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Drilling and tapping LiFePO4 battery terminal practicality?
(programming.dev)
For questions about component-level electronic circuits, tools and equipment.
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4: Be safe.
It can be done, but I would suggest doing it outside to be safe. Set the depth stop on your drill press so you can't go too deep.
You will need a normal tap to get started and a bottoming tap to finish threading the hole all the way to the bottom. 5mm is not a lot of thread to work with in soft aluminum. Those terminals are intended to have bus bars laser welded to them.