AZ9
Lead Manager
Offer Price
A$0.0450
per share
Offer Size
A$3,970,000
Issue Price (Per Share)
A$0.0450
Discount
-9.76%
Offer Size
A$3,970,000
Shares Available
88,200,937
The Placement of ~$3.97 million is to be via the issue of up to 88,200,937 fully paid ordinary CDIs at $0.045 per CDI. The Company will issue CDIs under its current Listing Rule 7.1 placement capacity.
$0.045 (4.5 cents per CDI)
Joint Lead Managers: GBA Capital Pty Ltd & Originate Capital Pty Ltd
Asian Battery Metals PLC (ASX: AZ9) is a critical minerals exploration and development company strategically focused on advancing its Oval Cu-Ni-PGE Project in Mongolia, a region highly prospective for battery metals. The company is committed to unlocking Mongolia’s underexplored mineral potential, leveraging its proximity to the world’s largest electric vehicle (EV) battery markets and a favourable mining jurisdiction.
Led by an experienced board and technical team, AZ9 is executing an aggressive exploration strategy to drive resource growth and unlock the full potential of its Mongolian assets. With a focus on delivering high-impact exploration results, the Company is well positioned to play a key role in the global supply of battery metals.Â
The flagship Oval Cu-Ni-PGE Project has rapidly emerged as a significant discovery, with multiple massive sulphide intercepts confirming high-grade copper-nickel mineralisation. Recent drilling has delivered standout results, including 8.8m @ 6.08% Cu, 3.19% Ni, 1.63g/t E3 from 107.2m (OVD021), highlighting the project's scale and potential for further resource expansion. The company has also identified district-scale exploration upside, with additional targets at North Oval and new geophysical anomalies awaiting drill testing. Â
Beyond Oval, AZ9 is advancing the Copper Ridge Cu-Au Project, a newly discovered intrusive-related copper-gold system, further diversifying its portfolio. The project has already confirmed copper and gold mineralization over a broad 140m intercept, reinforcing the potential for multiple development pathways.Â
Use of Funds
Application
1.
Drilling and geophysics at the Company’s Oval Cu-Ni-PGE Project
2.
Drilling and geophysics at the Company’s Copper Ridge Cu-Au Project
3.
Corporate, Working Capital, and Offer Costs
Chairman
Mr. David Paull (Chairman) has over 30 years’ experience in mineral resource business. Over the last 10 years, David has been in Mongolia with Aspire Mining Ltd in different capacities including Managing Director and Chairman of the Board. Mr. Paull holds a Bachelor of Commerce from the University of Western Australia and MBA with Distinction from Cornell University. He is a fellow of the Financial Services Institute of Australia. Previously he held marketing management position at Greenbushes mine for lithium and tantalum concentrate.
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.
Non-Executive Director
Kirsten Livermore (Non-Executive Director) has over 25 years’ experience in policy, regulation and issue management relating to mining. She served 15 years in the Australian parliament representing a large rural electorate, with a significant resources industry. Kirsten led the Australia Mongolia Extractives Program and worked closely with the Mongolian Government and partners to improve mining law, regulation, geoscience data and professional standards. Kirsten has a law degree from the University of Queensland and MSc in Development Management at the London School of Economics.
Non-Executive Director
Mr. Neil Young (Non-Executive Director) is Chief Executive Officer of Elixir Energy Ltd and has more than 20 years’ experience in senior management positions in the upstream and downstream parts of the energy sector including EY, Tarong Energy and Santos. He has also developed various new ventures in other countries including Kazakhstan, Japan, USA and Mongolia. Mr Young has a M.A. (Hons) joint degree in Economics/Politics from the University of Edinburgh.
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