Future Battery Minerals Limited

We are pleased to provide an update on the sale of certain tenements at the Nepean Nickel Project to Rocktivity Mining.   Following discussions, FBM has agreed to revise the deferred consideration to $1.04 million, which includes: ✅ $265,000 received on 18 June 2024 ✅ $773,656 due on or before 25 September 2024.   The revised deferred consideration is in addition to the $2.8 million in cash consideration previously received under the tenement sale agreement.   In addition, Rocktivity will: ✅ Grant FBM a 1% net smelter royalty on all minerals and metals produced from the Nepean Nickel Project ✅ Pay an additional $500,000 subject to the achievement of specific milestones.   Our Managing Director and CEO, Nick Rathjen, commented: "We are pleased to have reached a positive and sensible commercial compromise with Rocktivity. The outcome allows us to conclude the successful disposal of the Nepean asset, in what remains a particularly depressed nickel market environment. This further rationalisation of our asset portfolio also allows a sharper focus on our flagship projects, the Kangaroo Hills and Miriam Lithium Projects in the W.A. Goldfields. The final payment from Rocktivity will further strengthen our cash position, reinforcing our commitment to advancing these strategically positioned projects through smart, cost-effective exploration.”   Read the full announcement here: https://bit.ly/4gpCZ4V   #FutureBatteryMinerals #FBM #NepeanNickel #Mining #WesternAustralia

We are steadily advancing exploration at the Miriam Lithium Project, with key updates on target generation. Four distinct target zones, varying from 350m to 1.6km in strike length, have been identified. Additionally, recent field mapping has confirmed 11 outcropping pegmatite units, while rock chip assays have returned promising lithium results.   To learn more about the project and our progress, we invite you to read our latest investor presentation: https://bit.ly/4dDbCTm Nick Rathjen   #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia #MiriamLithiumProject

Our Kangaroo Hills and Miriam Lithium Projects are located just 17km south of Coolgardie, in the lithium-rich Goldfields of Western Australia. Proximity to established lithium operations and access to key established infrastructure adds to the strategic value of our tenure.   Kangaroo Hills possesses thick, high-grade lithium-caesium-tantalum pegmatites from surface (Big Red deposit). This combination of in-situ quality and development-friendly locale positions us well within this highly productive lithium district. Read our latest investor presentation for more details: https://bit.ly/4dDbCTm Nick Rathjen   #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia

The lithium market is seeing renewed interest following recent production suspensions by CATL, a major Chinese electric vehicle battery manufacturer. These disruptions have led to higher lithium carbonate prices and a boost in lithium stock values, as reported by the The Australian Financial Review.   In this evolving market, Future Battery Minerals is well-positioned for success. Our strategic focus is on advancing our Kangaroo Hills and the Miriam Lithium Projects, poised to benefit from their proximity to quality infrastructure and nearby operations. We are also evaluating potential commercialisation pathways for our Nevada Lithium Project.   We invite you to learn more about our projects. For more details, read our latest investor presentation: https://bit.ly/4dDbCTm AFR article: https://bit.ly/3Xp6f2X Nick Rathjen #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia

We have made huge strides with a proven lithium exploration team that has delivered large-scale, high-grade discoveries across two lithium districts within just 12 months. Our focus through H2 2024 is working up high-priority drill targets on the newly acquired Miriam tenure (neighbouring our Kangaroo Hills Lithium Project) ahead of a targeted maiden drilling program on this ground in H1 2025. We also remain focussed on evaluating potential commercialisation pathways for our Nevada Lithium Project ✅   For more details, check out our investor presentation: https://bit.ly/3QLON6r   Nick Rathjen   #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia

Our Managing Director and CEO, Nick Rathjen, is participating in the Goldfields Esperance Major Projects Conference at the Novotel Perth Langley today and tomorrow. Nick will be presenting today at 2:00pm (AWST) on ‘Delivering the Next Major Lithium Discovery in the WA Goldfields.’ His presentation will cover key topics, including the growth of the high-grade Big Red lithium system, planned testing of key targets at the newly acquired Miriam tenure and advancements in technical workstreams for the Kangaroo Hills Lithium Project. Tomorrow at 3:15pm (AWST), Nick will also join a panel discussion on ‘The Importance of Critical Minerals for the Future’, alongside other industry leaders. You can read his full presentation here: https://bit.ly/4dDbCTm Informa Australia #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia

A re-interpretation of the airborne geophysical data by Principal Geophysicist Matthew Hutchens from Southern Geoscience Consultants has identified thirteen conceptual pegmatite targets for follow up at our Miriam Project ✅ The targeting followed a logical set of criteria that provided several highly ranked target areas coincident with geochemical anomalism and mapped pegmatite. #FutureBatteryMinerals #FBM #Geophysics #Lithium #Exploration #Geophysicalsurveys

Read more about our outcomes from a review and reinterpretation of geophysical data from our Miriam Lithium Project located immediately north of the Kangaroo Hills Lithium Project ➡️ https://bit.ly/46PkylG Stockhead #FutureBatteryMinerals #FBM

We’re pleased to announce that a comprehensive geophysical review of our Miriam Lithium Project has revealed 13 new pegmatite targets across the 6-kilometre tenement strike. This exciting discovery includes five discrete structures that align with a significant 1.6-kilometre soil anomaly and outcropping spodumene-bearing pegmatite.   These structures show promising similarities to the Big Red pegmatite at our Kangaroo Hills Lithium Project, which delivered impressive results of 31m at 1.13% Li₂O from 86m ✅   Here’s what’s next: - Follow-up surface sampling to refine target generation, with results expected in October 2024. - An application for a Western Australian Government Exploration Incentive Scheme (EIS) grant to co-fund our initial drilling programme. - Drilling at Miriam is set to commence in the first half of 2025, pending the outcome of our EIS application.   We’re excited about the significant lithium potential at Miriam and look forward to advancing this project further. Stay tuned for more updates as we continue to explore and unlock the value of this promising asset.   Nick Rathjen   Read the full announcement here: https://bit.ly/3Mbc5zK   #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia

We are pleased to announce that Future Battery Minerals has significantly expanded our landholding in the highly prospective zones of the Western Australian Goldfields by 160% ✅   Highlights: - Expansion in proximity to our Kangaroo Hills and Miriam Lithium Projects. - Excellent discovery potential for both lithium and gold mineralisation. - Submission of new Exploration and Prospecting Lease Applications.   Our Managing Director and CEO, Nick Rathjen, commented: “We are pleased to have identified and pegged this attractive ground holding so close to our existing footprint in the region. Its prospectivity lies squarely within our core skillset and focus areas of lithium, while also having gold exploration potential.”   Our plans for the ongoing exploration and advancement of the Kangaroo Hills and Miriam Lithium Projects remain robust, with initial low-cost field exploration activities set to commence on the newly acquired ground. We will also conduct desktop target generative exercises during the application phase to fast-track and test prospective targets🔋   Read the full announcement here: https://bit.ly/3YwhiK8   #FutureBatteryMinerals #FBM #Lithium #Mining #WesternAustralia