Battery Age Minerals (ASX:BM8) is facing an exploration hurdle at its Falcon Lake Project in Ontario, Canada, in the form of a letter from the Whitesand First Nation.
The company reports it received a letter from Whitesand noting: “Whitesand FN advises your company that it is terminating and reassessing its existing agreements with all companies and entities that have activities or potential mining, forestry or other industrial projects in the Whitesand FN Homelands.”
The company says while it currently does not have any formal agreement in place with Whitesand, exploration activities had been well-advanced in the negotiation of an Early Exploration Agreement.
The company maintains that despite the letter, Whitesand has expressed its desire to continue working collaboratively to finalise the exploration agreement.
The company maintains that despite the letter, Whitesand has expressed its desire to continue working collaboratively to finalise the exploration agreement
Battery Age Minerals says it anticipates the agreement will be finalised in the coming weeks.
The company says it is committed to continuing working with Whitesand First Nation throughout the exploration stages of the Falcon Lake Project.
Falcon Lake is a ‘highly’ prospective lithium exploration project, with historical drilling intercepts including 24.4m @ 1.48% Li2O from 10.9m.
Battery Age Minerals is a battery minerals explorer focused primarily on the Falcon Lake Lithium Project. The company also has interests in the Tidili Copper-Gold Project in Morocco and the Bleiberg Zinc-Lead-Germanium Project in Austria.
Images: Battery Age Minerals Ltd
