Strategic Drilling Resumes at Asianbatterymet’s Oval Copper-Nickel Project

Strategic Drilling Program Targets Promising Conductivity Zones

Asian Battery Metals has resumed its critical Phase 3 drilling program at the Oval Copper-Nickel Project in Mongolia's Gobi Altai province. The program was temporarily paused to allow for completion of SAMSON electromagnetic surveys, which have now identified multiple high-priority conductive plates across several exploration zones.

"We are excited to recommence the drilling program at our Oval Cu-Ni project," said Gan-Ochir Zunduisuren, Managing Director. "As further ground EM measurement in the field continues, it is important for us to test the initial plates of conductivity identified from the fixed loop electromagnetic survey. This program aims to confirm the SAMSON EM surveys as an effective tool to potentially significantly expand the Oval Cu-Ni footprint."

The drilling campaign will focus specifically on testing conductivity plates across four key areas:

• Oval zone
• North Oval zone
• South zone
• MS1 area

This comprehensive approach is designed to provide essential structural information while potentially expanding the known mineralisation footprint at the property.

Understanding Electromagnetic Surveys in Mineral Exploration

Electromagnetic (EM) surveys represent a critical exploration technique for identifying potential mineral deposits, particularly those containing conductive minerals like copper and nickel sulphides.

These surveys work by generating electromagnetic fields and measuring how subsurface materials respond to these fields. Highly conductive bodies, often associated with massive sulphide deposits (which can contain valuable copper and nickel mineralisation), create distinctive "plates" or anomalies in the data.

The SAMSON and fixed-loop electromagnetic (FLEM) surveys being employed at the Oval Project are sophisticated versions of this technology. When these surveys identify strong conductive anomalies, they provide high-priority drill targets with increased probability of intersecting mineralisation. This targeted approach significantly enhances exploration efficiency by focusing drilling efforts on the most promising locations.

How EM Surveys Guide Drilling Decisions

EM surveys detect differences in electrical conductivity beneath the surface. Massive sulphide deposits containing copper and nickel minerals typically have much higher conductivity than surrounding rock types. When an EM survey detects a strong conductive response, it may indicate the presence of these mineral-rich zones.

The process typically involves:

1. Initial survey: Conducting electromagnetic measurements across the exploration area
2. Data processing: Analysing the survey data to identify conductive anomalies
3. Modelling: Creating 3D models of conductive "plates" that represent potential mineralised zones
4. Target selection: Prioritising the most promising conductive plates for drill testing

By using these surveys to guide drilling, companies like Asian Battery Metals can:

• Increase drilling efficiency by focusing on high-probability targets
• Reduce exploration costs by minimising unnecessary drilling
• Improve discovery rates through targeted exploration
• Build a more comprehensive understanding of the subsurface geology

For investors, understanding this methodical approach demonstrates that the company is employing industry-standard techniques to maximise its chances of exploration success while managing expenditure effectively.

Upcoming Catalysts and Timeline

Asian Battery Metals has outlined several near-term catalysts that investors should monitor:

These upcoming milestones will provide critical information about the potential scale and quality of mineralisation at the Oval Project, potentially serving as significant value catalysts for the company.

Investment Thesis: Mongolia's Strategic Position in Battery Metals

Asian Battery Metals represents an intriguing investment opportunity in the critical minerals space, particularly given the strategic importance of copper and nickel in the global energy transition. The company's focus on Mongolia provides several key advantages:

1. Strategic Location: Mongolia's proximity to Asian manufacturing hubs provides logistical advantages for supplying battery metals to major markets.

2. Promising Geology: The Oval Project has demonstrated high-grade massive sulphide intercepts in previous drilling, indicating potential for significant copper-nickel-PGE mineralisation.

3. Diversified Portfolio: Beyond the Oval Cu-Ni-PGE Project, the company maintains 100% ownership of additional assets including the Copper Ridge Cu-Au Project, Khukh Tag Graphite Project, and Tsagaan Ders Lithium Project—all critical materials for the energy transition.

4. Methodical Exploration Approach: The company's use of advanced electromagnetic surveys to guide drilling demonstrates a sophisticated exploration strategy designed to maximise discovery potential while managing exploration costs.

Mongolia's Mining Sector Advantages

Mongolia offers several advantages as a mining jurisdiction that may benefit Asian Battery Metals:

• Established mining industry: Mongolia has a long history of mining operations and related infrastructure
• Pro-mining government policies: The Mongolian government has implemented policies to attract foreign investment in the mining sector
• Underexplored terrain: Despite its mining history, large areas of Mongolia remain underexplored using modern techniques
• Proximity to markets: Mongolia's location provides strategic access to Asian manufacturing centres where battery metals are in high demand

These factors combine to create a potentially favourable operating environment for Asian Battery Metals as it advances its exploration programs.

The Critical Role of Copper and Nickel in the Energy Transition

Copper and nickel—the primary target metals at Asian Battery Metals' Oval Project—are both essential components in the global transition to renewable energy and electrification.

Copper: The Electrification Metal

Copper's exceptional electrical conductivity makes it irreplaceable in numerous applications critical to the energy transition:

• Electric vehicles: The average electric vehicle contains approximately 83 kg of copper, roughly four times the amount used in conventional vehicles
• Renewable energy: Solar and wind power systems require 4-5 times more copper per megawatt than traditional power generation
• Electricity grids: Expanding and modernising electricity grids to accommodate renewable energy requires substantial copper infrastructure

Nickel: Powering Battery Technology

Nickel plays a crucial role in lithium-ion battery technology:

• Energy density: High-nickel cathodes enable greater energy density in batteries, extending electric vehicle range
• Performance: Nickel-containing batteries offer improved charging capabilities and cycle life
• Cost efficiency: As battery manufacturers seek to reduce cobalt content due to cost and supply concerns, nickel content in batteries is increasing

The International Energy Agency has classified both copper and nickel as minerals critical to the energy transition, projecting that demand could increase by 40-70% by 2040 under sustainable development scenarios.

Why Investors Should Watch Asian Battery Metals

Asian Battery Metals presents a compelling opportunity for investors interested in the critical minerals sector, particularly those focused on battery metals and the energy transition. With multiple near-term catalysts on the horizon and a strategic portfolio of projects in Mongolia, the company is well-positioned to capitalise on growing demand for copper, nickel, and other battery metals.

Key reasons to follow Asian Battery Metals include:

• Active exploration program with regular news flow expected over coming months
• Focus on critical minerals essential to the energy transition
• Strategic location in Mongolia with proximity to Asian markets
• Methodical exploration approach using advanced technologies
• Multiple projects providing diversification across various battery metals

As the company continues its Phase 3 drilling program, investors should watch closely for drill results, metallurgical testing outcomes, and further electromagnetic survey interpretations, all of which could serve as significant value catalysts in the near term.

Are You Positioned for the Next Battery Metals Breakthrough?

Discover why Asian Battery Metals' strategic exploration at the Oval Copper-Nickel Project could represent a significant opportunity in the critical minerals sector. With promising electromagnetic survey results, multiple high-priority drill targets, and a portfolio diversified across essential energy transition metals, ABM is methodically advancing its position in Mongolia's underexplored terrain. To learn more about their exploration program and upcoming catalysts that could drive shareholder value, visit www.asianbatterymetals.com today.