the Miriam Lithium Project in Western Australia. The Miriam Project, which hosts high-grade spodumene bearing pegmatites, has shown promising results with rock chip samples up to 1.85% Li2O. The company's recent field mapping has identified 11 discrete outcropping pegmatite units across the southern area of the tenure, and additional sampling has generated further positive rock chip assay results.

Executive Commentary on Miriam Project

Future Battery Minerals' Managing Director and CEO, Nick Rathjen, expressed enthusiasm about the recent field work results at the Miriam Project. He highlighted the potential for extended blind, sub-surface spodumene-bearing pegmatites, emphasizing the significant opportunity for future exploration success due to the absence of historic drilling for lithium at the project. Rathjen also mentioned the company's proposed work program, set to undertake smart, high-value lithium exploration at Miriam, and the anticipation of commencing a maiden drilling program during the September quarter.

Summary of Miriam Lithium Project Update

Future Battery Minerals' update on the Miriam Lithium Project showcases the promising results of the ongoing exploration activities. The company's identification of multiple pegmatite outcrops with proven spodumene mineralization and the potential for extended blind, sub-surface spodumene-bearing pegmatites presents an exciting opportunity for future exploration success. The acquisition of the Miriam Project is progressing towards completion, with a shareholder meeting scheduled for May 20, 2024. Following the transaction completion, the company aims to commence a maiden target-testing drill program during the September quarter. The project's strategic location and the absence of historic drilling for lithium provide a significant opportunity for future discovery, aligning with the company's ambitions for smart, high-value lithium exploration at Miriam.