Battery Minerals : RIU Resurgence Conference Presentation

Published: 2021-11-30 16:21:31 ET BAT.AX

DRILLING HOLES IN ELEPHANT COUNTRY

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RIU Resurgence Conference | Westin Hotel Perth | 1 December, 2021

Presentation

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Summary

1.

Corporate snapshot

2.

Tirupati Graphite

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agreement, Mozambique

3. Stavely-Stawell Copper

Gold Project, Victoria

4.

Russells Copper Project,

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Western Australia

5.

Next Steps

SHARE PRICE FOR THE LAST 12 MONTHS

CAPITAL STRUCTURE

Shares on Issue (ASX Code: BAT)

2,102M

Board and Management

~5% fully diluted

Share price (as at 24 November 2021)

1.5cps

Market Capitalisation (as at 24 November 2021)

$31.5 million

Cash at bank (as at 30 September 2021)

$3.1 million

Top 20 Shareholders

49.8%

Listed Options (ASX Code: BATO 10 cents exercise price, expire 23/7/23)

274.5 million

Option price (ASX Code BATO)

0.3 cps

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TIRUPATI GRAPHITE (TPG) - Transaction Summary

(Please also see ASX release dated 17th August 2021)

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1.

A$12.5M in cash and shares to Battery Minerals Limited (BAT)

a) A$1.5M cash and A$11M in TPG shares

b) A$5.5M TPG shares 8 months escrow from completion

c) A$5.5M TPG shares 20 months escrow from completion

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2.

BAT retains additional ~A$1.5M in Mozambique VAT refunds

3.

Completion now only subject to transfer approval by Mozambique Govt.

4.

BAT will be 2nd largest TPG shareholder outside founders

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5.

BAT will be exposed to a highly experienced, successful and focused graphite

producer with rapidly growing cashflow

6.

Shareholders approved transaction - 30th Sept 2021

At completion with TPG proceeds + current cash + Vic Govt grant at current share price, the enterprise value of BAT is only AUD$11-12M

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onlyMajor Australian Copper Deposits

1. https://www.ga.gov.au/data-pubs/data-and-publications-use search/publications/australian-minerals-resource-

assessment/copper

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LARGE LANDHOLDING

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PAST PRODUCTION

PROVEN STRUCTURES

PROSPECTIVE ROCKS

MAJOR SYSTEM

LIMITED EXPLORATION

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• Tenement Granted October 2020

• 721sqkm of under-explored tenure

• Last sustained exploration effort early 1990s

(Gold A$400/oz)

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• 40 km strike and 117sqkm of Mt Stavely

Volcanics

• 67 km strike Moyston Fault

• 343 sqkm of Stawell Gold Corridor

• Historic drilling ~1,000 holes average depth 36 metres, clustered and selectively sampled & analysed

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Disclaimer

Battery Minerals Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 21:20:01 UTC.