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Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announce the preliminary results for sulphide mineral tests at the nickel, cobalt, copper Castriz prospect in Galicia, northern Spain. In the larger Corcel project, Castriz is one of three primary prospect areas together with Monte Mayor and Monte Castello.
Key points:
- Preliminary results received from nickel sulphide mineral tests on mineralised samples from recent drilling at Castriz.
- Analytical methods that distinguish between nickel in sulphide minerals and nickel in non-sulphide minerals determined that on average 87% of the whole rock nickel assay previously reported is sourced from nickel sulphide minerals.
- Nickel from sulphide assay results of up to 0.64% Ni were recorded in the latest tests. Several samples contain nickel from sulphide concentrations of between 0.3-0.4% Ni which is considered to be an economic grade for low-cost, open pit mining.
- Remaining samples from previously announced mineralised intervals are to be submitted for nickel sulphide analysis. Samples have also been submitted for more detailed mineralogy studies and QEMSCAN analysis to determine sulphide species and mineral liberation characteristics.
- Castriz prospect now confirmed as a significant discovery of nickel sulphide minerals, with an extensive prospective area confirmed for over 700m in strike length and approximately 700m in width. The nickel sulphide mineralisation at Castriz commences from surface to a depth of over 200m and remains open along strike and at depth.
- Studies assessing potential mining scenarios at Castriz have commenced. Preparatory works are also underway for 2020 field activities at Castriz and the wider Corcel Project.
In total, 11 samples from three different drill holes from the 2019 Castriz drilling were analysed by ALS Global1 in Perth, Australia, using a methodology applicable for analysing the proportion of nickel in a rock sourced from sulphide minerals. Nickel sulphide, also known as Class 1 nickel, is the preferred mineral for producing the intermediate products required for electric battery applications. The results show that the vast majority of the nickel intersections previously announced from Castriz are sourced from economic nickel sulphide minerals.
– We are extremely happy with the latest test results from the Castriz prospect. With the results in hand we can conclude the proportion of economic nickel sulphide minerals in the ground is high. Going forward, the results provides great confidence for us in realising the full potential of the Corcel project and provide battery minerals, thus being a significant part of the foundation of the battery value chain in Europe.
The attached report contains detailed analysis about the latest assay results.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 04 May 2020 at 08:00 CEST.
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.
Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
1 ALS Global is the leading full-service provider of analytical geochemistry services to the global mining industry.
Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced the final results from the drilling campaign for nickel, cobalt and copper at its Castriz prospect in Galicia in northern Spain. In the larger Corcel project, Castriz is one of three primary prospect areas together with Monte Mayor and Monte Castello.
Key points:
-
Final assay results received from recent drilling at Castriz prospect. Results received from the remaining two holes of the four hole, 998m drilling program.
- Previously identified coincident geochemical and geophysical anomalies tested by drilling. Maximum assay results of up to 0.69% Ni, 0.28% Cu and 0.02% Co were intersected.
- Anomalous levels of nickel now intersected for over 700m in strike and 700m in width. Much larger area then previous analysis and drilling activities indicated.
- Mineral analysis underway to evaluate economic potential for a large tonnage resource.
- Additional elevated levels of nickel (Ni), copper (Cu) and cobalt (Co) intersected at Castriz, extending the prospective zone along strike and in width. Assay highlights include:
-
75m @ 0.24% Ni, 0.04% Cu & 0.01% Co from 131.5m (19DD0003)
- including 9.0m @ 0.44% Ni, 0.14% Cu & 0.02% Co from 191.5m
- 28.8m @ 0.20% Ni, 0.14% Cu & 0.01% Co from 6.8m (19DD0004)
- Planning underway to apply proven mineral exploration strategy at the Monte Mayor and Monte Castello prospects.
A total of 314 samples were geochemically analysed following the Company’s four hole, 998m drilling programme during Autumn of 2019. The results from these two remaining two drill holes has expanded the zone of anomalous levels of nickel.
–We are very pleased with the updated results. The drilling results have significantly increased the size of the prospective resource, confirmed the grade, and demonstrated the continued existence of a potential for large tonnage resource,said Roberto García Martínez, CEO of Eurobattery Minerals.
Field activities completed by BAT in 2019 at the Castriz prospect identified large zones, up to 1km in strike, with anomalous nickel (Ni), copper (Cu) and cobalt (Co) geochemistry and coincident increased magnetic response in the underlying bedrock.
Three of the zones were drill tested to assess the potential for mafic-ultramafic hosted Ni-Cu-Co sulphide deposits. Drilling intersected a sequence of variably mineralised sepentinite and amphibolite units at the northern and western anomalies.
The Company previously announced the results of the first two drill results (see NGM release 10th December 2019), including 69m @ 0.30% Ni, 0.04% Cu & 0.01% Co from 78m (19DD0001) and 24.5m @ 0.30% Ni, 0.12% Cu & 0.01% Co from 14.5m (19DD0002) and identified a prospective zone of over 500m in strike length. Assay highlights from the final two holes include:
- 75m @ 0.24% Ni, 0.04% Cu & 0.01% Co from 131.5m, including 9.0m @ 0.44% Ni, 0.14% Cu & 0.02% Co from 191.5m (19DD0003)
- 28.8m @ 0.20% Ni, 0.14% Cu & 0.01% Co from 6.8m (19DD0004)
The results of the final two drill holes have now expanded this zone to over 700m in length and 700m in width, further increasing the prospective zone of near-surface metal-rich rock.
BAT has commenced mineral studies which will be used in conjunction with the assay data to assess the economic potential at Castriz to host large, bulk tonnage resources or selective mining of higher-grade resources.
–The development activities remain on schedule to assess the economic potential of the project advancing towards to pre-feasibility studies during 2020 and we are looking forward to give continuous updates on the progress, Roberto García Martínez concludes.
Further to this, the Company will also look to apply its successful exploration strategy elsewhere in the Corcel Project, including the Monte Mayor and Monte Castello prospects in close proximity to Castriz.
The attached report contains detailed analysis about the drill results at the Castriz prospect.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 28 January 2020 at 08:00 CEST.
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.
Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
Eurobattery Minerals AB (NGM; “BAT”); a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced the start of the drilling campaign in its Spanish ‘Corcel project’ in northwest Spain. ‘Corcel’ is located at Castriz, approximately 50 km southwest of the regional centre of La Coruña, Galicia. Leading Spanish drilling contractor Geonor Sondeos y Perforaciones S.L “Geonor” has been awarded the contract and drilling starts today. The company has recently finalized a comprehensive analysis of the deposit in the Corcel finding and concluded that there are large deposits of nickel in the ground as well as cobalt and copper. Eurobattery Minerals are now launching the next step when drilling commence today.
– Europe’s big automotive industry has a great need for sustainably produced batteries. Something that the EU Commission has also identified as an important strategic goal for the region in order to be climate neutral. Achieving this requires sustainable and ethical mined battery minerals. Through the drilling we are now launching and we are taking an important step in providing Europe with ethical battery minerals,” says Roberto García Martínez, CEO of Eurobattery Minerals.
Drilling at Corcel will be an important milestone for Eurobattery Minerals, no modern exploration method have been applied there since the 1980’s. The company is expecting to complete the drilling campaign during Q4 2019 and after this announce the final results of the campaign.
Following an analysis of the historical data, Eurobattery Minerals defined a near-surface exploration target in the range of 75Mt to 100Mt @ 0.4% Nickel (Ni), 0.02% Cobalt (Co) and 0.2% Copper (Cu). After its own exploration activities, (with up to 0.66% Ni was recorded), which defined a number of anomalies of larger scale than the historical exploration recognised, Eurobattery Minerals is reassessing this exploration target with the view of significantly increasing it.
– The mineralisation already identified at Corcel is shallow, and would therefore be amenable to low cost with open cut mining methods which would make the economics strong for any potential mine developments, in which >0.15% Ni is a typical economic cut-off for open cut nickel deposits, said Roberto García Martínez.
Spanish drilling contractor Geonor will conduct the drilling. The company, founded in 2001, is dedicated to provide services in the fields of civil engineering, construction and mining. They are specialists in conducting mineral and geotechnical drilling, as well as in technical assistance in these fields, having worked for a number of international exploration and mining companies and is one of the leading drilling contractors in Spain.
– I am looking forward to work in close collaboration with Geonor in the drilling campaign and ultimately to get the final results later in Q4, Roberto García Martínez concludes.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
Key Points
• Geochemical and geophysical program completed at Castriz prospect
• The Company’s results are also significantly better than the historical soil sampling at Castriz
• Outstanding nickel-in-soil assay results confirm prospectivity of Castriz, with up to 0.66% Ni recorded (historical were a maximum value of 0.3% Ni); more than 146 samples returned assays >0.15% Ni which is a typical economic cut-off for open cut nickel deposits
• Nickel anomalies are coincident with elevated copper concentrations (up to 0.2% Cu)
• Cobalt results were better than historical data indicated
• Geochemical anomalies associated with elevated magnetic responses in the underlying bedrock interpreted to be caused by fluid alteration processes
• The high quality of the results demands further exploration at Castriz
• Multiple drill targets identified, with planning underway for drilling in September
• Technical report attached
CORCEL NICKEL-COBALT-COPPER PROJECT UPDATE SUMARY
Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”) is pleased to issue an update on its exploration for nickel, cobalt and copper at its Corcel Project in Galicia, northern Spain. The company commenced field activities at the Castriz prospect in July 2019 and has recently received the final results and interpretations from its field work program. Field activities included geological mapping, soil sampling and ground-based magnetic and ground penetrating radar (GPR) geophysical surveys. The attached report contains the full descriptions of the results from the exploration work program.
– I am pleased to announce the good results from the geochemical and geophysical program from the Castriz prospect in Spain, said Roberto Garcia Martinez, CEO of Eurobattery Minerals. The amount of nickel and cobalt in the ground is much higher than historical soil sampling, and as such the results supports the company’s view that Castriz has an outstanding potential to provide the European battery market with key minerals.
Field activities have realised the identification of several large zones, up to 1km in strike, with anomalous nickel (Ni) geochemistry that are coincident with increased magnetic signatures in the underlying bedrock. These zones are interpreted to have developed as a response to hydrothermal alteration processes that have potentially remobilised sulphide minerals and deposited them in favourable structural locations as evidenced by the geophysics.
Ore grade nickel-in-soil anomalies up to 0.66% Ni have been detected at Castriz. Fifty-two (52) samples returned assays greater than 0.2% Ni and 146 samples returned assays >0.15% Ni. A typical economic cut- off grade for shallow mineralisation that is amenable to open cut mining is 0.15% Ni. The Company’s results are also significantly better than the historical soil sampling at Castriz which returned a maximum value of 0.3% Ni. Anomalous levels of copper (up to 0.2% Cu) and cobalt (up to 0.08% Co) have also been detected with the copper anomalies being coincident with nickel anomalies. The magnitude of the anomalies is encouraging given soil profiles are usually depleted with respect to the fresh rock underneath. Therefore, there is an anticipation of higher grades at depth.
The nature of the geochemical and geophysical anomalies and the size of the anomalies supports the Company’s view that Castriz is a very high-quality prospect with outstanding potential to host a large nickel deposit. Coincident Ni-Co-Cu anomalies are often associated with sulphide mineral accumulations (pentlandite and chalcopyrite) which are minerals that are highly sought after in the battery and electric vehicle markets. Consequently, the Company believes the project warrants further exploration and will proceed with drill testing the most attractive target in the current quarter. Eurobattery Minerals looks forward to providing updates to the market in the coming weeks once drilling commences.
For further information, please contact:
Roberto Garcia Martinez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 04. September at 08:00 CEST
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
Orezone AB (publ) (“Orezone” or the “Company”) has since February 2019 done geophysical works in order to validate the old available geochemistry data from E.N. ADARO on the Castriz target (on both Carmen Fraction 2a and I.P. Salgueiras) with a team of three geologists, one mining engineer as well as other needed personnel.
The work until now has included:
– Geophysical works – detailed mapping of the property, including over 500 soil samples which are being analysed continuously.
– Cleaning up of the area in order to be able to do cost-effective geochemical surveys.
The few assays received from the soil samples so far indicate promising results for the target metals Cobalt, Nickel, Copper as well as Vanadium, meaning they are according to the old results. The Company expects to take 1,800 soil samples altogether.
Geochemical surveys are planned to be started in the next weeks, depending on weather conditions, and are expected to be finalised in two months.
For more information, please contact:
Roberto Garcia Martinez, VD
E-post: roberto.g@orezone.se
Orezone in Brief
Orezone AB (publ) is a Swedish exploration company that conducts targeted mineral exploration in Europe. The Company’s business model is to acquire projects and assets, to prospect and explore on these and to develop the deposits to economically profitable mines. Orezone focuses on exploration and development of commodities used in batteries and electric vehicles. Augment Partners AB, tel: +46 8 505 651 72, info@augment.se is Orezone’s Mentor.