Outstanding Copper-Nickel Discovery

Asian Battery Metals PLC (ASX: AZ9) announces a significant copper-nickel sulphide discovery at the Oval prospect in Mongolia, featuring exceptional grades and open-ended potential to drive future value for shareholders.

<ul><li>Massive sulphide intercept in hole OVD021 reveals 8.8m @ 6.08% Cu, 3.19% Ni, 1.63g/t E3, 0.11% Co (CuEq 12.57%) from 107.2m, amongst additional high-grade zones at the Oval prospect.</li><li>Confirmation of a new copper-nickel sulphide style of mineralisation within 800m+ of strike, remaining open in multiple directions—offering strong potential for resource expansion.</li><li>Phase 1 diamond drilling program completed with significant intercepts across multiple holes; follow-up drilling to recommence within two weeks, guided by pending Downhole Electromagnetics (DHEM) results.</li><li>Company reallocates 2024 exploration budget to focus on high-grade zone expansion, underscoring prioritisation of the Oval prospect for value creation and advancement.</li><li>Recent discoveries support long-term strategy to supply critical minerals for the energy transition in Asia, strengthening ABM's competitive positioning.</li></ul>

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Outstanding Copper-Nickel Discovery