Asian Battery Metals PLC has secured firm commitments for a heavily oversubscribed placement, raising A$3.969 million before costs. The company will issue approximately 88.2 million fully paid Chess Depository Interests (CDIs) at A$0.045 per CDI, reflecting strong investor demand. The funds will support the company’s 2025 exploration program in Mongolia, covering all planned activities and working capital. The drilling program will focus on the Oval copper-nickel and Copper Range copper-gold projects, including an expansion of Phase 3 drilling at the Oval Project and its extension into the Copper Ridge Project. Asian Battery Metals plans to commence Phase 3 exploration in March 2025, involving up to 1,500 metres of diamond drilling, downhole electromagnetic (DHEM) surveys, and regional geophysical surveys from April to June. The program will target untested DHEM conductive plates identified in Phase 2 and investigate a high-gravity inversion anomaly extending up to 550 metres beneath the Oval gabbroic intrusion. Settlement of the placement is expected on March 3, 2025, with allotment scheduled for March 4, 2025. #AsianBatteryMetals #Mining #ExplorationFunding #DrillingProgram #BatteryMetals #CopperNickel #CopperGold #MineralExploration #MiningInvestment #Mongolia #ResourceDevelopment #DiamondDrilling #ElectromagneticSurveys