TIDMTM1
Technology Minerals PLC
14 August 2023
14 August 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Lithium Pegmatite Dike Swarm Drilled at the Leinster Lithium
Project in Ireland
Technology Minerals Plc (LSE: TM1), the first listed UK company
focused on creating a sustainable circular economy for battery
metals, is pleased to announce that Global Battery Metals Ltd
("GBML"), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), has provided
an update on the ongoing drilling campaign at the Knockeen prospect
(PLA 1597) on our North Leinster lithium project in Ireland. The
project is progressing under an ongoing and successful option
agreement between GBML and Technology Minerals which is being
operated by GBML.
Key Highlights:
-- Drilling confirms Lithium-Cesium-Tantalum (LCT) pegmatite dike swarm at Knockeen Prospect.
-- Phase 1 drill holes (DDH-23-1597-01 - DDH-23-1597-04)
completed for a total of 656m. Visual analysis of core suggests
intervals of lithium mineralisation among pegmatite intersections
from all four drill holes sent to ALS Laboratories for
assaying.
-- Drilling of Hole Five (DDH-23-1597-05) is currently underway,
with GBML announcing its intent to pursue drilling at all 10
permitted drill sites for a total of approximately 2,000m.
-- S ustainability consultant and critical raw materials policy
expert to the European Commission's Directorate-General for
Research & Innovation, Niall McManus, has been engaged to help
steward public interaction programme development and stakeholder
relations.
-- Commencement of 'district scale' expanded exploration and
prospecting activity across Northern Block licenses at key primary
target areas, including Aghavannagh, Sorrel, Tonygarrow, Scurlocks
and Knocknaboley.
Drilling Confirms LCT Pegmatite Swarm at Knockeen Prospect
GBML has completed four drill holes (DDH-23-1597-01 -
DDH-23-1597-04) for a total of 656m, with drilling now underway at
DDH-23-1597-05. Further to the GBML's 7 June, 2023 Program Update ,
several drilling adjustments have been applied based on the
measured pegmatite dike geometries and orientations which were
intersected in the first hole. GBML has succeeded in intersecting
multiple dikes within the host granites to reveal a structurally
controlled LCT pegmatite system, which importantly includes
spodumene pegmatite intervals which continue to be logged, sampled
and dispatched for analysis at ALS Laboratories. See Images 1-2
below.
Alex Stanbury, CEO of Technology Minerals, said: "We are pleased
by the ongoing strides in drilling at our Leinster site in
collaboration with Global Battery Metals. The GBML team remains
steadfast in their drilling efforts, core sampling, and laboratory
analyses, all of which are contributing to a progressively deeper
comprehension of our primary target zones. The burgeoning success
of our Leinster Property is evident as we forge ahead, confirming
lithium mineralisation and exploring the exciting potential for
expansive district-scale growth. The Leinster Property stands as a
testament to our strategic commitment to advance emerging projects,
entice prospective joint venture collaborators, and enhance the
intrinsic value of Technology Minerals."
The drill programme has been approved under the government's
detailed "appropriate assessment screening" process for up to 10
drill holes for a total of approximately 2,000m. No drilling has
ever been carried out at the Knockeen Prospect previously, and
intersecting potential lithium bearing pegmatites among the first
four holes drilled would be considered a major technical success.
Prior surface exploration activities identified and confirmed
expansive surface boulder trains of lithium pegmatite lithologies
in a number of areas across the Leinster property, with recent
assay results of 66 rock samples analysed by ALS Laboratories
earlier this year returning Li(2) O% lithium contents ranging up to
3.75 % Li(2) O / 17,410 ppm Li. The project is being managed on the
ground by a technical team experienced in LCT pegmatite systems
from exploration contracting company Aurum Global Exploration
Services Limited.
Image 1: Spodumene pegmatite
in drill core DDH 23-1597-01
Image 2: Spodumene pegmatite in drill core DDH 23-1597-02
Leading CRM Sustainability Consultant Engaged for Social License
Development
Niall McManus , a s ustainability consultant with EarthRoute and
critical raw materials policy expert to the European Commission,
has been engaged by GBML to help steward stakeholder relations and
Social License development efforts related to GBML's advancing
interests in the Leinster Lithium Project, global CRM supply chain
needs and rising resource nationalism. Located in nearby Kilkenny
and listed on Enterprise Ireland Directory of Green Service
Providers, Niall brings 25 years of global raw materials value
chain and sustainability experience in southern and East Africa,
Southeast Asia, North America and Europe. Specialty areas include
everything from natural resources, exploration and the circular
economy, to sustainable development, senior stakeholder management,
EU funding and program evaluation.
Technology Minerals and GBML recognise that the acceptance of a
forward-thinking minerals exploration company by community
stakeholders and the general public to explore for critical raw
materials for everyday use in electric vehicles, household
appliances and mobile telephones - also extends to earning the
respect of additional groups that are demanding stronger engagement
and transparency, including ethical investors, international
financial institutions and local and national governments. GBML and
Technology Minerals' Directors understand that such a corporate
outlook is key to unlocking positive exploration outcomes by
following low impact / low sound / low disturbance exploration
programme best practice for environmental sensitivity.
All mineral exploration activities in Ireland take place under
the auspices of the GSRO, a division within the Government
Department of the Environment, Communications & Climate Change.
Exploration is governed under the framework of both Irish and EU
legislation that has been implemented to ensure that the
environment is protected during exploratory work. Prospecting
license holders must comply with all of the relevant legislation.
GBML is pleased to confirm that it adheres to the highest standards
of good practice in relation to its ongoing exploration activities
having completed a detailed GSRO "Appropriate Assessment" process
prior to commencement and which was reviewed, approved and signed
off by the appropriate oversight authorities.
District-Scale Exploration & Prospecting Set to Commence
Across Key Northern Targets
Located south of Dublin in the counties of Wicklow and South
Carlow, the Leinster Lithium Project consists of 16 prospecting
license areas situated along strike to the joint Ganfeng Lithium /
International Lithium Corporation Blackstairs Lithium Project. The
total license holding covers approximately 525 km(2) along and
adjacent to the East Carlow Deformation Zone (ECDZ) and associated
splay structures which are now recognized as the major controlling
structures to pegmatite emplacement across the region. In addition
to GBML's ongoing drill programme at Knockeen, a new and focused
phase of associated exploration activities is in the advanced stage
of planning and due to commence soon. These programmes will take
place across the Northern License Block will include detailed
prospecting and mapping programmes that will initially target the
five known occurrences of lithium pegmatites discovered by GBML
during previous phases of exploration (see Tables 1 and 2) and will
extend out along interpreted structural corridors within the
granite and at granite pluton margins with the Lower Paleozoic
metasediments and metavolcanics.
Li2O
SAMPLE Li ppm % Area Target
AES63091 11700 2.52 Tonygarrow
------- ----- --------------
AES63053 10580 2.28 Sorrel
------- ----- --------------
AES63530 10400 2.24 Scurlocks
------- ----- --------------
AES63088 9890 2.13 Tonygarrow
------- ----- --------------
AES43343 8280 1.78 Aghavannagh
------- ----- --------------
AES63089 8200 1.77 Tonygarrow
------- ----- --------------
AES34326 7680 1.65 Sorrel
------- ----- --------------
AES63090 6470 1.39 Tonygarrow
------- ----- --------------
AES63064 5000 1.08 Scurlocks
------- ----- --------------
AES43329 4630 1.00 Tonygarrow
------- ----- --------------
AES63529 4140 0.89 Scurlocks
------- ----- --------------
AES63092 3290 0.71 Tonygarrow
------- ----- --------------
AX9021 3030 0.65 Scurlocks
------- ----- --------------
AES63094 1470 0.32 Tonygarrow
------- ----- --------------
AES63095 1360 0.29 Tonygarrow
------- ----- --------------
AES63069 1000 0.22 Tonygarrow
------- ----- --------------
AES63096 800 0.17 Tonygarrow
------- ----- --------------
AES63097 700 0.15 Tonygarrow
------- ----- --------------
AES63542 620 0.13 Knocknaboley
------- ----- --------------
AES43370 590 0.13 Tonygarrow
------- ----- --------------
AES63537 550 0.12 Sorrel
------- ----- --------------
AES63098 540 0.12 Tonygarrow
------- ----- --------------
AES49787 480 0.10 Scurlocks
------- ----- --------------
AES43363 470 0.10 Sorrel
------- ----- --------------
Table 1: List of analytical results to-date for prospecting on
GBML's Northern License Block
Image 3: Northern Block Target Areas showing occurrences of
Lithium Pegmatites shown in Table 1
Work has also commenced on a detailed remote sensing and
structural interpretation of the Leinster Massif along with more
detailed interpretations over the licenses held under the
GBML-Technology Minerals agreement. This will be conducted by
industry specialist consultants Frank Murphy & Associates,
helping to further focus GBML's ongoing work programmes and
identify additional targets for follow-up exploration programmes in
the coming months.
Competent Person
All scientific and technical information in this announcement
has been prepared under the supervision of and reviewed and
approved by EurGeol Vaughan Williams, M.Sc., P.Geo., (Principal of
Aurum Exploration Services currently providing exploration services
to GBML and to LRH Resources Limited (" LRH ")), a "qualified
person" within the meaning of National Instrument 43-101.
Quality Assurance/Quality Control
Quality Assurance/Quality Control of drill core samples and
associated assay results are monitored by GBML and Technology
Minerals through a quality assurance/quality control ("QA/QC")
protocol which includes the insertion of blind standard reference
materials, blanks, and duplicates at regular intervals.
Core is drilled in HQ core diameter and each 3 metres of core
recovered is orientated by the drilling contractor on completion of
each run drilled. Drill core is laid out in strong core boxes and
transported by Company geologists from the drill rig to GBML's
secure logging facility.
Drill core is then logged using an established logging procedure
capturing detailed lithological data as well as measuring all
structural elements using a Reflex IQ Logger for accurate
orientation of all contacts and structures.
The core is marked up for sampling and sawn on site using a
diamond core saw. Half core samples are then bagged and secured
using plastic cable ties and the samples are then securely
transported to ALS Laboratory ("ALS") facilities in County Galway,
Republic of Ireland.
Samples are analysed for lithium as well as multi elemental
trace elements using the specific LCT pegmatite analytical suite
ME-MS89L offered by ALS.
ALS also performs its own internal QA/QC procedures to assure
the accuracy and integrity of results.
GBML and Technology Minerals are unaware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data referred to herein.
Enquiries
Technology Minerals Plc
Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer +44 20 4582 3500
--------------------
Oberon Investments Limited
--------------------
Nick Lovering, Adam Pollock +44 (0)20 3179 0535
--------------------
Gracechurch Group
--------------------
Harry Chathli, Alexis Gore, Rebecca
Scott +44 20 4582 3500
--------------------
Technology Minerals Plc
Technology Minerals is developing the UK's first listed,
sustainable circular economy for battery metals, using cutting-edge
technology to recycle, recover, and re-use battery technologies for
a renewable energy future. Technology Minerals is focused on
extracting raw materials required for Li-ion batteries, whilst
solving the ecological issue of spent Li-ion batteries, by
recycling them for re-use by battery manufacturers. With the
increasing global demand for battery metals to supply
electrification, the group will explore, mine, and recycle metals
from spent batteries. Further information on Technology Minerals is
available at www.technologyminerals.co.uk
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END
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August 14, 2023 08:07 ET (12:07 GMT)
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