Categories: Energy
Topics: Lithium Stocks

Low-Priced Miner Advancing Lithium Projects on Multiple Continents

Global Battery Metals Ltd. (TSX-V: GBML)(OTC: REZZF) — currently trading undiscovered around C$0.10 per share — is advancing a portfolio of early-stage exploration projects focused on battery metals, primarily lithium, in tier-one mining jurisdictions in Ireland, Canada, and the United States. 

The company’s core assets are as follows:

• Leinster Lithium Project, Ireland: Phase-1 drilling underway; option to earn-in up to 90%
• La Poile Lithium Project, Newfoundland, Canada: Potential lithium-bearing dike identified; option to earn-in up to 100%
• Lithium King Project, Utah: Drill ready; 100% interest

Of the company’s three primary projects, the Leinster lithium property — located south of Dublin, Ireland, and spanning some 525 sq km — is the current flagship. 

The company is in the midst of a ~2,000 meter drill program at Leinster, which is currently permitted for 10 drill sites. The current focus is on the Knockeen Prospect, which has seen zero previous drilling.

The program is presently on Hole No. 5 with previously completed holes intersecting multiple dikes, revealing a structurally controlled LCT (Lithium-Cesium-Tantalum) pegmatite system, including the presence of spodumene pegmatite. 

Global Battery Metals CEO Michael Murphy — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the drilling progress via press release:

“We're taking the measured first step to confirm lithium mineralization in Phase 1 completed drill hole intersections with pending assays. Drilling activity, core sampling and subsequent lab analysis will continue for the full ten drill holes as we gain a better understanding for main target zones and depths with every new hole. We will continue to take a disciplined approach – investing in teams, drilling with confidence and securing the results that will allow us to properly assess the full economic potential of Leinster in all its entirety. While we're all excited by our first-mover status and the possibility of supporting district-scale expansion efforts, we're still just scratching the surface of what's possible at Leinster.”

With assays pending, the Global Battery Metals team reports visual analysis of core suggesting intervals of lithium mineralization among pegmatite intersections from all four recently completed holes at Leinster (Knockeen Prospect).

With visual indications of lithium mineralization in the drill core, it will be interesting to see what kind of numbers the assays produce. Drill core from the first four holes is currently at the lab being processed.  

For speculators, a couple of things to note are: 1.) the company’s shares are currently trading close to their 52-week low of around C$0.10, and 2.) GBML’s current market capitalization is below C$10 million.

That means any significant series of “drill-hits” confirmed through assaying could cause a near-term upward rerating in the GBML share price. 

Beyond the current drill program at the Knockeen Prospect, the company is gearing up for a detailed mapping and prospecting program in the Northern License Block of the Leinster property wherein a total of five lithium pegmatite occurrences have been identified.    

Fieldwork is also underway at the company’s 80 sq km La Poile lithium property in southwestern Newfoundland, Canada. Initial exploration from 2022 identified at least one occurrence of a potential pegmatite dike swarm. The GBML team will be following up on that target, among others, during the current program. 

And finally, in Utah, the company is advancing the 100%-owned Lithium King Property where the focus is on delineating the potential for lithium-bearing brines in the Soldura Salt Flat Basin. 

With multiple projects, in multiple continents, in the early exploration stage, it’s important to have a team that knows how to get things done effectively and efficiently for stakeholders. And Global Battery Metals has that in spades.  

The company is led by CEO, Michael Murphy, who previously founded Torex Gold — a billion-dollar-plus-market-cap gold producer. Director, Jean-Philippe Paiement is the ex-head-geologist for Nemaska Lithium. Director, Craig Roberts, is a mine engineer and current CEO of Newfound Gold. And director, Alan Matthews, a mine engineer in his own right, brings over 45 years of mining and exploration experience to the well-rounded team. 

Speculators can anticipate an uptick in news flow over the coming weeks and months as initial assays are released from the company’s ongoing drill program at the Leinster Lithium Project, Ireland. 

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Global Battery Metals CEO Michael Murphy to discuss the team, the property vetting process, the current project portfolio, the current drilling and much more. 

We hope you’ll enjoy the conversation! 

For more information on Vancouver-based Global Battery Metals, be sure to contact the company’s IR department at info@gbml.ca. Sign up to receive updates directly from the company at the Global Battery Metals corporate website.

Mike Fagan
Editor, Resource Stock Digest