Future Battery Minerals Identifies New Pegmatite Targets at Miriam
THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) has identified 13 new pegmatite targets across a six kilometre tenement strike of the company’s Miriam lithium project located immediately north of its Kangaroo Hills lithium project (KHLP).
Future Battery Minerals made he identifications via a review and reinterpretation of geophysical data from the Miriam project.
The company has determined the structures to be analogous to the Big Red pegmatite at KHLP, approximately 2 kilometres south, and are associated with coincident resistivity and gravity low anomalies.
Five of these structures have aligned with a 1.6 kilometre north-south strike soil anomaly and outcropping spodumene-bearing pegmatite, which the company suggests demonstrates potential for an extensive shallow pegmatite system at the southern end of Miriam.
Future Battery Minerals made a strategic acquisition of an 85 per cent interest in the Miriam project in May 2024, expanding its regional position to the north of the KHLP.
“Armed with existing geological knowledge of our adjacent Kangaroo Hills Project, we were able to kick off analysis and target-generation activities at the Miriam Project prior to acquisition completion,” Future Battery Minerals managing director and CEO Nick Rathjen said in the company’s ASX announcement.
“Southern Geoscience’s review is now complete and has delivered promising results, with 13 new pegmatite targets identified across the tenement area.
“Particularly noteworthy are the five discrete structures coinciding with a significant soil anomaly and an outcropping spodumene-bearing pegmatite, which bear striking similarities to the Big Red pegmatite at KHLP.
“These targets have us excited for the considerable lithium potential of the Miriam Project, and we are eager to commence follow-up surface sampling to further refine our targets.
“We are currently conducting a wide-spaced extensional soil sampling program to test for potential blind, subsurface pegmatites, including in the northern area of the tenure.
“Once this is complete and following successfully acceptance of our EIS application for co-funding for the initial drilling program at Miriam, we plan to commence drilling in the first half of CY2024.”
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