Bradda Head's Focus on Resource Base Enhancement Noted After Securing Funding

2 min read | October 01, 2024 08:16 PM AEST | By Team Kalkine Media

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Highlights

Exceptional Lithium Indications: Bradda Head Lithium reports significant lithium grades at its San Domingo prospect in Arizona, enhancing its exploration potential.
New Discoveries: The company identified a new target, Ruby Soho, during a follow-up on soil samples, indicating ongoing exploration success.
Resource Development: Upcoming drilling programs are expected to yield sufficient data to develop a 43-101 compliant resource across multiple pegmatite bodies.

Bradda Head Lithium Ltd {OTC:BHLIF} is establishing itself as a notable player in the lithium exploration sector, with unique exposure to all three main recognized lithium deposit types: brine, hard rock (pegmatite), and sedimentary (clay). The company is fully invested in its projects, all of which are 100% owned and strategically located near infrastructure and end users in the USA.

As of October 1, 2024, Bradda Head reported exceptional lithium indications at its San Domingo prospect in Arizona, following a successful channel sampling program. Notably, the Midnight Owl target revealed an intercept of 8.40 meters containing 1.17% Lithium Oxide (Li2O), along with 623 ppm of Caesium (Cs) and 625 ppm of Tantalum Pentoxide (Ta2O5). Additionally, a new target named Ruby Soho was discovered, further underscoring the prospect's potential.

This follows earlier promising results from the Dragon target, where channel samples indicated significant lithium presence, with grades of 0.97% Li2O over 8.8 meters and 0.68% Li2O over 10.40 meters. These findings contribute to Bradda's aggressive exploration strategy, which recently achieved a milestone payment for securing a 2.5 million tonne resource at the Basin project in Arizona.

Chairman Ian Stalker emphasized the importance of the upcoming drilling program, which is expected to provide sufficient data to develop a 43-101 compliant resource across several pegmatite bodies. With consistent mineralization findings and a strategic focus on expanding its resource base, Bradda Head Lithium is well-positioned to capitalize on the growing demand for lithium in the market.

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