Exceptional drilling program results from Asian Battery Met Plc Chess Depositary Interests 1:1 continue to demonstrate the expanding potential of their Oval Cu-Ni-PGE project in Mongolia. Asian Battery Metals (ASX: AZ9) has delivered another impressive set of assay results from Phase 3 drilling, confirming significant extensions to the known mineralisation. The latest results demonstrate that the copper-nickel sulphide system continues to expand in both scale and consistency, reinforcing the project's potential as a world-class discovery.
Exceptional Drill Results Expand Mineralisation Footprint
The latest assay results from the Phase 3 drilling program have delivered multiple high-grade intersections that extend the known mineralised zone across multiple directions. These exceptional drilling program results from Asian Battery Met Plc Chess Depositary Interests 1:1 showcase the systematic expansion of the resource.
Key Highlights:
• OVD042 extended mineralisation 30 metres northwest, delivering:
- 68.3m at 0.22% Cu, 0.24% Ni, 0.06g/t E3 from 0.6m
- 9.2m at 0.59% Cu, 0.45% Ni, 0.2g/t E3 from 68.9m
- Including 0.12m at 2.54% Cu, 3.53% Ni, 0.42g/t E3 from 71.3m
• OVD043 confirmed near-surface mineralisation with:
- 19.1m at 0.66% Cu, 0.65% Ni, 0.25g/t E3 from 2.1m
- Including 4.4m at 1.42% Cu, 1.29% Ni, 0.24g/t E3 from 2.1m
• OVD046 successfully extended mineralisation 29 metres southeast:
- 34m at 0.24% Cu, 0.26% Ni, 0.09g/t E3 from 153m
- Including 8m at 0.45% Cu, 0.42% Ni, 0.18g/t E3 from 166m
| Drillhole | From (m) | To (m) | Length (m) | Cu % | Ni % | E3 g/t |
|---|---|---|---|---|---|---|
| OVD041 | 91.0 | 113.0 | 22.0 | 0.21 | 0.17 | 0.13 |
| OVD042 | 0.6 | 68.9 | 68.3 | 0.22 | 0.24 | 0.06 |
| OVD043 | 2.1 | 21.2 | 19.1 | 0.66 | 0.65 | 0.25 |
| OVD046 | 153.0 | 187.0 | 34.0 | 0.24 | 0.26 | 0.09 |
Management Commentary:
"These latest assay results reinforce our confidence that Oval hosts a significant copper-nickel sulphide system. The drilling extends the mineralised footprint beyond previous drilling, with consistent sulphide hits across multiple holes." – Gan-Ochir Zunduisuren, Managing Director
Understanding Magmatic Sulphide Systems: What Makes Oval Special
Asian Battery Metals' Oval project represents a magmatic sulphide Cu-Ni-PGE system – a geological formation that occurs when sulfur-rich magmas concentrate valuable metals during the cooling process. These systems are among the world's most significant sources of copper, nickel, and platinum group elements (PGE).
Formation Process
When mafic-ultramafic magmas intrude into the Earth's crust, they can become enriched with sulfur from surrounding rocks. As the magma cools, dense sulfide liquids separate and settle, concentrating valuable metals into distinct zones within the intrusion.
Why This Matters for Investors
Magmatic sulphide deposits typically form large, continuous ore bodies with predictable metallurgy, making them highly attractive to mining companies. The presence of disseminated, semi-massive, and massive sulphides at Oval indicates a mature magmatic system with excellent potential for resource definition.
Furthermore, the "E3" measurement represents the combined precious metals content (Platinum + Palladium + Gold), adding significant value to the base metal mineralisation.
The fact that drilling continues to intersect mineralisation across multiple directions suggests Oval may host a substantial resource. Moreover, these findings demonstrate favourable economics for future development.
Accelerated Development Timeline Through Q4 2025
Asian Battery Metals has outlined a comprehensive work program designed to rapidly advance the Oval project. The drilling program results from Asian Battery Met Plc Chess Depositary Interests 1:1 have provided crucial data for this accelerated timeline.
Immediate Milestones (November 2025)
• Completion of Phase 3 drilling program
• Final assay results (Batch 5) within 1 week
• Completion of metallurgical testing
• Due diligence drilling results from Maikhan Uul Cu-Au VMS project
Near-term Catalysts (December 2025)
• Remaining assay results from extended drilling
• Step-out drilling to southeast of Oval
• Additional target area testing
Technical Advancement
• DHEM surveys have identified multiple conductive plates indicating potential higher-grade zones
• Electromagnetic targeting continues to guide drilling with high accuracy
• Metallurgical studies will provide crucial data for resource evaluation
The company's systematic approach to exploration, combining geophysics with targeted drilling, positions them to rapidly define the scale and scope of the Oval discovery. In addition, this methodical strategy reduces exploration risk whilst maximising resource potential.
Why Oval Positions ABM as a Critical Metals Play
Asian Battery Metals has positioned itself strategically in Mongolia's emerging critical metals sector, with Oval representing a potentially game-changing asset. The project's location in the Central Asian Orogenic Belt places it among similar world-class magmatic sulphide systems.
Investment Strengths
Scale Potential: The mineralised zone remains open along strike and down-dip, indicating significant expansion potential beyond current drilling.
Grade Consistency: Multiple holes continue to intersect broad zones of copper-nickel mineralisation, suggesting a large, homogeneous system.
Technical Validation: Electromagnetic surveys consistently identify conductive targets that correlate with mineralisation, de-risking future exploration.
Strategic Location: Mongolia offers stable mining jurisdiction with established infrastructure connections to Asian markets.
Diversified Portfolio: Beyond Oval, ABM holds the Khukh Tag Graphite and Tsagaan Ders Lithium projects, providing exposure to multiple battery metals.
| Project Comparison | Oval Cu-Ni-PGE | Regional Analogues |
|---|---|---|
| Mineralisation Style | Magmatic Sulphide | Proven globally |
| System Size | Expanding | Large-scale potential |
| Metal Suite | Cu-Ni-PGE | High-value combination |
| Exploration Stage | Resource definition | Advanced |
What Do These Results Mean for Resource Estimation?
The exceptional drilling program results from Asian Battery Met Plc Chess Depositary Interests 1:1 provide crucial insights for future resource calculations. The consistent intersections across multiple drill holes suggest a robust geological system with predictable mineralisation patterns.
The broad intercepts, particularly the 68.3m intersection in OVD042, indicate substantial mineralised zones that could support large-scale mining operations. Additionally, the presence of higher-grade zones within broader mineralised envelopes suggests potential for selective mining approaches.
Consequently, these results position Asian Battery Metals favourably for resource definition studies. The technical team's ability to successfully predict mineralisation through electromagnetic surveys further validates their exploration methodology.
Strategic Positioning in Asia's Energy Transition
Asian Battery Metals has emerged as a compelling investment opportunity in the critical metals space, with the Oval discovery representing a potentially significant copper-nickel resource. The location within one of the world's most prolific mineral belts enhances the project's strategic value.
The combination of consistent high-grade results, expanding mineralisation, and systematic exploration approach positions ABM as a company to watch closely. With multiple near-term catalysts including final Phase 3 results and metallurgical testing, the next few months could be transformative for the company's valuation.
The growing mineralised footprint at Oval, demonstrated through successful step-out drilling in multiple directions, suggests investors are witnessing the early stages of a major discovery. As Asian demand for critical metals continues to surge, projects like Oval become increasingly strategic assets.
Furthermore, the technical validation through electromagnetic surveys provides additional confidence in the exploration program. The correlation between conductive plates and mineralisation intercepts demonstrates the effectiveness of the company's targeting methodology.
However, investors should note that resource definition remains the next critical milestone. The completion of metallurgical testing will provide essential data regarding processing characteristics and potential recovery rates.
Key Investment Takeaway:
Asian Battery Metals has positioned itself as a major player in Asia's critical metals sector, with the expanding Oval Cu-Ni-PGE discovery offering significant upside potential. With final Phase 3 results due within weeks and metallurgical testing completion in November 2025, investors should closely monitor developments as the company advances toward resource definition.
Is Asian Battery Metals Your Next Strategic Investment Opportunity?
With exceptional drilling results continuing to expand the Oval Cu-Ni-PGE project's mineralised footprint and final Phase 3 assay results due within weeks, Asian Battery Metals presents a compelling investment case in the critical metals sector. The company's systematic approach to resource definition, combined with upcoming metallurgical testing completion, positions AZ9 at a pivotal inflection point. To explore the full investment potential of Asian Battery Metals' expanding portfolio and understand how their Mongolian projects could benefit from Asia's growing demand for battery metals, visit www.asianbatterymetals.com for comprehensive company information and project updates.
