Future Battery Minerals (ASX:FBM) has shifted its focus to gold exploration in Western Australia’s prolific Coolgardie belt, leveraging its strong cash position and tight capital structure to pursue near-term discoveries. In this presentation, Technical Director Robin Cox says the company’s strategic pivot followed the successful divestment of its Kangaroo Hills lithium project, which delivered $4m in proceeds and helped fund FBM’s transition toward high-potential gold assets.
FBM now controls 100% of all mineral rights at its Miriam Project, located just 15km from active processing infrastructure. The company has identified multiple prospects—including Forest, Jungle, and the newly defined Canyon trend—with historical intercepts and coincident geochemical anomalies pointing to robust mineralisation. A 1.75km gold-in-soil anomaly at Canyon, paired with IP signatures similar to Forest, marks it as a high-priority target ahead of RC drilling scheduled for July.
Cox notes that shallow, high-grade intercepts at Forest suggest potential for a fast-tracked resource. FBM aims to define a maiden mineral resource later in 2025, supported by the project’s proximity to three toll-treatment mills. In addition to Miriam, FBM has recently secured the Burbanks East and Kal North projects—both featuring untested anomalies and located near operating gold plants, adding further depth to the exploration pipeline.
While lithium markets remain subdued, Cox emphasises the company’s decision to retain its stake in the advanced Kangaroo Hills lithium JV, calling it a “strategic asset” for future value. With drilling imminent, heritage clearances in place, and a strong balance sheet, FBM is well-positioned for near-term news flow and further portfolio expansion.
To hear more, watch the full presentation.
