Back on October 21, we first announced our bullish call on Surge Battery Metals Inc. (NILI.V) (NILIF) when it was $0.10. At the time it was based on samples within drill results that showed as high as 4500 ppm of lithium in 5 foot intervals. The stock stayed in the 10 cent range for a couple of weeks before rocketing up as high as $0.46 as the drill results started coming in and hype reached fever pitch. Global Battery Metals Ltd. (GBML.V)(REZZF) is in a very similar situation to NILI back a few months ago and we think that it has great potential to become the next big lithium runner after today's news of outstanding sample grades of lithium. Grades that are several times higher than NILI's and are closer to the type of grades seen from Patriot Battery Metals Inc. (PMET.V)(PMETF). GBML moved up 35% on the news but we think that this move was muted on a weak market day and expect swift upward movement on speculation due to its pending samples and drilling to take place in Q1. We are up to 1,012 followers on our ValueTrades blog despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 116 followers so far on here. You can also follow us on Twitter @StockTradePicks which has over 5,000 followers.
The news from today:
Highlights Include:
- Of the 66 total surface samples analyzed, assay results show that 47 returned grades above 1% Li2O - with grades as high as 3.75% and 3.63% (source: ALS Laboratories, Loughrea, Ireland)
- Knockeen and Carriglead Prospects are reported at:
- Knockeen: Out of a total of 56 samples, 41 samples graded above 1% Li2O, of which 20 graded above 2% Li2O and of which two graded above 3% Li2O (Sample AES 63003 (3.63% Li2O) and Sample AES 63033 (3.75% Li2O))
- Carriglead: out of a total of 10 samples, six samples graded above 1% Li2O, of which one sample analysed above 2% Li2O (Sample AES63504 (2.09% Li2O))
- The program of intensive prospecting has consolidated the extent of the spodumene pegmatite boulder train at surface and significantly enhanced the resolution of the dispersion zone
- The known extent of the boulder train is now over 1km in length from NE to SW, 0.5km from NW to SE and is still open in all directions at Knockeen
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the "Company" or "GBML"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces initial field exploration assay results (see Table 1) from its North-West Leinster Lithium Project (the "Property" or the "Project"), focused primarily on Prospecting Licence Area ("PLA") 1597 in Ireland.
Sampling Program Highlights
| Sample_ID | Program | Li_ppm | Li2O%* |
| AES63003 | Follow Up Sampling Dec 2022 | 17,410 | 3.75 |
| AES63033 | Follow Up Sampling Dec 2022 | 16,860 | 3.63 |
| AES63519 | Follow Up Sampling Dec 2022 | 13,160 | 2.83 |
| AES63015 | Follow Up Sampling Dec 2022 | 13,050 | 2.81 |
| AES63029 | Follow Up Sampling Dec 2022 | 12,920 | 2.78 |
| AES63042 | Follow Up Sampling Dec 2022 | 12,580 | 2.71 |
| AES63014 | Follow Up Sampling Dec 2022 | 12,200 | 2.63 |
| AES63021 | Follow Up Sampling Dec 2022 | 12,040 | 2.59 |
| AES63018 | Follow Up Sampling Dec 2022 | 11,980 | 2.58 |
| AES63011 | Follow Up Sampling Dec 2022 | 11,820 | 2.54 |
Table 1: Highlight results from the prospecting program (December 2022)
* Li2O % = Li ppm % (x 2.153)
A full list of comprehensive results can be found in Appendix 1.
"The high-grade assay results from our most recent surface sampling program are extremely encouraging and reassure our early diligence in the Project," said Michael Murphy, Chief Executive Officer of GBML. "The strong concentration of confirmed lithium-bearing pegmatites is helping the team target the source and plan a strong drilling campaign to test the limits of the Property. We look forward to receiving our overburden assay results."
Field Exploration Program Update
PLA 1597 forms part of the Company's Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Technology Minerals Plc, the first-listed UK company focused on creating a sustainable circular economy for battery metals, and its wholly owned subsidiary LRH Resources Limited ("LRH").
The current phase of detailed exploration work is centred on an area where a forty-year-old historical company report1 described a trench excavated at Knockeen Townlands on PLA 1597 (Figure 1) which, uncovered in bedrock, exposed a 1.8m wide spodumene-bearing pegmatite vein. However no detailed laboratory assays or geological maps of the trench were reported at that time. Historical prospecting around the trench also reported the occurrence of up to 10 large boulders of spodumene bearing pegmatite at surface.
The current exploration program carried out under LRH management by Aurum Exploration Services Limited included an initial reconnaissance visit in July 2022 totalling six samples. This was followed by a more detailed prospecting and lithogeochemical survey on two areas at Knockeen and Carriglead Townlands in December 2022 and totalling 66 samples (Figure 1 and Table 2).
| Prospect | Program | No |
| Carriglead | Recon Sampling July 2022 | 2 |
| Knockeen | Recon Sampling July 2022 | 4 |
| Prospect | DD Sampling July 2022 | No |
| Carriglead | Follow Up Sampling Dec 2022 | 10 |
| Knockeen | Follow Up Sampling Dec 2022 | 56 |
| Prospect | Program | No |
| Carriglead | Total | 12 |
| Knockeen | Total | 60 |
Table 2: Results from reconnaissance prospecting (July 2022 and December 2022)
Preliminary Reconnaissance July 2022
Two areas at Knockeen and Carriglead Townlands were targeted with an initial reconnaissance visit in July 2022, during which six samples - four at Knockeen and two at Carriglead - were collected. Analytical results confirmed the presence of the historically reported spodumene pegmatite boulder train and returned very significant grades of Li2O in all the samples. These results have been reported previously but are reproduced here for continuity (Table 3).
| Sample_ID | Program | Li_ppm | Li2O_%* | Prospect |
| 210724CL05 | Recon Sampling July 2022 | 13,700 | 2.95 | Knockeen |
| 210724CL03 | Recon Sampling July 2022 | 11,200 | 2.41 | Knockeen |
| 210724CL04 | Recon Sampling July 2022 | 11,000 | 2.37 | Knockeen |
| 210724CL02 | Recon Sampling July 2022 | 3,240 | 0.70 | Knockeen |
| AES61138 | Recon Sampling July 2022 | 7,470 | 1.61 | Carriglead |
| AES61137 | Recon Sampling July 2022 | 3,550 | 0.76 | Carriglead |
Table 3: Results from reconnaissance prospecting (July 2022)
* Li2O % = Li ppm % (x 2.153)
December 2022 Detailed Prospecting and Lithogeochemistry
In December 2022 an extensive prospecting and lithogeochemistry survey was completed covering the two areas identified during the reconnaissance program. A total of 56 samples were collected at Knockeen and 10 at Carriglead. The results were highly encouraging with coherent boulder trains of spodumene bearing lithium pegmatites mapped out across the prospects. The highlight sample results are shown in Table 1 and the full results are appended in Appendix 1 to this release in Tables and 4 and 5 with associated maps showing the locations in Figures 2 (Knockeen) and Figures 3 (Carriglead) below.
Figure 1: Location of the Knockeen and Carriglead target areas PL 1597 showing sample locations
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg
Figure 2: Location of samples and assay results from the Knockeen target area
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg
Figure 3: Location of samples and assay results from the Carriglead target area
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg
Photo 1: Spodumene pegmatite samples from Knockeen and Carriglead
To view an enhanced version of Photo 1, please visit:
https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg
Please see the Company's NW Leinster Project Overview for additional program details, in addition to the latest version of the Company's Investor Presentation available for download from the GBML website (www.gbml.ca).
Appendix 1: Analytical Results
| Sample_ID | Program | Li_ppm | Li2O%* | Prospect |
| AES63003 | Follow Up Sampling Dec 2022 | 17,410 | 3.75 | Knockeen |
| AES63033 | Follow Up Sampling Dec 2022 | 16,860 | 3.63 | Knockeen |
| AES63519 | Follow Up Sampling Dec 2022 | 13,160 | 2.83 | Knockeen |
| AES63015 | Follow Up Sampling Dec 2022 | 13,050 | 2.81 | Knockeen |
| AES63029 | Follow Up Sampling Dec 2022 | 12,920 | 2.78 | Knockeen |
| AES63042 | Follow Up Sampling Dec 2022 | 12,580 | 2.71 | Knockeen |
| AES63014 | Follow Up Sampling Dec 2022 | 12,200 | 2.63 | Knockeen |
| AES63021 | Follow Up Sampling Dec 2022 | 12,040 | 2.59 | Knockeen |
| AES63018 | Follow Up Sampling Dec 2022 | 11,980 | 2.58 | Knockeen |
| AES63011 | Follow Up Sampling Dec 2022 | 11,820 | 2.54 | Knockeen |
| AES63023 | Follow Up Sampling Dec 2022 | 11,620 | 2.50 | Knockeen |
| AES63028 | Follow Up Sampling Dec 2022 | 11,580 | 2.49 | Knockeen |
| AES63041 | Follow Up Sampling Dec 2022 | 11,570 | 2.49 | Knockeen |
| AES63037 | Follow Up Sampling Dec 2022 | 11,510 | 2.48 | Knockeen |
| AES63016 | Follow Up Sampling Dec 2022 | 11,460 | 2.47 | Knockeen |
| AES63044 | Follow Up Sampling Dec 2022 | 11,340 | 2.44 | Knockeen |
| AES63012 | Follow Up Sampling Dec 2022 | 11,180 | 2.41 | Knockeen |
| AES63008 | Follow Up Sampling Dec 2022 | 9,920 | 2.14 | Knockeen |
| AES63048 | Follow Up Sampling Dec 2022 | 9,520 | 2.05 | Knockeen |
| AES63043 | Follow Up Sampling Dec 2022 | 9,360 | 2.02 | Knockeen |
| AES63027 | Follow Up Sampling Dec 2022 | 8,820 | 1.90 | Knockeen |
| AES63046 | Follow Up Sampling Dec 2022 | 8,790 | 1.89 | Knockeen |
| AES63516 | Follow Up Sampling Dec 2022 | 8,370 | 1.80 | Knockeen |
| AES63036 | Follow Up Sampling Dec 2022 | 8,300 | 1.79 | Knockeen |
| AES63007 | Follow Up Sampling Dec 2022 | 8,090 | 1.74 | Knockeen |
| AES63026 | Follow Up Sampling Dec 2022 | 8,030 | 1.73 | Knockeen |
| AES63010 | Follow Up Sampling Dec 2022 | 7,890 | 1.70 | Knockeen |
| AES63517 | Follow Up Sampling Dec 2022 | 7,910 | 1.70 | Knockeen |
| AES63512 | Follow Up Sampling Dec 2022 | 7,840 | 1.69 | Knockeen |
| AES63017 | Follow Up Sampling Dec 2022 | 7,550 | 1.63 | Knockeen |
| AES63520 | Follow Up Sampling Dec 2022 | 7,370 | 1.59 | Knockeen |
| AES63049 | Follow Up Sampling Dec 2022 | 7,100 | 1.53 | Knockeen |
| AES63515 | Follow Up Sampling Dec 2022 | 7,040 | 1.52 | Knockeen |
| AES63024 | Follow Up Sampling Dec 2022 | 6,190 | 1.33 | Knockeen |
| AES63031 | Follow Up Sampling Dec 2022 | 6,140 | 1.32 | Knockeen |
| AES63013 | Follow Up Sampling Dec 2022 | 5,720 | 1.23 | Knockeen |
| AES63019 | Follow Up Sampling Dec 2022 | 5,420 | 1.17 | Knockeen |
| AES63030 | Follow Up Sampling Dec 2022 | 5,300 | 1.14 | Knockeen |
| AES63034 | Follow Up Sampling Dec 2022 | 4,960 | 1.07 | Knockeen |
| AES63039 | Follow Up Sampling Dec 2022 | 4,790 | 1.03 | Knockeen |
| AES63022 | Follow Up Sampling Dec 2022 | 4,710 | 1.01 | Knockeen |
| AES63514 | Follow Up Sampling Dec 2022 | 4,300 | 0.93 | Knockeen |
| AES63045 | Follow Up Sampling Dec 2022 | 4,290 | 0.92 | Knockeen |
| AES63025 | Follow Up Sampling Dec 2022 | 3,940 | 0.85 | Knockeen |
| AES63032 | Follow Up Sampling Dec 2022 | 3,550 | 0.76 | Knockeen |
| AES63035 | Follow Up Sampling Dec 2022 | 2,680 | 0.58 | Knockeen |
| AES63009 | Follow Up Sampling Dec 2022 | 1,920 | 0.41 | Knockeen |
| AES63047 | Follow Up Sampling Dec 2022 | 1,480 | 0.32 | Knockeen |
| AES63038 | Follow Up Sampling Dec 2022 | 450 | 0.10 | Knockeen |
| AES63001 | Follow Up Sampling Dec 2022 | 120 | 0.03 | Knockeen |
| AES63002 | Follow Up Sampling Dec 2022 | 120 | 0.03 | Knockeen |
| AES63004 | Follow Up Sampling Dec 2022 | 120 | 0.03 | Knockeen |
| AES63005 | Follow Up Sampling Dec 2022 | 130 | 0.03 | Knockeen |
| AES63513 | Follow Up Sampling Dec 2022 | 100 | 0.02 | Knockeen |
| AES63518 | Follow Up Sampling Dec 2022 | 80 | 0.02 | Knockeen |
| AES63006 | Follow Up Sampling Dec 2022 | 60 | 0.01 | Knockeen |
Lithium mining and exploration is well underway in South America, Nevada and Quebec, but looking for lithium in Ireland is a relatively new play. That's what could make GBML's North-West Leinster Lithium Property - and by extension its stock - so special. In an interview with GBML's CEO Michael Murphy, he reiterated that the company has 16 licenses covering 65,000 hectares and that the samples in today's news release were from one license. Drilling is expected to be completed by the end of the first quarter with assays pending on some of the other licenses.
Appendix 1 shows all 56 samples at Knockeen. Starting as high as 17,410 ppm, that's three times the best of NILI's initial sample results. NILI's highest grade so far has been around 5,000 ppm, which the bulk of the GBML's samples surpass. We are not at all trying to downplay NILI's results, which are significant and worth a market cap higher than its current market cap of $25 million. Instead, we are trying to say that GBML's market cap of $12 million represents an opportunity at least as lucrative as NILI's back when it was trading that low in October. What GBML needs to do next is prove depth through actual drilling, and the company is wasting no time in doing so.
The beautiful thing with NILI when analyzing GBML's potential is that we have a recent example of a lithium stock with a similar market cap, similar news and similar speculative potential on pending drill results to try to predict where GBML is headed. We expect the stock price to move up at least a double from here and likely more in the coming weeks in a similar fashion to NILI. It might take a few days of churning in the 15-20 cent range like NILI did around 10 cents. Or maybe GBML will move immediately since it has a smaller float of 68 million shares. The company did do a financing at $0.10 in September which recently came off of its hold period, but this recent $1.2 million raise also likely means there won't be any additional raises in the near future, unless the stock price is significantly higher.
While NILI is the near term comparable, these types of samples GBML are announcing are a lot more similar in nature to PMET. PMET is seeing these types of results over 100 meters, which is a far cry from samples. But the opportunity remains there. For a $12 million market cap, GBML is well worth the risk in our opinion. For perspective, PMET closed today at a $734 million market cap. GBML is 62 times cheaper than that.
Disclosure: We are long GBML.V
