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BATTERY MINERALS ASX Announcement • • • 27 October 2021 September 2021 Quarterly Activities Report HIGHLIGHTS Aircore drilling resumed , with 32 holes completed for 1,826 metres at the 100 per cent - owned Stavely - Stawell Project in Victoria . The program has generated promising initial assay results . A project - wide 200m line - spaced airborne Falcon gravity survey was flown over Stavely - Stawell . VTEM survey and field reconnaissance completed at the Russells Copper Project , East Kimberley region , WA Battery Minerals agreed to sell its Montepuez and Balama Graphite Projects to Tirupati Graphite . Battery Minerals will receive an aggregate consideration of $ 12.5 million in cash and shares in Tirupati Graphite . Cash on hand of $ 3.1M at 30 September 2021 Battery Minerals Limited ( ASX : BAT ) ( " Battery Minerals " or " the Company " ) is pleased to report on its activities during the September 2021 Quarter . The world is rapidly implementing a range of decarbonization strategies . These include industrial scale production of lithium - ion batteries , electric vehicles , solar power generation facilities and wind turbines to name just a few . Nations are also implementing other advanced technologies to efficiently distribute and utilize energy for the greatest benefit of mankind . Collectively this is resulting in a structural expansion in the demand is for various minerals and metals . Through the development of world - class graphite assets in Mozambique , combined with exploration success at Stavely Stawell in Victoria and the Russells Copper Project in the Kimberley of Western Australia , Battery Minerals is working to enable these future facing technologies and create significant value for shareholders . Exploration at the Stavely - Stawell Cu - Au Project : 15,000m aircore drilling programme As announced on 20 September 2021 , aircore drilling resumed initially at the Nine Mile Prospect at Stavely - Stawell , testing 1.3km of strike on the highly prospective , regional scale Moyston Fault . The Nine Mile Prospect was subject to limited drilling in the 1990's that has not been followed up . The aircore programme is part of an initial 15,000 metre programme targeting five prospects identified over accessible ground , including three orogenic gold and two porphyry copper - gold targets . During the Quarter , 32 holes were completed for 1,826 metres ( see Appendix 3 ) at the Nine Mile Prospect , located on the prospective Moyston Fault and approximately 5km along strike of the historical Moyston mine ( 77koz at 22gpt Au ) . Drilling has continued into the December 2021 Quarter , with assays pending . Subsequent to the end of the Quarter , the Company advised that as at 23 October 2021 , 56 aircore holes had been completed for 2,881m , with assay results received for the first 18 holes www.batteryminerals.com ABN 75 152 071 095