Battery Mineral boosts underground Punitaqui production

Executive Summary

• Battery Mineral Resources Corp. provided an operational update on its Punitaqui copper project in Chile, highlighting significant increases in production throughput and cash flow generation over the past six weeks.
• The company reported an 80% increase in daily production compared to the first half of 2025, with recent averages reaching 2,000 tonnes per day, and established a stockpile inventory of approximately 50,000 tonnes.
• Management outlined aggressive near-term and long-term production targets, aiming for 2,500–2,700 DMT per month by the end of 2025, with full-year targets of 15,000–16,000 DMT for 2025 and 28,000–30,000 DMT for 2026.

Key Details

• Production Volume: Since Sept. 1, 2025, the project averaged approximately 1,800 tonnes of production per day from underground operations, representing an 80% increase compared to the first half of 2025.
• Recent Performance: Over the last two weeks, average production reached approximately 2,000 tonnes per day.
• Inventory: Punitaqui currently holds approximately 50,000 tonnes of stockpiled inventory, described as a first for the business.
• Facility Capacity: The Los Mantos concentrate facility has a processing capacity of up to 3,500 tonnes per day.
• Sales Data (Sept. 1 – Oct. 14, 2025):
  • Total copper concentrate sold: 2,374 dry metric tonnes (DMT).
  • Average copper grade: 25%.
  • Contained copper: Approximately 1.8 million pounds.
  • Byproducts: Notable gold and silver credits with copper grades as high as 32%.
• Production Targets:
  • Near-term goal (End of 2025): 2,500 to 2,700 DMT of copper concentrates per month.
  • Full-year 2025 Target: 15,000 to 16,000 DMT.
  • Full-year 2026 Target: 28,000 to 30,000 DMT.
  • Note: Targets assume favorable operating and metallurgical conditions.
• Development Updates:
  • Developing a third underground operation at Cinabrio Norte to complement existing operations at Cinabrio and San Andres.
  • Progressing work on the fourth underground operation, Dalmacia.
• Environmental/Sustainability:
  • Received DIA (Declaracion de Impacto Ambiental) for the Punitaqui plant.
  • Advancing procurement and construction of a filtered tailing facility to reduce freshwater consumption and support future production.

Notable Quotes

• Laz Nikeas, CEO: "We are pleased to share an update on our growing copper production at Punitaqui. BMR's primary focus continues to be on maximizing concentrate throughput to generate cash flow. We are encouraged by the strong operating performance at Punitaqui over the past six weeks."
• Laz Nikeas, CEO: "Since Sept. 1, 2025, the project has averaged approximately 1,800 tonnes of production per day from the underground operations, an 80-per-cent increase compared to the first half of 2025. Over the last two weeks, we have achieved average production of approximately 2,000 tonnes per day."
• Laz Nikeas, CEO: "I want to thank the operating team in Chile for working through numerous challenges to deliver a clear positive shift in the Punitaqui asset performance. We look forward to providing shareholders with additional favourable operating updates in the near term."