Battery Minerals Limited provided an update on exploration activities at the Stavely-Stawell Gold-Copper Project. DEFINING PRIORITY DRILL TARGETS AT COXS FIND - FRANKFURT: Given the sulphide association and likely bedrock source of the high-grade surface gold at Coxs Find, an Induced Polarisation survey (IP) was designed to map the distribution of sulphides and define priority drill targets. The effectiveness of the technique has resulted in a planned extension of the survey along with commencing plans for drill testing.

The planned extension of the IP survey will also cover the Frankfurt Prospect area, where strong AC gold anomalism (8m @ 0.79g/t Au from 27m to EOH) is associated with a `fertile' gold multielement signature and defines an open >160m wide target zone. IP GEOPHYSICS DEFINING PRIORITY GOLD-SULPHIDE DRILL TARGETS: Fender Geophysics conducted the IP survey utilising a pole-dipole electrode configuration with electrodes spaced at 50m and 100m (dipoles) along 200m spaced lines. The survey included a total of 7-line kilometres and utilised a combination of 50m and 100m dipoles to detect varying target geometries and sulphide habits.

An oblique, northeast trending local grid was established to best crosscut the main geological fabric and to enable efficient logistics. COXS FIND PROSPECT: The Coxs Find Prospect is defined by multiple high-grade rockchip results, up to 430g/t Au associated with sericite-silica-pyrite altered siltstone (ASX BAT 14 October 2021). The mineralisation has been characterised using scanning electron microscope (SEM) and laser ablation ICPMS mineral chemistry (La-ICPMS), which indicates an association between gold and bedrock (primary) sulphides (galena, sphalerite, chalcopyrite).

FRANKFURT PROSPECT: The Frankfurt Prospect is characterised by strong multipoint AC gold anomalism (8m @ 0.79g/t Au from 27m to EOH) defining an open >160m wide target zone and associated with a `fertile' gold multielement signature.