Future Battery Minerals Ltd announces successful extension of Big Red pegmatite

Future Battery Minerals Ltd (ASX: $FBM) has announced the successful extension of the high-grade Big Red pegmatite at its 100%-owned Kangaroo Hills Lithium Project (KHLP) in Western Australia. The Phase 4B Reverse Circulation (RC) extensional drilling program comprised 19 holes for 3,109m and resulted in the extension of the thick, high-grade Big Red pegmatite a further 200m to the north-east. The results have confirmed the known footprint of Potoroo to over 250m, including the recent Potoroo pegmatite discovery identified in Phase 4A drilling. The company is now set to commence the next drilling phase, focusing on key walk-up targets at Miriam.

Executive commentary on Phase 4B drilling results

The Managing Director and CEO of FBM, Nick Rathjen, expressed his satisfaction with the Phase 4B drilling results, stating, 'The latest phase of KHLP drilling has demonstrated that the Big Red pegmatite and the KHLP more broadly has plenty to offer. We were targeting up to 200m of further northern strike extent at similar Big Red widths and grades, and that is exactly what the Phase 4B results have delivered. Encouragingly, the dip of Big Red also appears to shallow to the north, averaging approximately -20° around the northern-most intercept hole, KHRC194. While we plan to test for further extension of Big Red to the north, our next phase of drilling is designed to assess the highly prospective initial targets at our recently acquired, neighbouring Miriam tenure.' Rathjen also highlighted the company's commitment to advancing both the KHLP and Miriam Projects through highly targeted, cost-effective exploration.

Summary of Phase 4B drilling results and future plans

The Phase 4B drilling program at the Kangaroo Hills Lithium Project has successfully extended the high-grade Big Red pegmatite, confirming its known footprint to over 600m and remaining open to the north. Additionally, the results have confirmed the known footprint of Potoroo to over 250m, including the recent Potoroo pegmatite discovery. The company's next phase of drilling will focus on the highly prospective initial targets at the Miriam tenure. FBM continues to review the planned scale and scheduling of all drilling programs given current market conditions, while maintaining a strong cash position and a bullish outlook on the long-term lithium market. The company remains committed to advancing both the KHLP and Miriam Projects through cost-effective exploration.