FE Battery Metals Corp. announced results of Drill Holes LC23-88 from 2023 exploratory drill program at its Augustus Lithium Property in Quebec, Canada. The drill hole LC23-88 intersected three spodumene-bearing lithium pegmatites of variable widths and grades, including one intercept of 1.05% lithium oxide (Li2O) over 8.75 metres (m) at 90.25 m drilled depth.

There are anomalous values of other rare metals such as beryllium (Be), cesium (Cs), niobium (Nb), tantalum (Ta) and rubidium. The top, Number 1 Pegmatite intersected 1.18% Li2O over 3 metres at 43.6 m drilled depth. There are anomalous values of other rare metals in this section with an average of 161 parts per million (ppm) Be, 66.63 ppm Cs, 50.47 ppm Nb, 221.73 ppm Rb and 99.29 ppm Ta.

The middle, Number 2 Pegmatite intersected 1.18 % Li2O over one meter at 57 m drilled depth. There are anomalous values of other rare metals in this section with 227 ppm Be, 19.60 ppm Cs, 71.80 ppm Nb, and 102 ppm Ta. Another one-meter section below this pegmatite intersected biotite schist rocks with 0.53% Li2O, 1,920 ppm Cs, and over 5,000 ppm rubidium.

The bottom, Number 3 Pegmatite, intersected 1.05 % Li2O over 8.75 m at 90.25 m drilled depth. Other rare metals in this section have anomalous values, with an average of 110.33 ppm Be, 49.78 ppm Cs, 83.60 ppm Nb, 1,358.67 ppm Rb, and 75.20 ppm Ta. Drill hole LC23-88 was drilled at location 5367788.33N, 287244.25E, UTM NAD 1983 Zone 18N, at azimuth 227.42 degrees and dip -74.5 with a drilled depth of 183 m. The drill hole was placed at the main Augustus zone.

The drill program is based on the historical and current exploration data. The drill program was contracted to Forage Hebert Inc. Drilling of Amos, Quebec. A B-20 drill rig is deployed for this work.

A core shack is built at the village of St-Dominique du Rosaire, located about 50km from the Property, for drill core logging, sample preparation and storage. To date, a total of 89 drill holes with a cumulative diamond drilling of 16,607.64 m have been completed on the Property. The drill core is logged and sampled at the core shack using a rock saw.

For quality control and quality assurance (QA/QC), field duplicates, standards and blanks are being inserted at industry standard intervals. The samples were bagged and tagged using best practices and delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario, for sample preparation and analyses using laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2), as summarized below. ACTLABS is an independent commercial, accredited ISO-certified laboratory.