Falcon Lake Lithium Project

Ontario, Canada

Outstanding exploration results with significant upside

Highly fertile region for
Lithium bearing pegmatites

Proximity to supporting
infrastructure

The Falcon Lake Project is a highly prospective Lithium exploration property located in a great mining jurisdiction supported by key infrastructure. 2023 field campaign discovered Spodumene mineralisation across a 5km corridor and drilling results to date have produced outstanding results such as 31.75m at 1.45% Li₂O from 14.65m downhole.

Highlights to Date

Rapid progress has been achieved at the Falcon Lake Lithium Project since the commencement of in field exploration activities in June 2023.

The Company’s Phase 1 drill programme was completed in the September Quarter with more than 7,000m safely drilled by Rodren Drilling with support from Battery Age exploration personnel as well as geological support from Coast Mountain Geological.

On completion of the Company’s maiden drill program, the strategic acquisition of the Falcon Extension property expanded the exploration potential at Falcon Lake Project through the consolidation of the Falcon Main and Falcon North properties, adding ~20km² of highly prospective exploration ground.

The Falcon Lake Project now comprises a total land package of ~51km² (refer to ASX announcement 10 October 2023 for further details and transaction terms).

Figure 2 – Acquired Falcon Extension shown in blue outline adjacent to Falcon Main and Falcon North with mapped pegmatites in yellow.

Figure 3 – Plan view of Falcon Lake drilled holes and future targets across the 5km prospective Corridor at Falcon Lake.

An additional 1,905m of drilling was completed in the December Quarter bringing the total metres drilled in 2023 to 9,286m, all since mobilising in June 2023. Significant intercepts received from the Phase 2 drilling have reinforced the potential for scale at Falcon Lake with multiple high-grade assay results received from Falcon East Extension, confirming the presence of significant lithium mineralisation from surface.

Falcon East Extension is the first of the 30+ targets generated from the 2023 summer field campaign at Falcon Lake to be drill tested and has emerged as a priority focus for drilling in 2024, with shallow mineralisation confirmed at the first of 30 targets to be tested as part of the Phase 2 drilling program.

Table 1 – Significant 2023 drill intercepts (refer ASX announcement 13 December 2023).

Simplified plan & cross-sections from recent Phase II drilling at Falcon Lake

Battery Age continued its baseline fieldwork program at the Falcon Lake Lithium Project in Canada, with Wabadowgang Noopming Management conducting baseline terrestrial and fisheries field programs as part of the assessment process.

Green Technology Metals Site

9.9 Mt at 1.04% Li₂O resource in accordance with the JORC Code.

The Flag Ship Seymour Project is located near the township of Armstrong and approximately 250km north of the city and port of Thunder Bay which has a long mining history and a base for geological and mining contractors.

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Little Jackfish Hydroelectric Station

Ontario Power Generation Inc. (OPG) is proposing to develop up to 78 megawatts of renewable hydroelectric power through the construction of one generating station on the Little Jackfish River (Proposed Undertaking).

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Armstrong Township

Armstrong is a small, rural community located 250km north of Thunder Bay at the end of Highway 527 and northwest of Lake Nipigon – Ontario’s largest inland lake. It is accessible by road but also by Via Rail and charter air services to the Armstrong airport.

The community of Armstrong is the gateway to Wabakimi Provincial Park; a world-class canoeing and recreational wilderness park in the heart of Northwestern Ontario. The area is made up of large Boreal Forests and fresh water lakes and rivers – a natural environment to explore while camping, hunting, canoeing and fishing.

There are approximately 300 people living in Armstrong and another 400 residents on the Whitesand First Nations reserve, directly adjacent to the town. Local residents enjoy a quiet rural lifestyle, surrounded by pristine nature and incredible beauty. The way of life is relaxed and friendly. Above all, Armstrong is a multicultural community that welcomes new people and businesses who want to ensure a vibrant future for the area and its residents.

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Whitesand First Nation

The Whitesand First Nation is an Ojibwa First Nation with a land base of 615 acres. The community of Armstrong Settlement is the main community in the area. In June 2008, their total registered population was 1086 people, of which their on-reserve population was 311.

Originally located along the northwest shore of Lake Nipigon near Mount St. John, and near the Whitesand River, which gives name to the group, Whitesand First Nation was without a home from 1942 when high water levels began eroding the shoreline and flooding out their buildings and burial grounds. Due to the economic influence of the Canadian National Railway, many Whitesand First Nation members settled along the CNR rail line. Largest of these settlements took place in Armstrong. Consequently, when a new Reserve was negotiated, it was located immediately north of that community.

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Aroland First Nation

Aroland First Nation is an Anishnawbe First Nation located 60km north of Geraldton and 20km west of Nakina on Hwy 643 in Northern Ontario, Canada.

Aroland First Nation is an organisation which is dedicated to delivering and creating education, health, cultural, and economic opportunities for its members and conserving its traditional territory. Aroland has a strong connection to the land and has been a steward of the land since time immemorial. Prior to European contact, the ancestors of Aroland First Nation hunted and fished, as well as both cultivated and gathered vegetation from the land. The settlement of Aroland First Nation occurred circa 1900 by community members engaged in the fur trade with the Hudson’s Bay Company.

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Canadian National Rail

CN’s network is your connection to North America and the world. Whether you’re shipping across our rail network of approximately 20,000 route-miles of track, shipping globally through the many ports we service on three coasts, or leveraging 23 strategically located Intermodal terminals across our network, we connect you with the people that matter most: your customers.

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AZA First Nation

Animbiigoo Zaagi’igan Anishinaabek First Nation is an Ojibwe First Nation in northwestern Ontario with a reserve on Partridge Lake called Lake Nipigon Indian Reserve within the town of Greenstone.

From being formally recognised by the Government of Canada as a community in 1921, through to many years of negotiation and signing a final land agreement in 2005, the Animbiigoo Zaagi’igan Anishinaabek continue to thrive and enhance services to AZA members. New policies for election, membership and finance are finalised and passed by membership. The history of AZA Elders is documented in a film entitled “Red Willow Trails” and efforts are focussed on preparation for reserve development.

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The Company is committed to adhering to best practices in environmental stewardship and ensuring the preservation of the natural ecosystems surrounding Falcon Lake.