Battery Minerals Limited provided an update on exploration activities at the Stavely-Stawell Copper-Gold Project. Previous work by CRA Exploration in the early 1990's produced high-grade rockchip (float) results, up to 430g/t Au, associated with altered pyritic siltstone at Coxs Find (ASX BAT 14 October 2021). The high-grade surface results have been verified, with recent sampling returning 174.5 g/t Au, 68.1 g/t Au, 38.4 g/t Au with the combined datasets suggesting a broad north westerly trending target zone which remains poorly drill tested.

To assist in better understanding the high-grade gold mineralisation at Coxs Find and refine the company's exploration strategy, a microscope-petrography study was commissioned through the Centre of Ore Deposit and Earth Sciences at the University of Tasmania. Scanning electron microscope (SEM) and laser ablation ICPMS mineral chemistry technology (La- ICPMS) is being used on the anomalous rockchips, with preliminary results indicating an association between gold and a component of primary (hypogene) sulphides (galena, sphalerite, chalcopyrite). The link to primary sulphides is a key knowledge breakthrough and significantly upgrades the prospectivity of the Coxs Find area for bedrock gold mineralisation (rather than sporadic alluvial occurrences) and highlights the value of detailed IP geophysics in defining priority gold-sulphide drill targets within the broader Coxs Find target zone.