Balkan (ASX:BMM) stretch its lithium footprint

Balkan Mining and Minerals has moved just down the road from the aptly named 2Moz Jackpot lithium deposit, taking complete ownership of the 120 km2  Barbara Lake lithium project in Canada’s Ontario Province.

Balkan Managing Director Ross Cotton said the company was pleased to continue its expansion across a well-known spodumene-bearing pegmatite district at Georgia Lake.

“The project is of particular interest due to its proximity to previously mapped areas in the
1950s and 1960s where recently significant discoveries have been made,” he said.

“We now have a significant lithium portfolio covering 120 square kilometres across 4 projects in northwestern Ontario all of which are subject to exploration over the next 6 months.

“This complements our Corvette North and Northwest projects in Quebec, where we are currently planning our maiden exploration campaign.”

With a supportive regulatory environment and vast mineral resources, Canada has seen a flurry of new lithium exploration.

Australian experts are leading the way, with companies like Sayona Mining, Patriot Battery Metals, Burley Minerals and Balkan all striking exploration success in the distant, frozen ground.

Balkan will now begin mapping and soil sampling at Barbara as the Canadian summer emerges while laying the plans for an expansive exploration campaign across its entire Canadian portfolio.

The Project is located in the central portion of the Barbara Lake Area and encompasses the southwestern part of Georgia Lake. The Project is located approximately 37 km northeast of Nipigon and 150 km northeast of Thunder Bay, Ontario.

BAYAN FPO [BMM]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Bayan Mining and Minerals Limited, a mineral exploration company, engages in the exploration and development of lithium and borates in Canada and Serbia. The company holds 100% interest in the Gorge Lithium project consists of 12 claims covering 45.1 square kilometers; the Tango Lithium project consists of 41 contiguous claims covering 8.64 square kilometers within the Georgia Lake pegmatite field in Canada; the Arrel Lithium project consists of 6 claims covering 27.13 square kilometers in Canada; and the Barbara Project consists of 212 exploration claims covering 45 square kilometers, located in Ontario, Canada. It also holds 100% interest in the Corvette North and Corvette Northwest projects, covering approximately 22 square kilometers and located near the district of James Bay in Quebec, Canada. The company was formerly known as Balkan Mining and Minerals Limited and changed its name to Bayan Mining and Minerals Limited in December 2024. Bayan Mining and Minerals Limited was incorporated in 2020 and is based in Perth, Australia.

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