Battery Age Reports 54m @ 1.74% Li2O and Germanium-76 Confirmation
Battery Age Minerals Ltd reports significant exploration progress in Austria and Canada, highlighting high-grade lithium intercepts at Falcon Lake and a strategic Germanium breakthrough at Bleiberg.
- Expansion of Austrian Bleiberg and Hochobir project areas to 290km²
- Maiden drilling permit application underway for Bleiberg Zinc-Lead-Germanium Project
- High-grade lithium intercepts up to 54.1m @ 1.74% Li2O at Falcon Lake, Canada
- Confirmation of Germanium-76 isotope presence in Bleiberg historical concentrates
- Company actively pursuing strategic M&A opportunities to complement core assets
Strategic Expansion in Austria
Battery Age Minerals Ltd (ASX: BM8) has significantly broadened its footprint in Austria’s Carinthia region, staking approximately 600 exploration claims covering 290km² prospective for Lead-Zinc-Germanium mineralisation. This expansion includes the Hochobir project and a substantial increase of the Bleiberg project area from 80km² to 142km², positioning Battery Age as one of Austria's largest landholders for germanium-focused tenure.
Led by CEO Nigel Broomham and Chief Geological Advisor Dr. Simon Dorling, the company completed a detailed fieldwork program at Bleiberg, verifying historical data and refining drilling targets. The imminent submission of the maiden drilling permit application marks a pivotal step toward unlocking the project’s potential.
Germanium Breakthrough at Bleiberg
A standout achievement during the quarter was the confirmation of Germanium-76 (Ge76) isotope presence in historical mining concentrates from Bleiberg, detected at an atom abundance of 7.41%. This breakthrough underscores the project’s strategic importance as a potential supplier of critical minerals essential for advanced semiconductor technologies, a sector experiencing robust demand growth.
Battery Age is advancing testing to assess the viability of germanium mineralisation for high-tech applications, signaling a promising avenue for future development and market positioning.
Falcon Lake Lithium Project Delivers Exceptional Results
In Canada, the Falcon Lake Lithium Project in Ontario yielded its best lithium drill results to date. The 2024 winter drilling campaign intersected thick, high-grade spodumene-bearing pegmatite zones, including 54.1 metres at 1.74% Li2O and 55.95 metres at 1.47% Li2O. These results not only expand the mineralised zones but also confirm the potential for scale along the 5km prospective corridor.
With 14 of 15 holes showing significant mineralisation, the project remains open at depth and along strike, with only a fraction of high-priority targets drilled so far. The company plans ongoing exploration to further delineate and expand lithium resources, critical for the burgeoning electric vehicle and battery markets.
Financial Position and Strategic Outlook
Battery Age closed the quarter with a cash balance of $404,000, following $763,000 in exploration expenditure. The company recently completed a $1 million placement to support ongoing exploration and working capital needs. It also secured a C$200,000 grant from the Ontario Junior Explorers Program, enhancing its capacity to advance Canadian projects.
Beyond its core projects, Battery Age continues to evaluate value-accretive mergers and acquisitions across multiple commodities and Tier-1 jurisdictions, aiming to build a diversified portfolio aligned with global critical minerals demand.
Looking Ahead
Battery Age Minerals is poised at a critical juncture, with exploration successes in both lithium and germanium positioning it well within the strategic minerals landscape. The upcoming drilling permit at Bleiberg and continued Falcon Lake drilling campaigns will be key catalysts to watch as the company seeks to convert promising exploration into tangible resource growth.
Bottom Line?
Battery Age’s dual-track progress in lithium and germanium exploration sets the stage for a transformative year ahead.
Questions in the middle?
- How will the maiden drilling at Bleiberg impact the company’s resource estimates and valuation?
- What are the timelines and expected outcomes for further lithium drilling at Falcon Lake?
- Which commodities and jurisdictions is Battery Age targeting for potential M&A to complement its portfolio?
