Technology Minerals (TM1) , a UK-based company that recycles, recovers, and reuses battery technologies, has provided an update regarding the completion of a structural remote sensing study of Knockeen Dike Swarm and Leinster Lithium Project Area, with 25 new exploration targets identified by a structural geology expert.
This study will help guide additional near-term vein identification and drilling efforts, while supporting further project-wide lithium exploration and target generation.
Technology Minerals said drilling at the Lithium-Cesium-Tantalum pegmatite dike swarm in the Knockeen Prospect is progressing as planned, with drill holes 1-8 completed at a total depth of 1,597m, and results pending. Meanwhile, drill hole 9 is in progress.
A comprehensive regional structural synthesis for the entire Leinster pegmatite belt, with a particular focus on the northern and southern license blocks, has been finalised. This study has successfully identified the structural controls and spatial location of the significant East Carlow Deformation Zone and its associated splay structures, which intersect critical sections of both northern and southern license blocks.
The precise definition of key structural corridors across the five primary target areas - Aghavannagh, Scurlocks, Sorrell, Knocknaboley, and Tonygarrow - has reaffirmed their genetic connection with the mineralisation found so far. Moreover, it has extended these corridors, offering potential for further exploration opportunities.
Additionally, a substantial NE-SW trending regional splay of the ECDZ, known as the North Wexford Deformation Zone (NWDZ), which has historical references in the area, has been verified and delineated across portions of PLA 1597.
In total, the study has identified 25 distinct follow-up structural targets, including 4 on Knockeen PLA 1597, and 21 new targets on the northern license block. These findings are based on comprehensive geological, structural, geophysical, and geochemical studies. These areas will be given priority in the upcoming months for exploration.
Alex Stanbury, CEO of Technology Minerals said: "We are pleased to report promising outcomes from our collaborative Leinster exploration project with GBML. The insights acquired through this study will help to advance the project and increase our understanding of the full lithium potential at the site, while also shedding light on additional exploration opportunities within the region."
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Today's announcement from Technology Minerals confirms the potential of the Leinster lithium district, enabling a deeper grasp of the broader project area while highlighting immediate areas of interest.
Technology Minerals aims to create a circular economy for battery metals by extracting essential materials for Li-ion battery cathodes and recycling spent Li-ion batteries for reuse. Its focus includes cobalt, lithium, nickel, and manganese, with an emphasis on securing the entire supply chain, from discovery to end-of-life use, to meet the growing demand in the UK and global battery markets.
Technology Minerals is well placed given increasing global demand for battery metals to supply electrification. Li-ion batteries are forecast to grow at an annual compound rate of approximately 30%. By 2030, demand for lithium-ion batteries, driven by electric vehicles, energy storage systems, e-bikes, electrified tools, and other battery-intensive applications, could reach 4,000 to 4,500 gigawatt-hours.
TM1 shares jumped 12% on today's news.
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