Miriam Project’s Expanded Drilling Raises Stakes for Future Battery Minerals
Future Battery Minerals has launched an expanded 3,000m Phase 2 drilling program at its Miriam Project, aiming to build on promising gold intercepts from Phase 1. The company targets high-grade extensions at Forrest and Canyon, with results expected by early November.
- Phase 2 RC drilling expanded to 3,000m at Miriam Project
- Focus on high-grade gold extensions at Forrest and Canyon prospects
- Initial drilling at Forrest South to test historical oxide gold zones
- Strong cash position of A$6.4 million with zero debt
- Initial Phase 2 assay results expected late October to early November
Phase 2 Drilling Accelerates at Miriam
Future Battery Minerals Ltd (ASX, FBM) has commenced an expanded Phase 2 Reverse Circulation (RC) drilling program at its 100%-owned Miriam Project in Western Australia's Goldfields. Following encouraging results from Phase 1, the company has doubled its planned drilling to 3,000 metres, targeting extensions of high-grade gold zones at the Forrest and Canyon prospects, while also initiating drilling at the Forrest South prospect.
Building on Promising Phase 1 Results
Phase 1 drilling revealed significant gold intercepts, including standout results such as 33 metres at 1.57 grams per tonne gold (g/t Au) from 35 metres depth at Forrest, with a higher-grade interval of 16 metres at 3.10 g/t Au. These findings have shaped the Phase 2 program, which aims to test extensions of these thick, high-grade oxide zones and explore fresh rock lode extensions, particularly at Forrest’s south-western areas and at depth.
Targeting the Miriam Shear at Canyon
At Canyon, drilling will focus on the newly identified 6.2-kilometre Miriam Shear, a mineralised shear zone open along strike and at depth. Phase 1 identified strong gold anomalism within regolith, with intercepts such as 20 metres at 0.55 g/t Au including 4 metres at 1.60 g/t Au. Phase 2 aims to delineate this shear zone further and test for additional gold mineralisation along its length.
Initial Testing of Forrest South
For the first time, FBM will drill at Forrest South, a regional prospect where historical wide-spaced drilling previously recorded oxide gold mineralisation, including 16 metres at 0.93 g/t Au from 44 metres. This initial testing could open new avenues for resource expansion within the Miriam Project.
Strong Financial Position Supports Exploration
FBM enters this phase of exploration well-funded, with a cash balance of A$6.4 million and zero debt as of 30 June 2025. This financial strength underpins the company’s ability to execute its aggressive drilling program and other exploration activities planned through 2025 and beyond.
Looking Ahead
The Phase 2 drilling campaign is scheduled for completion by late September, with initial assay results anticipated between late October and early November. These results will be critical in refining the geological model and assessing the potential for resource growth at Miriam.
Bottom Line?
As Phase 2 drilling unfolds, all eyes will be on Miriam’s assay results to gauge the true scale of Future Battery Minerals’ gold potential.
Questions in the middle?
- Will Phase 2 drilling confirm extensions of high-grade gold zones at Forrest and Canyon?
- How might initial results from Forrest South influence the overall resource potential?
- What are the implications of the Miriam Shear’s extent for future exploration targets?
