Battery Metals

Positive early signs at ASX-listed lithium explorer’s Canadian project

Tue 04 Jul 23, 4:37pm (AEST)

Key Points

  • Visual assessment indicates spodumene content of between 5% and 25%
  • Spodumene-bearing pegmatites found in 10 of 13 diamond drill holes completed so far
  • Current drilling is part of a targeted initial campaign that's gathering data about the broader project site

Spodumene-bearing pegmatites – igneous rocks that typically contain the lithium aluminate mineral that is an important source of lithium – were found in 10 of the 13 holes drilled so far by the Battery Age Minerals (ASX: BM8) team. The visual spodumene content ranges in quality from 5% to 25% – though Battery Age’s management emphasises that visual estimates are indicative only and are not a substitute for detailed laboratory analysis.

Battery Age’s CEO Gerard Donovan said he was “extremely pleased” with the initial results from the field team’s efforts across the first 13 holes.

“This validates our belief the project has the potential to host thick pegmatites and, subject to receipt of assays, significant lithium mineralisation,” Donovan said.

“The drilling to date has also enabled our exploration team to improve their understanding of the structural orientation of the pegmatites which, in turn, will allow for more specific and targeted drill designs moving forward.”

What’s been found so far?

The width of the pegmatite bodies encountered during the drilling are up to 27.6 metres in width, and five are more than 20 metres wide. The spodumene mineral within the core samples of the pegmatite is coarse-grained, indicating larger crystal sizes. These were measured at up to 18cm in length within hole 23FL-005.

This early success further strengthens management’s positive outlook on the Falcon Lake Project and the likelihood of encountering large and abundant spodumene-bearing pegmatites in the area.

What’s next?

Drilling so far has focused on a small section of the property, with these findings supporting ongoing drilling in the vicinity over the near term. The team will then move to the other 18 spodumene-bearing pegmatite outcrops that have already been identified.

The samples from several of the higher-priority holes will now be sent to AGAT Laboratories in Thunder Bay, Ontario, with initial results expected within three to four weeks.

DisclaimerMarket Index helps small-cap ASX-listed companies connect with Australian investors through clear and concise articles on key developments. Battery Age Minerals was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.

Written By

Glenn Freeman

Content Editor

Glenn is a Content Editor at Livewire Markets and Market Index. Glenn has almost 20 years’ experience in financial services writing and editing. Glenn’s journalistic experience also spans energy and automotive, in both Australia and abroad – including the Middle East – where he edited an oil and gas publication in the United Arab Emirates.

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