Image of the lithium element.
Source: Adobe Stock Images
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Battery Age Minerals Ltd (ASX: BM8) is hoping to build on the exploration it conducted last year at Canadian lithium play, Falcon Lake – which verified the presence of high grade spodumene at the site – with a new round of field work for the summer season.

In 2023, the company identified more than 30 outcropping pegmatites at Falcon Lake, as well as a 5 kilometre long corridor prospective for spodumene.

The focus now will be on both generation and ranking of new targets to guide further drilling at the play, which is located in the province of Ontario, 325 kilometres from Thunder Bay.

Part of this will mean deeper investigation of major regional structures, concentrating on areas of elevated topographic relief, as well as rock chip sampling outcrops and identification of LCT pegmatite intrusions.

In addition to this, LIDAR (light detection and ranging) and Ortho Imagery and Litho-geochemical bedrock sampling will also be carried out to further Battery Age’s understanding of the project’s territorial geology.

CEO Nigel Broomham said last year’s exploration work had bolstered hopes of securing greater knowledge at the project.

“We are very excited to get the Battery Age team of experienced lithium geologists back on
the ground at our flagship Falcon Lake Lithium Project in Ontario, as we look to build on the
great results delivered from last year’s field campaign,” he said.

“We are determined to explore the potential of these properties to generate further high-priority drill targets and unlock the value of the project.”

Battery Age Minerals has been trading at 9.4c.

BM8 by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Financials lead index higher after Trump inauguration | January 21, 2025

The local index clawed back losses throughout the afternoon as investors reacted to Trump’s impending decisions…
The Market Online Video

‘Where there’s risk, there’s reward’: Stab on asset manager the year’s first Hot Stock tip

Wealth Within senior analyst Fil Tortevski and analyst Pedro Banales have named their first HotCopper Hot Stock tip of the year,
REIT concept

Trump is banning work-from-home for Federal workers. Could our REIT index see contagion upside?

To answer the question at the top of the article, any benefit for Australian REIT stocks posed by Trump’s decision to ban work-from-home
Image of clinical researcher making notes

‘Significant’ new milestone for Recce in clinical testing of skin infection gel

Recce Pharmaceuticals Ltd has seen its share price rise more than 1% as it completes dosing…