Future Battery Minerals Limited Uncovers 15 High-Grade Gold Anomalies, 1.75km Canyon Target & Sets July Drilling Ahead on a A$7.4M, Zero-Debt Balance

Wednesday, June 25, 2025
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Future Battery Minerals Ltd reports promising soil sampling results at its Miriam project in Western Australia. Fifteen gold anomaly zones, including a 1.75 km anomaly at the Canyon target, have been identified, paving the way for a drill programme in July 2025. The company remains well-funded with strong cash reserves.

Future Battery Minerals Ltd has advanced its exploration efforts at the Miriam Project in Western Australia’s gold-rich Coolgardie region by completing a detailed surface geochemical review that has identified 15 anomalous gold zones. Among these, the newly defined Canyon target—a 1.75‐kilometer long geochemical and geophysical anomaly—stands out, with several soil samples registering values above 0.1 g/t Au and a peak of 3.03 g/t Au. The recent review, which incorporated 300 new soil samples alongside historical datasets, reveals promising shallow, high-grade gold occurrences that coincide with previously identified structural targets derived from magnetic geophysical surveys. The technical work builds on historical successes at the Forrest prospect where drilling intercepted notable gold mineralization, including intercepts of 12 meters at 2.09 g/t Au. By combining current soil sampling techniques—using advanced ultrafine analysis—with earlier exploration data, the company has reinforced its target generation strategy. The structural and geochemical trends observed at the Canyon target mirror those at Forrest, leading Future Battery Minerals Ltd to designate this area as a top priority for its upcoming reverse circulation drilling program set to begin in July 2025. Additional heritage surveys are also planned to further delineate promising targets for subsequent drill testing later in the year. Financially, the company is well prepared to fund its exploration programs through 2025 and beyond. With a robust cash balance of A$7.4 million and no debt, Future Battery Minerals Ltd is positioned to conduct further extensive ground truthing and drilling activities, backed by all necessary permits including an approved Conservation Management Plan and a drilling Program of Work. The company’s strategic approach in integrating geochemistry, geophysics, and historical drilling results gives it a competitive edge in a region known for prolific mineralization. The technical indicators—a series of soil assays above background levels (with anomalous values defined as >20 ppb Au) and overlapping magnetic and structural data—support a bullish view. Investors may see the discovery of multiple anomalous zones and a clearly delineated 1.75km target as strong signals of high exploration potential. The company’s strong balance sheet, combined with a multi-method, data-driven approach, could lead to significant discoveries that enhance shareholder value. Conversely, cautious observers point out that early-stage exploration always carries inherent risks. The translation of geochemical anomalies into a commercially viable deposit is not guaranteed, and the reliance on soil sampling coupled with historic data means that drilling results will ultimately determine the economic viability of the project. Market volatility in the commodities sector and the uncertainties in resource estimation may temper near-term optimism despite the promising technical indicators. Overall, Future Battery Minerals Ltd’s systematic and well-funded exploration program at the Miriam Project sets a promising stage for potential high-grade gold discovery, even as the transition from encouraging anomalies to production remains the critical challenge ahead.

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