{"id":12027,"date":"2024-07-09T01:37:05","date_gmt":"2024-07-09T01:37:05","guid":{"rendered":"https:\/\/economicherald.net\/?p=12027"},"modified":"2024-07-09T01:37:05","modified_gmt":"2024-07-09T01:37:05","slug":"fbms-big-red-pegmatite-balloons-out-by-an-additional-200m","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12027","title":{"rendered":"FBM\u2019s Big Red pegmatite balloons out by an additional 200m"},"content":{"rendered":"<p>Assays from a 19-hole RC drilling campaign for 3,109m have expanded FMB\u2019s Big Red pegmatite<br \/>\nResults including 27m at 1.04% Li20 from 118m have been received<br \/>\nThe next round of drilling will focus on walk-up targets at the newly acquired Miriam project <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Phase 4B RC drilling at Future Battery Minerals\u2019 Kangaroo Hills lithium asset has extended the thick Big Red pegmatite a further 200m. <\/strong><\/p>\n<p>Following the consolidation of its Goldfields lithium acreage at the end of March, <a href=\"https:\/\/stockhead.com.au\/company\/future-battery-minerals-fbm\/\"><strong>Future Battery Minerals (ASX:FBM)<\/strong><\/a> now holds two exciting lithium discoveries in its project portfolio with the Kangaroo Hills project and the Nevada project.<\/p>\n<p>Situated in the lithium endowed Goldfields region, within a whisker of <a href=\"https:\/\/stockhead.com.au\/company\/mineral-resources-min\/\">Mineral Resources\u2019 (ASX:MIN)<\/a> 64.8Mt Mt Marion mine, the Kangaroo Hills Lithium Project (KHLP) has been the subject of recent Phase4A drilling after the receipt of ministerial approval earlier this year.<\/p>\n<p>Initial drilling prioritised testing extensions of key prospect Big Red as well as a series of high-potential resistivity anomaly targets in the northern KHLP area, where previous drilling returned a best-to-date intersection of 31m at 1.13% Li2O from 86m, including 20m at 1.43% Li2O from 88m.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Big Red footprint now over 600m <\/strong><\/h2>\n<p>FBM has now received the results from Phase 4B drilling in the northern area of the project, with thick high-grade results assays including:<\/p>\n<p>27m at 1.04% Li2O from 118m, including 15m at 1.53% Li2O from 122m;<br \/>\n21m at 1.01% Li2O from 104m, including 12m at 1.44% Li2O from 107m; and<br \/>\n18m at 1.03% Li2O from 100m.<\/p>\n<p>The known footprint at Big Red is now over 600m from outcrop to the northern-most drill hole, where mineralisation remains thick, shallow and open.<\/p>\n<p>\u00a0<\/p>\n<p>Plan view of KHLP Phase 4B drilling results. Pic: Future Battery Minerals<\/p>\n<p>\u00a0<\/p>\n<p>Drilling has also confirmed the known footprint of the recently identified Potoroo pegmatite to be well over 250m, another clear sign the KHLP has plenty to offer.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Hit 200m northern strike target <\/strong><\/h2>\n<p>\u201cWe were targeting up to 200m of further northern strike extent at similar Big Red widths and grades, and that is exactly what the Phase 4B results have delivered,\u201d FBM managing director and CEO Nick Rathjen says.<\/p>\n<p>\u201cEncouragingly, the dip of Big Red also appears shallow to the north, averaging approximately -20\u00b0 around the northern-most intercept hole, KHRC194.<\/p>\n<p>\u201cWhile we plan to test for further extension of Big Red to the north, our next phase of drilling is designed to assess the highly prospective initial targets at our recently acquired, neighbouring Miriam tenure,\u201d he says.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Well-funded and bullish on lithium outlook <\/strong><\/h2>\n<p>FBM continues to review the planned scale and scheduling of all drilling programmes against the backdrop of challenging market conditions.<\/p>\n<p>\u201cWe are well funded, with a strong cash position, remain bullish on the long-term lithium outlook, and remain committed to advancing both the KHLP and Miriam Projects through highly targeted, cost-effective exploration.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Future Battery Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/fbms-big-red-pegmatite-balloons-out-by-an-additional-200m\/\">FBM\u2019s Big Red pegmatite balloons out by an additional 200m<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Assays from a 19-hole RC drilling campaign for 3,109m have expanded FMB\u2019s Big Red pegmatite Results including 27m at 1.04% Li20 from 118m have been <a href=\"https:\/\/economicherald.net\/?p=12027\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12028,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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