AZ9 Articles
Az9 Share Price & Investment Performance
Investment Summery
- Date of Investment Announcement 27th October 2024
- Entry Price $0.033
- Returns from Entry +63.64%
- High Point +218.2%
Company Milestones
- Initial investment: $0.033
- Downhole EM results
- Follow-up drilling program starts
- Drill assay results
- Resource definition drilling
- Maiden resource estimate
Why We Like Asian Battery Metals
Asian Battery Metals has delivered one of the highest-grade copper-nickel discoveries globally with its Oval Project in Mongolia. With over 800m of strike length open in multiple directions and a rig ready to drill, the exploration upside is significant. Trading at a small market cap, Asian Battery Metals combines exceptional drill results, proven management from Rio Tinto’s Oyu Tolgoi project, and strategic positioning next to China – the world’s largest copper consumer.
With 800m of strike length open and a rig ready to drill, plus backing from BHP’s Xplor program, Asian Battery Metals is perfectly positioned to capitalise on the growing copper supply deficit.
Asian Battery Metals (AZ9) has emerged as one of the most exciting copper plays on the ASX. While many companies hunt for copper, few find the kind of grades AZ9 just hit at its Oval Project in Mongolia – we’re talking massive sulphides running 6.08% copper and 3.19% nickel at shallow depth.
Why Copper?
The timing of this copper discovery is critical. Global copper demand is set to explode with the energy transition, yet major new discoveries are rare. BHP forecasts a 10-million-tonne annual supply deficit by 2035 – that’s 40% of current global production. The world’s biggest miners are scrambling for copper assets, with BHP recently waving a US $75 billion check at Anglo American. Against this backdrop, new high-grade discoveries become exponentially more valuable.
AZ9's Oval Project in Mongolia
What makes Oval special isn’t just the grades – it’s the whole package. The massive sulphides we’re seeing mirror the kind of mineralisation that turned Sandfire and Sirius Resources into billion-dollar companies. Located in a proven mining jurisdiction with established infrastructure and near the world’s biggest copper market, Oval ticks all the boxes for a major development opportunity.
The Key Points of Interest
With the drill rig already on site and 800m of strike length to test, Asian Battery Metals is moving fast to prove up the copper discovery’s true scale. The combination of BHP’s backing through their Xplor program and management’s deep in-country experience from Oyu Tolgoi provides the expertise needed to rapidly advance the project.
AZ9 in Summary
At current valuations, AZ9 offers rare leverage to what could be one of the decade’s significant copper discoveries. While early-stage exploration always carries risk, the exceptional grades, strategic location, and looming copper deficit create a compelling investment case. The next few months of drilling could prove transformational for AZ9 shareholders.
Disclaimer: This blog post is for informational purposes only and should not be considered as financial advice. Always consult with a financial advisor before making any investment decisions.