Battery Age Minerals Expands Portfolio with Acquisition of High-Grade Gold-Silver Project in Argentina

Key Highlights

• Battery Age Minerals (ASX: BM8) secures farm-in agreement to acquire up to 100% of the El Aguila Gold & Silver Project in Argentina.
• Project located in Santa Cruz province, Argentina's leading mining export region, producing 680,000 ounces of gold and 15.2 million ounces of silver in 2023.
• Exploration includes high-grade surface samples up to 174.58 g/t gold and 4,739 g/t silver.
• Upcoming exploration campaigns target large-scale, high-grade gold and silver mineralization.

Battery Age Minerals Ltd (ASX: BM8) has announced a significant expansion of its mineral exploration portfolio through a farm-in agreement with Fredonia Mining Inc. to acquire up to 100% of the El Aguila Gold & Silver Project in Argentina's Santa Cruz province. This strategic acquisition positions the company in one of the most prolific gold and silver mining regions in Argentina.

The El Aguila project spans 9,124 hectares and is located near major operating gold and silver mines, such as the Kanowna Belle and Kalgoorlie Superpit equivalents in South America. The region produced 680,000 ounces of gold and 15.2 million ounces of silver in 2023, accounting for nearly 42% of Argentina’s mining exports.

Geological Potential and High-Grade Samples

The El Aguila property boasts a geologically favorable environment characterized as a “failed volcanic caldera.” Structures such as low-sulfidation epithermal quartz veins, breccias, and stockworks are highly indicative of significant gold and silver mineralization. Over 100 surface samples have confirmed exceptional grades, including:

• Gold: Up to 174.58 g/t
• Silver: Up to 4,739 g/t

These findings highlight the project's potential for large-scale high-grade mineralization, with minimal prior exploration below 100 meters.

Upcoming Exploration Plans

Battery Age Minerals (ASX: BM8) plans to commence a comprehensive exploration campaign in Q1 2025, starting with geological mapping, trenching, and soil sampling. Geophysical surveys, including LiDAR and magnetic studies, will complement the surface exploration.

A maiden drilling campaign is scheduled for late 2025, focusing on both the Aguila Main and Aguila South targets, where historical drilling has identified promising mineralization zones such as:

• 7.00m @ 2.48 g/t Au, including 1.7m @ 9.02 g/t Au.
• 0.55m @ 40.55 g/t Au and 107 g/t Ag.

CEO Nigel Broomham expressed optimism about the project’s potential, "The El Aguila project represents a significant milestone for Battery Age. Its geological setting and high-grade samples provide a robust foundation for large-scale gold and silver discoveries. Our exploration team is eager to unlock its full potential in collaboration with Fredonia Mining."

Strengthening a Diversified Portfolio

The addition of El Aguila further diversifies Battery Age Minerals (ASX: BM8) portfolio, complementing its existing lithium and germanium projects in Canada and Austria. This strategic focus aligns with the company’s goal of establishing itself as a multi-commodity explorer with a global footprint.

Capital Raising and Financial Strategy

To support the acquisition and exploration activities, Battery Age Minerals (ASX: BM8) has initiated a capital raising effort, details of which will be disclosed in a subsequent announcement. The funds will be allocated to enhance exploration at El Aguila and advance the company’s broader asset portfolio.

Looking Forward

Battery Age Minerals (ASX: BM8) is poised to make significant strides in unlocking the untapped potential of the El Aguila project. With strong geological evidence, a favorable mining jurisdiction, and a clear exploration roadmap, the company aims to deliver value for shareholders while contributing to the global gold and silver markets.