Champion Electric Metals Inc. announced the initiation of low-altitude orthophotography and aeromagnetic data acquisition at the Company's Twin Peaks Cobalt Project located in the Idaho Cobalt Belt. MWH Geo-Surveys of Reno, Nevada, will conduct the airborne surveys in two stages. First, the contractor will deploy an unmanned aerial vehicle (UAV) to collect detailed orthophotography.

The airborne photography and resulting digital terrain model will serve as a base map for subsequent field work and guide safe low-altitude aeromagnetic data acquisition. The subsequent aeromagnetic survey will consist of approximately 640 line-km flown at a nominal sensor height and line spacing of 50 m. Orthophotography acquisition is currently nearing completion. The crew is expected to transition to the aeromagnetic survey immediately afterwards.

Data processing will take several weeks, and final deliverables are expected in early July 2023. The Twin Peaks Project includes both the historical Twin Peaks Copper Mine and the Badger Basin Prospect. The property is at an early stage of exploration but located approximately 3 kilometres southeast from Electra Battery Metals' advanced exploration stage Iron Creek Project, which boasts an indicated resource of 4.4 Mt grading 0.19% cobalt (Co) and 0.73% copper (Cu) and 1.2 Mt grading 0.08% Co and 1.34% Cu in the inferred category (NI 43-101 Technical Report and Mineral Resource Estimate for the Iron Creek Cobalt-Copper Property, Lemhi County, Idaho, USA).