South Star Battery Metals Announces 2023 Positive Drilling Program Results for the BamaStar Graphite Project in Coosa County Alabama and NI43-101 Preliminary Economic Assessment Study Update

South Star Battery Metals Announces 2023 Positive Drilling Program Results for the BamaStar Graphite Project in Coosa County Alabama and NI43-101 Preliminary Economic Assessment Study Update

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that its 2023 drilling campaign has been completed on its BamaStar Graphite Project in Coosa County, Alabama. The program was designed to test continuity and limits of mineralization in support of the upcoming NI43-101 Preliminary Economic Assessment (PEA), scheduled for completion at the end of Q1 2024. 15 holes totaling approximately 1,900 meters were successfully completed, and all holes at BamaStar have intercepted significant intervals of graphite mineralization

During the drilling, several potentially promising zones were intersected as can be seen in the below photograph (Figure 1).

Figure 1: Hole CMD 23-022 Core with Graphite Mineralization with Approximately 3.5% Grade (Cg)

Initial notable assay results have confirmed the prospectivity of several significant intersections as seen in Table 1 below based on a 1% cutoff grade.

Hole ID

Hole Depth

From

To

Interval

Grade Cg

CMD23013

107.0m

0m

8m

8m

2.54%

CMD23014

125.0m

0m

23m

23m

2.17%

CMD23015

140.6m

9m

62.3m

53.3m

2.51%

CMD23016

95.0m

0m

60.9

60.9m

2.30%

CMD23016

N/A

70.8m

79m

8.1m

2.88%

CMD23017

128.0m

3.5m

36.5m

33m

3.07%

CMD23017

N/A

73.8

119.6m

45.8m

2.34%

CMD23018

95.0m

0m

63m

63m

2.42%

CMD23019

155.0m

88m

144.7

56.7m

2.77%

CMD23020

149.0m

3.5m

9,4m

5.9m

1.84%

CMD23020

N/A

70.2m

78.5m

8.3m

1.40%

CMD23021

74m

0m

34.7m

34.7m

2.39%

CMD23021

N/A

52.8m

67.7m

14.9m

2.40%

CMD23022

83m

0m

36m

36m

3.71%

CMD23022

N/A

44.03

75.5

31.5

1.92%

CMD23023

86m

0m

18.5m

18.5m

2.23%

CMD23023

N/A

24.0

35

11m

2.30%

CMD23024

173m

5m

14m

9m

3.34%

CMD23024

N/A

26.3m

64.5m

38.2m

2.25%

CMD23024

N/A

99.7m

152m

52.3m

1.61%

CMD23025

182m

0m

30.4m

30.4m

2.27%

CMD23025

N/A

35m

45.4m

10.4m

1.86%

CMD23025

N/A

144.5m

182m

37.5m

2.08%

CMD23026

146m

0m

20m

20m

2.78%

CMD23026

N/A

96.5m

146m

49.5m

1.54%

CMD23027

146m

2m

23.2m

21.2m

2.33%

CMD23027

N/A

44.6m

54.5m

9.9m

3.27%

CMD23027

N/A

75.5m

111.5m

36m

1.32%

Table 1: 2023 Campaign Significant Intersections in the fifteen holes (1885m) drilled at the BamaStar project.

Richard Pearce, CEO of South Star said, "Our 2023 drilling campaign was extremely successful, and every hole has significant intervals with graphite mineralization. We tested controls and limits at depth, across the ore body, as well as along strike. We discovered a significant deeper mineralized package below what we had previously drilled, and there are several holes that ended in mineralization. We are open at depth and in both directions along strike. These results will be incorporated into an updated resource definition as part of our upcoming PEA scheduled for March 2024, and this deliverable should complete our 75% earn-in requirements on the properties. We are also on schedule to complete our Feasibility Study for Santa Cruz Mine incorporating Phase 3 (50,000 tpa of concentrates) by end of 2024. Our goals are to have two mines producing a total of 100,000 tpa of concentrates, and 60,000-70,000 tpa of vertically integrated graphite production including active anode materials and other critical graphite products in the US in 2027."

About South Star Battery Metals Corp

South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (> 30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg. With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the 12-month construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996 with Phase 1 commercial production projected in Q4 2023. Phase 2 production (25,000 tpa) is partially funded and planned for 2026, while Phase 3 (50,000 tpa) is scheduled for 2028.

South Star's second project in the development pipeline is strategically located in Alabama in the center of a developing electric vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project is a historic mine active during World Wars I & II. A NI43-101 technical report with the maiden resource estimate has been filed on SEDAR. Trenching, phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed. The testing indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94-97% Cg with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

MR. RICHARD PEARCE
Chief Executive Officer

For additional information, please contact:

South Star Investor Relations
Email: invest@southstarbatterymetals.com
+1 (604) 706-0212

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals - YouTube

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding, moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

SOURCE: South Star Battery Metals Corp.



View source version on accesswire.com:
https://www.accesswire.com/800948/south-star-battery-metals-announces-2023-positive-drilling-program-results-for-the-bamastar-graphite-project-in-coosa-county-alabama-and-ni43-101-preliminary-economic-assessment-study-update

News Provided by ACCESSWIRE via QuoteMedia

STS:CA
The Conversation (0)
South Star Announces Additional Sales of Natural Flake Graphite Concentrate to U.S. Customer

South Star Announces Additional Sales of Natural Flake Graphite Concentrate to U.S. Customer

Advancing the First New Natural-Flake Graphite Mine in the Americas this Century

South Star Battery Metals CORP. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce that, further to the Company's May 6, 2024 announcement ("South Star Battery Metals Announces the First Sale of Natural Flake Graphite Concentrate from its Santa Cruz Graphite Mine in Brazil") and its August 1, 2024 announcement ("South Star Announces Successful Product Qualification and 100-Tonne Sale of Natural Flake Graphite Concentrate to U.S. Customer"), South Star has executed another binding commercial sales agreement (the "Agreement") for an initial 40 tonnes (more than 88,000 pounds) of natural-flake graphite concentrate from the Company's flagship Santa Cruz Graphite Mine("Santa Cruz"), located in northeastern Brazil's Bahia state. This most recent sales Agreement was formally executed with a prominent American industrial graphite customer (the "U.S. Client

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
South Star Announces Successful Product Qualification and 100-Tonne Sale of Natural Flake Graphite Concentrate to U.S. Customer

South Star Announces Successful Product Qualification and 100-Tonne Sale of Natural Flake Graphite Concentrate to U.S. Customer

South Star advancing the first new natural-flake graphite mine in the Americas this century.

South Star Battery Metals CORP. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce that further to the Company's May 6, 2024 announcement ("South Star Battery Metals Announces the First Sale of Natural Flake Graphite Concentrate from its Santa Cruz Graphite Mine in Brazil"), South Star has executed another binding commercial sales agreement (the "Agreement") for the initial purchase of 100 tonnes (more than 220,000 pounds) of graphite concentrate from the Company's flagship Santa Cruz Graphite Mine ("Santa Cruz"), located in northeastern Brazil's Bahia state

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
South Star Announces Substantial Completion and Commissioning of the Santa Cruz Phase 1 Graphite Mine in Brazil

South Star Announces Substantial Completion and Commissioning of the Santa Cruz Phase 1 Graphite Mine in Brazil

Highlights

  • Mine prestrip, preliminary dump foundations and ramps are complete, and approximately 50,000 tonnes of ore is being placed on the ore pad by end of August for commissioning and initial operations.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Successful Metallurgical Results for its BamaStar Graphite Project in Alabama, USA

South Star Battery Metals Announces Successful Metallurgical Results for its BamaStar Graphite Project in Alabama, USA

Highlights:

  • Metallurgical work completed on representative oxide, transition and fresh rock composite samples ranging in grade from 2.36% Cg for fresh rock to 3.04% Cg for oxide samples.
  • Bond abrasion and work index testing show low to medium abrasion and low energy requirements.
  • Open circuit flotation tests resulted in excellent concentrates grade ranging from 94.4% Cg for fresh rock materials to 99.5% Cg for oxide samples with a simple flowsheet that maximizes graphite recovery and minimizes flake degradation.
  • The open circuit graphite recoveries were high, ranging between 87.5% and 91.5%.
  • Given the superior response of the oxide and transitional material, the next phase of work will investigate mining pit design to maximize processing of oxide and transitional material early in the project life and postpone mining of the fresh ore in order to decrease initial CAPEX, lower OPEX and target improved project economics.
  • The NI43-101 Preliminary Economic Assessment results for BamaStar are scheduled for release in August 2024.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce successful results from the ongoing metallurgical process development program for the Bama Star graphite project in Alabama, USA

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil

South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil

Santa Cruz Graphite Mine Highlights:

  • Final payment of land purchase for Phase 1 Plant and Operations.
  • Approval of the Definitive Mining Licenses For Phases 1, 2 & 3. All mining and environmental licenses/permits are approved and in-hand for the future phased, modular expansion of Santa Cruz graphite production up to 50,000 tonnes/year.
  • Phase 1 construction is on schedule for substantial completion by the end of June 2024 followed by a 6-week plant commissioning and ramp-up period. Commercial sales are planned to start in September 2024. Name plate production capacity is expected to be reached in Q4 2024.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce the final payment of the previously announced (Aug. 02, 2022) land purchase required for construction of the Phase 1 mine and plant facilities. The farm totals approximately 325 hectares and is where all the plant facilities, mine and infrastructure installations are required for the first three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary - Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: "A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels." Active companies in the markets this week include: Saga Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

--Well-Positioned for the Critical Minerals Supercycle--

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. ("Alphabridge"), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") is pleased to report results from Phase 1 of the 2025 Exploration Program being completed on the Tetepisca Flake Graphite Property located in the North Shore region of Quebec. Highlights of results include:

  • Several high grade (> 10% Cg) samples including a high grade sample of 26.4% Cg from a target area on the northern part of the property which was discvered in 2024.
  • Several high grade (> 10% Cg) samples including a high grade sample of 68.7% Cg from Graphi-Centre, the Company's highest priority target on the Tetepisca Property.
  • Discovery of a new flake graphite showing which includes a high grade grab sample of 54.7% Cg located on a long conductive linear trend on the southwestern part of the property.

James Cross, President and CEO of E-Power commented: "Phase 1 of our 2025 Exploration Program further demonstrates the from-surface, high grade resource potential of several flake graphite targets on the property. Metallurgical testwork, detailed mineralogy, and continued geological evaluation will result in characterization of the potential deposits and prioritization for advanced evaluation and delineation. By characterizing the different resource delineation targets, we expect to be able to attract users of graphite, and companies who want to secure that link in the supply chain; those who need politically-reliable graphite sources. Those users and traders have the capital to turn it quickly into a resource, and ultimately, a secure source of easily accessible graphite."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  Bearer Bond Funds Received

Altech Batteries Ltd Bearer Bond Funds Received

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company's Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a 'non-lending foreign entity' and advised that accordingly it was not comfortable in registering the land security.

The Company's wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company's wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company's Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company's wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×