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BATTERY MINERALS ASX Announcement 30 July 2021 June 2021 Quarterly Activities Report HIGHLIGHTS • 80 holes completed for 3,526 metres at the 100 per cent - owned Stavely - Stawell Project in Victoria . Battery Minerals was awarded a $ 500,000 TARGET grant from the Victorian Government . Battery Minerals acquires the highly prospective Russell Copper Project , located in East Kimberly region , WA . Montepuez Graphite Project Pilot Plant Study commenced during the June 2021 Quarter Cash on hand of $ 4.6M at 30 June 2021 Battery Minerals Limited ( ASX : BAT ) ( " Battery Minerals " or " the Company " ) is pleased to report on the strong progress it made on several fronts in the June 2021 Quarter . One of the key achievements included completion of 3,526 metres of Aircore drilling at the Frying Pan prospect , located on the Company's Stavely - Stawell Copper - Gold Project in Victoria . The process from targeting , land access , securing a rig and contractors took a total of four months , which is a testament to community and stakeholder support for the Company . During June 2021 Quarter , the Company and the Victorian State Government signed a Grant Agreement for the $ 500,000 TARGET grant to contribute to support exploration activities expenditure over the 28 months ending 30 September 2023 . Acquisition of Russell Copper Project During June 2021 Quarter , Battery Minerals acquired the Russell Copper Project in the Halls Creek tectonic zone , East Kimberly region of WA from a syndicate of majority owned Indigenous Kimberly residents with a supporting heritage agreement in place . Under the Sale Agreement , Battery Minerals paid $ 100,000 in cash and issued $ 1 million worth of ordinary shares . Battery Minerals is required to make subsequent payments of a further $ 1.5 million in aggregate in cash and shares after 12 months and after all the tenements have been granted and transferred to the Company . If these payments are not made , project ownership will revert to the vendor . The combined tenement package comprises 258km² of highly prospective geology . Historical exploration has mapped a copper - bearing trend over 8km . Recent surface rock chip samples have returned grades up to 29.9 % copper with silver assays up to 36ppm . Pilot plant study on Montepuez Graphite Project During the June 2021 Quarter , the Company commenced a pilot plant study on its Montepuez Graphite Project . This involved progressing its strategy to access a US - based , African - focused grant for a scalable pilot plant that could feed a similar - scale downstream processing facility operated by Urbix Resources in Arizona . www.batteryminerals.com ABN 75 152 071 095