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Battery Age Minerals Ltd (ASX:BM8) is set to begin a maiden field campaign later this month at its Bleiberg lead-zinc-germanium project in Austria, with the goal of validating and refining drill targets over a 6 kilometre strike.
The campaign will see company CEO Nigel Broomham and chief geological advisor Dr Simon Dorling undertaking infield geological works, including reconnaissance geological traverses to boost mapping efforts and the collection of surface samples, assessment of scale, and establishment of drilling targets.
When it comes to drill targets in particular, BM8 is building on its integration of more than 100 years historical geological data, with this confirming the presence of mineralisation-hosting stratigraphy and also highlighting areas with historical mining evidence.
And of course, keeping in mind that Bleiberg is a historical and world-class mining district: with the historic mine of the same name being known as one of the largest producers of germanium in the world while it was in production, and the area hosting some of the highest grades of this mineralisation, as well as gallium grading between 90 and 110 grams per tonne.
With the prices of both these minerals growing significantly in the past 12 months – as a result of supply chain disruptions, increased demand and market speculation – BM8 believes now is the time to strike, as the Bleiberg project has grown in strategic significance.
Germanium’s price has increased 97.34% since the beginning of 2024, while gallium’s has risen 37% in the same time.
BM8 CEO Nigel Broomham commented said the maiden field work was an important milestone for the company.
“We are excited to announce the upcoming field campaign at our Bleiberg Zinc Lead-Germanium Project, which marks a crucial step in our exploration efforts,” he said.
“By leveraging over a century of historical geological data, we are not only validating our drill targets but also positioning ourselves to tap into the significant opportunities presented by the rising prices of zinc, germanium and gallium.
“Our team is committed to optimising our drilling strategy and maximising exploration
outcomes, and we believe the Bleiberg area, with its rich history, holds tremendous potential for both our company and our stakeholders.”
Battery Age Minerals has been trading at has been trading at 10.5 cents.
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