Image of the lithium element.
Source: Adobe Stock Images
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

WA-focused lithium explorer Future Battery Minerals (ASX:FBM) is moving quickly to delineate the Big Red pegmatite first identified at its Kangaroo Hill Lithium Project in January, kicking off a Phase 4B drilling program to test its parameters, based on strong results yielded from recent exploration.

Step-out drilling (Phase 4A) was carried out in recent months over Big Red, revealing that the pegmatite had 65 metres of continuity, and with a top intercept of 31 metres at 1.13 percent lithium oxide (Li2O) from 86 metres.

Other results included 29 metres at 1.36 percent Li2O from 38 metres, 27 metres at 1.32 percent Li2O from 64 metres, 23 metres at 1.19 percent Li2O from 44 metres, and 22 metres at 1.24 percent Li2O from 23 metres.

The Phase 4B program will follow this work up with 3,000 metres of reverse circulation (RC) drilling to test the north-easterly extension of the pegmatite, which is shallow, thick and gently-dipping.

Reflecting the fast-moving pace of exploration at Big Red, Future Battery Minerals expected to complete Phase 4B drilling by June, with assays expected later the following month.

Kangaroo Hills is located near Coolgardie in the WA Goldfields, and notably, is only 130 kilometres from Minerals Resources Ltd’s (ASX:MIN) Mt Marion Lithium Mine.

Future Battery Minerals has been trading at 3.9 cents.

fbm by the numbers
More From The Market Online

Temas Resources confirms significant gallium and scandium at La Blache

Temas Resources’ latest assays show the La Blache project in Quebec is a genuine multi-metal, multi-revenue…

GoldArc Resources begins major drilling campaigns at Leonora South

GoldArc is running RC and AC drilling programs in tandem at Leonora South in Western Australia…
The Market Online Video

The ASX Today: Relative calm didn’t last long as Brent back to US$100/bbl; March RBA hike priced in?

Greetings and welcome to HotCopper’s the ASX Today, I’m Jon Davidson and after an attack on a Thai cargo ship in the Strait of Hormuz

Magnum Mining and Exploration ramping up exploration at Parker project

Magnum Mining and Exploration is preparing for drilling at the Parker project in Arizona on the…