Asian Battery Metals PLC

Primary ticker: ASX:AZ9

Stage of development: Exploration

Primary minerals: Copper, Nickel, Lithium, Graphite

Project to promote: Oval Ni-Cu-PGE (Yambat) Project

Project location: Mongolia

Website: asianbatterymetals.com

Corporate presentation: Click here

Asian Battery Metals PLC is a multi-asset critical mineral focused exploration company in Mongolia. The company has an experienced board, management, and operation team that has aspirations to deliver exploration results to achieve potential development and mining in the future. The assets include the advanced stage Oval Cu-Ni, Khukh Tag graphite projects, and early-stage lithium exploration. BHP Xplor selected the company in the 2023 Cohort to accelerate its exploration concept of the Oval Ni-Cu project.

 

Cash: A$6.8M (30 June 2024)

Debt: NIL

 

Major shareholders:

Mr Gan-Ochir Zunduisuren – 10.78%

Mr Amgalan Sandag – 9.41%

Asia Ventures Pty Ltd – 5.01%

Spectral Investment Pty Ltd – 3.54%

Dragon Tree Capital Holdings Pty Ltd – 3.09%

Management Ownership – 17.65%

Financials

Management Profile

Gan-Ochir Zunduisuren – Managing Director

 

Mr. Gan-Ochir has over 20 years of experience in wide range of areas within the mining industry including mining operation, mineral exploration and finance. Gan-Ochir held Non-Executive Director roles with ASX listed Aspire Mining Ltd and Oyu Tolgoi LLC. He obtained mining education from Haileybury School of Mines, Canada and Mongolian University of Science and Technology, and holds MSc in Finance, New York University and Member of AusIMM.

What is your rationale for taking part in 121 Mining Investment?

Market support

What recent news would you like to highlight to investors attending?

6 August 2024 – Regional Exploration Identifies New Copper & Nickel Targets
 
31 July 2024 – Quarterly Activities/Appendix 5B Cash Flow Report
 
10 July 2024 – Commencement of Phase1 Drilling at Cu-Ni Prospect
 
26 June 2024 – 2024 Exploration Program

What are your key goals for the next 3, 6 and 12 months?

3 Months:

 

Successfully complete drilling program at Oval Cu-Ni 

6 Months:
 
Completion of detailed beneficiation and processing tests for Khukh Tag graphite project
12 Months:
 
To progress one of the project to development pathway. 

What do you think makes your company such a compelling investment?

People, experience and exciting exploration opportunities

What are the top 3 key investor takeaways?

1. Next to the largest EV battery material producer/market
 
2. Underexplored jurisdiction with exciting exploration upside on all projects
 
3. Well-established company in the jurisdiction of operation and technical knowledge, assets, and database.