BATTERY MINERAL RESOURCES INITIATES NEW DRILLING PROGRAM AND ANNOUNCES ENCOURAGING DRILL RESULTS FROM ITS PUNITAQUI COPPER MINE IN CHILE

Battery Mineral Resources Corp., a mineral exploration and development company, has announced the initiation of a new drilling program at its Punitaqui Copper Mine located in the Atacama Region of Chile. The company also reported encouraging drill results from the ongoing exploration activities at the site.

The Punitaqui Copper Mine is a significant project for Battery Mineral Resources, as it is considered to be one of the largest undeveloped copper deposits in the world. The deposit contains high-grade copper mineralization, with the potential to produce both copper and lithium as by-products.

The new drilling program, which is expected to commence in July 2024, will focus on expanding the known mineralized zones at the Punitaqui Copper Mine. The program will consist of approximately 10,000 meters of reverse circulation and diamond drilling, with the primary objective of increasing the resource base and providing a more detailed understanding of the deposit's geology.

The encouraging drill results announced by the company include high-grade intercepts from the ongoing reverse circulation drilling program. One of the most notable intercepts was 121 meters grading 0.53% copper and 0.01% lithium from a depth of 100 meters. Another intercept was 114 meters grading 0.51% copper and 0.01% lithium from a depth of 150 meters. These results demonstrate the potential for significant copper and lithium mineralization at the Punitaqui Copper Mine.

Battery Mineral Resources is optimistic about the potential of the Punitaqui Copper Mine, as it is located in a region that is known for its favorable mining conditions, including a dry climate, good infrastructure, and a skilled workforce. The company believes that the project has the potential to become a major supplier of copper and lithium to the global market, given the increasing demand for these metals in the renewable energy and electric vehicle industries.

The new drilling program and the encouraging drill results are significant developments for Battery Mineral Resources, as they provide a strong foundation for the continued growth and development of the Punitaqui Copper Mine project. The company will provide further updates on the drilling program and the exploration activities at the Punitaqui Copper Mine as they become available.