Asian Battery Metals Confirms Massive Sulphide Discovery at Maikhan Uul

Breakthrough Confirmation at Maikhan Uul: Asian Battery Metals Uncovers Substantial Copper-Gold Mineralization

Asian Battery Metals (ASX: AZ9) has reported compelling results from its due diligence drilling at the Maikhan Uul copper-gold project in Mongolia, with drillhole MU2501 confirming over 20 meters of visual massive sulphide mineralization across multiple intervals, validating the potential for high-grade copper-gold resources in this strategic location.

Twin Drilling Validates Historical Data with Impressive Results

The company completed its first validation drillhole (MU2501) as part of its due diligence on the Maikhan Uul copper-gold volcanogenic massive sulphide (VMS) project, located just 8km from its flagship Oval Cu-Ni-PGE discovery in southwestern Mongolia. The results showed multiple visual massive sulphide intervals totaling 20.35 meters, including:

• 4.8 meters from 132.5 meters
• 12.75 meters from 139.7 meters
• 2.59 meters from 154.1 meters
• 0.21 meters from 211.25 meters

This validation drill hole was designed to twin historic drillhole MU_DH1204 from 2012, which is located outside the historic foreign mineral resource at Maikhan Uul. The results strengthen confidence in the project's potential as the company moves forward with its option to acquire 100% of the Maikhan Uul Cu-Au Project.

Strategic Expansion in Mongolia's Critical Minerals Corridor

Managing Director Gan-Ochir Zunduisuren highlighted the significance of these findings: "An excellent result from the twinning of the historic drillhole MU_DH1204 at the Maikhan Uul Cu-Au project, visually confirming the potential for high-grade copper gold mineralisation. This result has increased our confidence in our analysis of the project."

The results support Asian Battery Metals' strategic consolidation of critical minerals assets in Mongolia, with a particular focus on copper as a key enabler of the global energy transition. The company has secured a 6-month option to acquire the project, having already paid an option fee of USD 50,000, with a remaining consideration of USD 890,000 pending successful completion of due diligence.

Understanding Volcanogenic Massive Sulphide (VMS) Deposits

VMS deposits like Maikhan Uul represent significant sources of copper, zinc, lead, gold, and silver worldwide. These deposits form on or near the seafloor through hydrothermal activity, where hot, metal-rich fluids are discharged and precipitate as massive sulphide accumulations.

These deposits are particularly valuable because:

• They often contain high grades of multiple metals
• They frequently occur in clusters, creating potential for district-scale operations
• They can be mined efficiently due to their massive nature
• They typically have well-defined boundaries

The massive sulphide mineralization observed at Maikhan Uul is characteristic of classic felsic VMS deposits, with mineralization closely associated with dacitic and rhyolitic volcanics and black schists.

Near-Term Catalysts and Development Timeline

Several important milestones are upcoming for Asian Battery Metals:

• Within one week: Batch 1 assay results from the Oval Cu-Ni-PGE Phase 3 drilling program
• Within 2-4 weeks: Batch 2 assay results from Oval Cu-Ni-PGE Phase 3 drilling
• Within 3-5 weeks: Assay results from Maikhan Uul Cu-Au due diligence drilling
• Ongoing: Additional drilling and downhole EM surveys at Maikhan Uul Cu-Au, Copper Ridge Cu-Au and potentially at Bayan Sair exploration area
• In progress: Completion of initial metallurgy test work
• Continuing: Due diligence review on the Maikhan Uul project

Mining Licence Advantages and Infrastructure Synergies

An important strategic advantage of the Maikhan Uul project is that it's located on a mining tenement just 8km from the company's flagship Oval Cu-Ni-PGE project. This proximity could provide significant infrastructure synergies in the event of future mining operations, potentially reducing capital expenditures and accelerating development timelines.

The Maikhan Uul Mining Licence (#MV-19681) was secured in 2015 and is valid for 30 years until 2045, covering an area of approximately 79.14 hectares.

Historical Data Validation Enhances Project Confidence

The company's due diligence program includes verifying historical exploration data that indicated significant mineralization. The historical drillhole MU_DH1204 reported multiple high-grade intervals, including:

• 6m @ 2.62% Cu, 0.68g/t Au, and 16.67g/t Ag from 125.5m (massive sulphide)
• 9m @ 1.61% Cu, 0.94g/t Au, and 2.56g/t Ag from 139m (massive sulphide)
• 5.9m @ 0.01% Cu, 16.86g/t Au, and 308.47g/t Ag from 41.4m (in hydrothermal breccia)

While the company notes that assays for MU2501 are still pending, the visual confirmation of massive sulphide mineralization at similar depths provides strong validation of the historical data and increases confidence in the potential resource.

Why Investors Should Follow Asian Battery Metals

Asian Battery Metals presents a compelling investment case for several reasons:

1. Strategic Portfolio of Critical Minerals – The company is developing multiple copper, nickel, PGE, and gold projects in Mongolia, all critical metals for the energy transition and electrification.

2. Proven Exploration Success – The confirmation of massive sulphide mineralization at Maikhan Uul, following the company's Oval Cu-Ni-PGE discovery, demonstrates the team's ability to identify and develop significant mineral deposits.

3. Mining Licence Advantage – Unlike early-stage explorers, the Maikhan Uul project already has a mining licence valid until 2045, potentially accelerating the path to production.

4. Regional Consolidation – The company is strategically consolidating projects within close proximity, creating potential operational synergies and economies of scale.

5. Near-term News Flow – With multiple assay results expected in the coming weeks and ongoing drilling programs, investors can anticipate regular updates and potential catalysts.

As the world accelerates toward electrification and renewable energy, companies with quality copper and battery metal assets in mining-friendly jurisdictions like Asian Battery Metals are well-positioned to benefit from increasing demand for these critical minerals.

Want to Invest in Mongolia's Next Major Copper-Gold Producer?

Discover how Asian Battery Metals is strategically positioning itself in Mongolia's critical minerals corridor with multiple high-potential projects including the newly confirmed Maikhan Uul copper-gold discovery. With pending assay results, an existing mining licence until 2045, and infrastructure synergies with their flagship Oval project, AZ9 offers compelling investment potential in the battery metals sector. Visit www.asianbatterymetals.com today to learn more about this emerging opportunity before the next round of catalysts.