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Battery Mineral Resources Limited aims to be a leading global supplier of battery minerals and metals for the renewable energy storage industry.

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Glossary of Terms

ABBREVIATION
or TERM
MEANING
3DThree dimensional
AbitibiA prolific mining district in Ontario and Quebec
AditHorizontal passage from the surface into an underground mine
AISCAll In Sustaining Costs
AlterationChange in mineralogical and chemical composition of a rock, generally produced by hydrothermal fuids or by weathering
AgChemical symbol for silver
ArcheanGeologic time period spanning 4.2 to 2.0 billion years
AssayTesting of rock or ore for metal contents 
AuChemical symbol for gold
BasaltA mafic (45-52% SiO2) volcanic rock
BasinA depression into which sediments are deposited
BiChemical symbol for bismuth
BMRBattery Mineral Resources Ltd
Breccia/brecciatedA coarse-grained rock consisting of angular broken rock fragments held together by a fine-grained matrix, distinct from conglomerate
CAD or C$Canadian Dollars
CAGRCompound Annual Growth Rate
CAPEXCapital Expenditure
Cgtotal carbon in graphite form
CIMCanadian Institute of Mining, Metallurgy and Petroleum (CIM) is the leading not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy industries
ClaimA claim or right to mineral or mining rights in a specified area
CoChemical symbol for Cobalt
Cobalt bloomTerm used to describe aggregates of the mineral erythrite
CobaltiteA cobalt sulphide mineral composed of cobalt, arsenic and sulphur (Co, Fe)AsS
Con.Concentrate
ConcentrateA powdery product containing higher concentrations of minerals resulting from initial processing of mined ore to remove some waste materials; a concentrate is a semi-finished product, which would still be subject to further processing, such as smelting, to effect recovery of metal
ConductorA conductive rock (often implied to be anomalously conductive)
CoreCylinder-shaped rock samples extracted from diamond drill holes
CRUCommodity Research Unit (metal market analysts group)
CSRCorporate Social Responsibility
CuChemical symbol for copper
DDHDiamond Drill Hole; drilling technique where by a a solid core is extracted from depth, for examination on the surface. The drill uses an industrial diamonds encrusted drill bit to drill through the rock. The drill produces a "core" which is photographed and split longitudinally. Half of the split core is assayed while the other half is permanently stored for future use and re-assaying if necessary
DepositA concentration of minerals or metals
Diabaseor dolerite or microgabbro is a mafic (45-52% SiO2) subvolcanic rock, equivalent in composition to volcanic basalt and plutonic gabbro. Diabase normally has a fine, but visible texture. Diabase is the preferred name in North America, yet dolerite is the preferred name in most of the rest of the world.
DipThe angle that a stratum or planar feature such as a fault makes with the horizontal, measured perpendicular to the strike and in the vertical plane
Disseminateddescriptive of mineral grains which are scattered throughout the host rock
Downhole surveyA survey designed to measure the direction and inclination of a drill hole
DRCDemocratic Republic of Congo
ErythriteA supergene cobalt mineral (Co3(AsO4)2·8H2O). Erythrite occurs as a secondary mineral in the oxide zone of Co–Ni–As bearing mineral deposits
ETWEstimated True Width
EV or PEVElectric Vehicle or Plug-in Electric Vehicle
ESTMAExtractive Sector Transparency Measures Act
Exploration TargetAn Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource
FSFeasibility Study
FCFFree Cash Flow
FYFinancial Year
GabbroA mafic plutonic rock chemically equivalent to basalt.  It forms when molten magma is trapped beneath the Earth's surface and slowly cools into a holocrystalline mass.
Geo.Geologist
Geochemical anomalyAn area having elevated levels of specified elements in rocks or soils, compared to its surrounding
Geochemical samplingSystematic collection of rock or soil samples in order to study their chemistry
Geochemical surveyA systematic study of the variation of chemical elements of rock or soils
Geophysical surveyA systematic study of the variation in physical properties of rock or soils
Giga or G109 or 1,000,000,000 or 1 billion
g/tgrams per tonne
GradeAverage quantity of ore or metal in a specified quantity of rock
GraniteA felsic (>69% SiO2) intrusive (plutonic) rock
Gravity surveyA survey that measures the gravitational field at specific locations, and is used to map density variations in rocks
GrindCrush, pulverize or reduce to powder by friction, expecially by rubbing between two hard surfaces
GWhGiga Watt hour, unit of energy
hahectare (1 ha = 0.01 km2)
HYHalf year
ICP-MsInductively coupled plasma mass spectrometer, an instrument used to measure element contents in rocks and soils
IFCInternational Finance Corporation
IIROCInvestment Industry Regulatory Organization of Canada
in siturock or mineralisation in place in the ground 
Indicated mineral resource (CIM)An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve. From: CIM Standing Committee on Reserve Definitions, 2014.
Indicated mineral resource (JORC)An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity, grade (or quality), densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes, and is sufficient to assume geological and grade (or quality) continuity between points of observation where data and samples are gathered. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Ore Reserve. From: The JORC Code, 2012.
Induced Polarisation or IPA surface electrival geophysical surveying method
Inferred mineral resource (CIM)An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. From: CIM Standing Committee on Reserve Definitions, 2014.
Indicated mineral resource (JORC)An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade (or quality) are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade (or quality) continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to an Ore Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. From: The JORC Code, 2012.
Intrusion (intrusive)A rock formed from solidification of melts below the surface
IRRInternal Rate of Return
ISOInternational Organization for Standardization
JORCJoint Ore Reserve Committee
JORC CodeAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. From: The JORC Code, 2012
Joint VentureAn agreement between two or more parties to jointly advance a project
JVJoint Venture
kthousand(s)
kgkilogram (1 kg = 1000 grams)
kmkilometer  (1km = 1000 meters)
km2square kilometer
KMPCKorean Mining Promotion Corporation
lbabbreviation for pound (1 t = 2,204.6226 lb)
LCELithium Carbonate Equivalent
LCOLithium Cobalt Oxide (type of Li-ion battery)
LIBLi-ion battery
LMOLithium Manganese Oxide (type of Li-ion battery)
LOMLife of mine
Lithology (ies)of a rock unit is a description of its physical characteristics such as colour, texture, grain size, or composition
MMillion(s)
MaficApplied to an igneous rock, that is rich in magnesium and iron. Most mafic minerals are dark in color, and common rock-forming mafic minerals include olivine, pyroxene, amphibole, and biotite. Common mafic rocks include basalt, diabase (dolerite) and gabbro. Their silicon dioxide content ranges 45-52%
Magnetic surveySurvey designed to map variations in the magnetic susceptibility of rocks
Magnetic susceptibilityThe susceptibility of a rock to become magnetized in the presence of a magnetic field; denoted by a unit-less proportionality constant in the international system of units.
Measured mineral resource (CIM)A Measured Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve. From: CIM Standing Committee on Reserve Definitions, 2014.
Measured mineral resource (JORC)A ‘Measured Mineral Resource’ is that part of a Mineral Resource for which quantity, grade (or quality), densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes, and is sufficient to confirm geological and grade (or quality) continuity between points of observation where data and samples are gathered. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proved Ore Reserve or under certain circumstances to a Probable Ore Reserve. From: the JORC Code, 2012.
MetallurgyPhysical and/or chemical separation of constituents of interest from a larger mass of material. Methods employed to prepare a final marketable product from material as mined. Examples include screening, flotation, magnetic separation, leaching, washing and roasting.
Meta- (prefix)Metamorphosed
MetamorphismAlteration of rock composition or structure by heat, pressure or some other agent without passing through a liquid phase
MillA facility for processing ore to extract valuable minerals
MineralA solid, inorganic, naturally occuring substance
Mineral resource (CIM)A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. From: CIM Standing Committee on Reserve Definitions, 2014. 
Mineral resource (JORC)A ‘Mineral Resource’ is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade (or quality), and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade (or quality), continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. From: The JORC Code, 2012. 
MineralizationThe process of depositing metals or minerals into a rock
Modifying Factors (CIM)Modifying Factors are considerations used to convert Mineral Resources to Mineral Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. From: CIM Standing Committee on Reserve Definitions, 2014
Modifying Factors (JORC)‘Modifying Factors’ are considerations used to convert Mineral Resources to Ore Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. From: The JORC Code, 2012.
mmeter
MtMillion tonnes
MtpaMillion tonnes per annum
NCANickel Cobalt Aluminium (type of Li-ion battery)
NiChemical symbol for nickel
  
NMCNickel Manganese Cobalt (type of Li-ion battery)
NI 43-101Canadian National Instrument 43-101
NPVNet Present Value
μmmicron or 10-6 meter
OCFOperating Cash Flow
OPOpen Pit
OPEXOperating Expenditure
Option (agreement)An option to acquire parts of, or all of, land or mineral rights on specified terms
OrogenicThe deformation processes of the earth’s crust resulting in the formation of chains and ranges of mountains
Ore ReserveAn ‘Ore Reserve’ is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified. The reference point at which Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported. From: The JORC Code, 2012.
OutcropRock exposed to view at the surface and physically connected to solid rock at depth
oztroy ounce (1 troy ounce = 31.103477 grams)
PEAPreliminary Economic Assessment
PFSPre-Feasibility Study
PGEPlatinum Group Elements, i.e. platinum (Pt), palladium (Pt), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru)
P. Eng.Professional Engineer
P. Geo.Professional Geologist
ppbparts per billion, 1000 ppb = 1 ppm
ppmparts per million, 1 ppm = 1 g/t, 10000 ppm = 1% 
Precious metalsinclude gold, silver and platinum group elements (PGE)
Probable Mineral ReserveA Probable Mineral Reserve is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve. From: CIM Standing Committee on Reserve Definitions, 2014.
Probable Ore ReserveA ‘Probable Ore Reserve’ is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Ore Reserve is lower than that applying to a Proved Ore Reserve. From: The JORC Code, 2012.
ProterozoicGeologic time period spanning 2.5 billion years (Ga) to 541 million years (Ma)
Proven Mineral ReserveA 'Proven Mineral Reserve' is the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors. From: CIM Standing Committee on Reserve Definitions, 2014.
Proved Ore ReserveA ‘Proved Ore Reserve’ is the economically mineable part of a Measured Mineral Resource. A Proved Ore Reserve implies a high degree of confidence in the Modifying Factors. From: The JORC Code, 2012.
PyriteCommon iron sulphide mineral (FeS2)
PyrrhotiteA magnetic iron sulphide (Fe1-xS, x = 0 to 0.2)
Q1First Quarter
QA/QCQuality assurance/quality control
QP or Qualified PersonThe Qualified Person(s) should be clearly satisfied that they could face their peers and demonstrate competence and relevant experience in the commodity, type of deposit and situation under consideration. If doubt exists, the person must either seek or obtain opinions from other colleagues or demonstrate that he or she has obtained assistance from experts in areas where he or she lacked the necessary expertise. Determination of what constitutes relevant experience can be a difficult area and common sense has to be exercised. For example, in estimating Mineral Resources for vein gold mineralization, experience in a high- nugget, vein-type mineralization such as tin, uranium etc. should be relevant whereas experience in massive base metal deposits may not be. As a second example, for a person to qualify as a Qualified Person in the estimation of Mineral Reserves for alluvial gold deposits, he or she would need to have relevant experience in the evaluation and extraction of such deposits. Experience with placer deposits containing minerals other than gold, may not necessarily provide appropriate relevant experience for gold. In addition to experience in the style of mineralization, a Qualified Person preparing or taking responsibility for Mineral Resource estimates must have sufficient experience in the sampling, assaying, or other property testing techniques that are relevant to the deposit under consideration in order to be aware of problems that could affect the reliability of the data. Some appreciation of extraction and processing techniques applicable to that deposit type might also be important. Estimation of Mineral Resources is often a team effort, for example, involving one person or team collecting the data and another person or team preparing the Mineral Resource estimate. Within this team, geologists usually occupy the pivotal role. Estimation of Mineral Reserves is almost always a team effort involving a number of technical disciplines, and within this team mining engineers have an important role. Documentation for a Mineral Resource and Mineral Reserve estimate must be compiled by, or under the supervision of, a Qualified Person(s), whether a geologist, mining engineer or member of another discipline. It is recommended that, where there is a clear division of responsibilities within a team, each Qualified Person should accept responsibility for his or her particular contribution. For example, one Qualified Person could accept responsibility for the collection of Mineral Resource data, another for the Mineral Reserve estimation process, another for the mining study, and the project leader could accept responsibility for the overall document. It is important that the Qualified Person accepting overall responsibility for a Mineral Resource and/or Mineral Reserve estimate and supporting documentation, which has been prepared in whole or in part by others, is satisfied that the other contributors are Qualified Persons with respect to the work for which they are taking responsibility and that such persons are provided adequate documentation. From: CIM Standing Committee on Reserve Definitions, 2014. 
Radiometric data (survey)A measurement of the presence of radioactive elements
RC drillingReverse Circulation driiling: a percussion drilling technique in which the cuttings are recovered up the inside of the drill rods to minimize contamination from the wall of the hole
RecoveryA measure of mining or processing efficiency, expressed as a percentage of material of initial interest that is extracted during mining and/or processing
Rock chip samplingObtaining a sample, generally for assay, by breaking chips off a rock face
ROMRun-of-mine, being material as mined before beneficiation
SEDARSEDAR is the “System for Electronic Document Analysis and Retrieval”, the electronic filing system for the disclosure documents of Canadian listed companies
SGSpecific gravity or density
ShaftA vertical excavation from the surface to provide access and mine ore underground
SillA flat-lying intrusion
SkarnA metamorphosed calcareous sediment into which silica and other elements, often including metals, have been introduced from an adjoining intrusive body
StandardsSamples known to contain a specific amount of metals, which are analysed at specific intervals during the assay process
StockworkA vein system consisting of a three dimensional network of planar to irregular veinlets 
StrikeTrend or direction of rock strata in a horizontal plane; to extend in that direction
SupergeneSaid of a mineral deposit or enrichment formed near the surface of the earth, commonly by low-temperature descending solutions.
SXSolvent extraction
t(metric) tonnes
TenementA title issued by governments for regulation of mineral exploration and mining
TGCTotal Graphitic Carbon
Time-domain EMA type of electromagnetic survey that measure the time decay of the electromagnetic field
tpatonnes per annum
tpdtonnes per day
TSXToronto Stock Exchange
USD or US$United States dollars
VMSVolcanic Massive Sulphide; a deposit composed mainly of sulphide minerals deposited on or near the seafloor
VolcanicA rock type sourced from a volcano; pertaining to the activities, structures or rock types of a volcano
VTEMVersatile time domain electromagnetic survey
XRFX-ray fluorescence
YEYear end
YTDYear to date