Battery Minerals Limited provided an update on exploration activities at the Stavely-Stawell Gold-Copper and Azura Copper-Nickel Projects. Stavely-Stawell Gold-Copper Project: DEFINING PRIORITY DRILL TARGETS AT COXS FIND AND FRANKFURT: Given the sulphide association and likely bedrock source of the high-grade surface gold at Coxs Find, an IP survey has been designed to map the distribution of sulphides and define priority drill targets. The survey will also cover the Frankfurt area, where strong AC gold anomalism(8m @ 0.79g/t Au from 27m to EOH) is associated with a `fertile' multielement signature and defines an open >160m wide target zone.

COXS FIND PROSPECT: The Coxs Find gold target is defined by multiple high-grade rockchip results, up to 430g/t Au associated with sericite-silica-pyrite altered siltstone. The mineralisation has been characterised using scanning electron microscope (SEM) and laser ablation ICPMS mineral chemistry (La-ICPMS), which indicates an association between gold and bedrock (primary) sulphides (galena, sphalerite, chalcopyrite). FRANKFURT PROSPECT: The northern extent of the Coxs Find Trend has been termed the Frankfurt target and is characterized by strong multipoint AC gold anomalism (8m @ 0.79g/t Au from 27m to EOH) associated with a `fertile' multi element signature defining an open >160m wide target zone.

REGIONAL AIRCORE DRILLING: Aircore drilling forms a key part of the Company's exploration strategy, designed to define surface anomalism and enable effective ranking of targets for follow-up bedrock drill testing. The drilling activity covered multiple targets considered prospective for orogenic gold and copper-gold mineralisation within the Stawell Gold Corridor and Dryden Belt. Reported results are from the final 251 holes for 8,755 metres within a combined program of 629 holes for 24,436m (214 /9971.3m in 2021, 415 holes /14,465m in 2022).

The AC drilling activity has defined several key bedrock target areas, including: Strong primary gold anomalism at Coxs Find, defined by surface float samples up to 430g/t Au; Open >160m wide gold zone at Frankfurt including 8m @ 0.79g/t Au from 27m to EOH, inc. 1m @ 4.94g/t Au, associated with a fertile multielement geochemical signature. Open >2000m long gold anomaly (>0.1g/t Au) at the Nine Mile Prospect, broadly coincident with the regionally prospective Moyston Fault and approximately 5km along strike from the historic Moyston Gold Mine (77koz at 22gpt Au); Open >800m long gold anomaly (>0.2g/t Au) at the Frying Pan Prospect; Broad gold anomalism in the Rutters Track district, defining multiple targets associated with the White Rabbit Diorite Azura Copper-Nickel Project: DRILLING COPPER-NICKEL TARGETS (AZURA PROJECT): The drilling program planned for the Azura Copper-Nickel Project comprises a nominal 6 diamond holes for 1,170m and has been designed to test priority EM and geochemical targets. Several contingency drill sites will also be prepared to allow for flexibility in the drilling schedule based on ongoing results.

Heritage clearance has been completed with additional environmental permitting requested by the regulator prior to the Company being permitted to commence drilling activity. Target areas include: Olympio Target (gold-copper): characterised by a discrete zone of conductivity (650m long at 100m depth) coincident with a concealed, likely structurally thickened portion of the Azura copper trend target stratigraphy. Azura East Target (copper): defined by a discrete conductive VTEM anomaly, partly concealed and along strike from the prospective Azura copper trend stratigraphy.

Azura North Target (copper): located within the prospective Azura copper trend, defined by an approximately 120m wide zone of anomalous copper at surface with rock chip samples up to 9.7% Cu. Russell's Gossan Target (copper): defined by a widespread zone of strong surface copper anomalism, including up to 29.9% in rock chips. Trem Jones Target (nickel-copper): area is considered prospective for magmatic nickel-copper mineralisation, characterised by a zone of conductivity (>1,000m long at 100m depth) along strike from nickel-copper occurrences within in a rock sequence which hosts the nearby Savannah Ni-Cu-Co Mine.

Aircore drilling assay results: Significant assay results are calculated as length weighted downhole grade (not true width), maximum assay interval is 3m. Significant assays are considered >20ppb Au, may include up to 2 assays of internal dilution if mineralisation is considered relevant.