16
December 2024
Bradda Head Lithium
Ltd
("Bradda
Head" or the "Company")
San Domingo Pegmatite Project Drill Permit and
Met work update
Bradda Head Lithium
Ltd (AIM:BHL), the North America-focused lithium
development group, is pleased to announce a Notice of Intent
("NOI") drilling permit was approved for the Dragon Target at the
San Domingo Project. An additional NOI at San Domingo North
was submitted to the Bureau of Land Management ("BLM"), proposing
new drill holes at Ruby Soho and Midnight Owl. Metallurgical work
specifically targeting artificial intelligence driven mineral
sorting has also commenced on high-grade composite core samples
from the Jumbo Target, with results anticipated in Q1 of
2025.
Ian
Stalker, Executive Chair, commented:
"The Company is
excited to embark on the next phase of exploration drilling at San
Domingo in H1 of 2025 and is appreciative of the BLM's quick NOI
permit approval on the Dragon target. Bradda has developed an
excellent relationship with the BLM in Arizona, as evidenced by
this 6th NOI or amendment approved in the span of just
four years. They are an exceptional team at the Hassayampa BLM
District office and it is a pleasure working with them. As the
Company's geologic team continue to develop new targets, such as
Ruby Soho, it is imperative the team works closely with the BLM
whilst continuously advancing exploration on the project within the
regulations to progress critical metals essential for the
energy transition.
Initiation of the
metallurgical work is also exciting as we look to further unlock
the potential at San Domingo by incorporating AI technology on
high-grade spodumene mineralized core from the Jumbo Target. This
work is designed to identify optimal ore sorting mechanisms through
mineral identification during crushing followed by separation of
minerals deemed to be sub-ore in grade. Overall, this process is
particularly promising for our understanding of the asset and a
catalyst for its development.
Several drill bids
have been received and more are being solicited from a targeted
group of specialized drilling companies. Our objective is to
identify smaller reverse circulation equipment that can fit into
tighter and smaller drill sites whilst reducing drill pad size and
yet drill to the required depths, advantageous for speed and
cost-effectiveness.
We are confident we
can find the ideal partner and look forward to progressing the
metallurgical work in parallel to the exploration drilling at San
Domingo, and will provide updates in due course.
Dragon
Target
A new NOI permit on the Dragon target at San
Domingo was approved by the BLM, allowing up to 37 drill sites and
ancillary roads to be built, pending submission of a reclamation
bond. The permit allows San Domingo LLC, a wholly owned subsidiary
of Bradda Head Lithium Ltd, permission to build and occupy up to 37
drill platforms from where the Company can drill multiple holes.
The drill holes will target high grade and outcropping spodumene
with samples carrying up to 0.97% Li2O plus 174 ppm
cesium (Cs) over 8.80m from channel samples (See 3 September, 2024
PR) and individual rock chip samples of 7.99% Li2O (See
3 September, 2024 PR). The Dragon South and North targets have
never been drill-tested and contain excellent opportunity to build
upon prior drilling campaigns and potentially add resources. The
Company is in the process of posting reclamation bonding for final
approval to proceed.
Ruby Soho and
Midnight Owl Target
A H1 2025 drill program is in the planning
stages with drill holes not only at Dragon, with several holes also
at Ruby Soho, Midnight Owl, White Ridge, Jumbo, and Morning Star. A
new NOI was submitted to the BLM for low-impact exploration at
Midnight Owl and Ruby Soho was submitted and is pending approval by
the BLM. This new NOI contains proposals for 35 drill sites that
will target the newly identified Ruby Soho target, new shallow
targets at Midnight Owl, and high-grade mineralization from the
Thunder target which was not tested earlier in this year's drill
program. The Ruby Soho target, as described in the 26 November,
2024 PR, contains surface samples with up to 3.57% Li2O
on a 330-meter-long pegmatite. The Company plans on drilling along
the strike length of the pegmatite with 11 proposed drill
sites.
The Company conducted a structural review of
the surface and drill hole geology at Midnight Owl, recognizing
shallow and undrilled lithium-rich targets that could develop into
easily extractable spodumene mineralization. The holes will test
mineralization such as 8.40m at 1.17% Li2O with 623 ppm
Cs from channel sampling, as described in the 1 October, 2024 PR. A
total of 16 new sites are proposed and will test for shallow
mineralization and are part of the recently submitted
permit.
Jumbo / White
Ridge
A new NOI permit at the Jumbo and White Ridge
targets is in preparation and will be submitted once the final
details have been compiled. The Company is planning between 10 and
12 drill sites between the two targets. Proposed drill sites at
White Ridge will target high grade lithium mineralization
identified in channel samples within an open cut mine. Sample
results include 5.00 meters at 2.33% Li2O, 4.10 meters
at 2.81% Li2O, and 5.30m @ 1.25% Li2O. See PR
8 April, 2024 for detailed results.
Metallurgical
Testing
Our consulting group, ABH Engineering, has sent
a set of 50 individual ½-inch drill hole core samples to Tomra for
X-Ray Transmittance scanning, using their sorting sensor technology
at their facility in Germany. This analysis should provide
information on particle ore sorting in anticipation of next years
mineral resource preparation to illuminate spodumene ore
processing.
Drilling
Drill contractor bids have been solicited from
several companies with other additional bids still pending. The
program is targeting approximately 10,000 feet or 3,000 meters and
upwards of 70 shallow reverse circulation holes. A reverse
circulation drill program should produce faster results and
projected to cost half of a typical diamond core drilling
program.
Qualified Person (Bradda Head)
Joey
Wilkins, B.Sc., P.Geo., is Chief Operating
Officer at Bradda Head and the Qualified Person who reviewed
and approved the technical disclosures in this news
release. Mr Wilkins is a graduate of the University
of Arizona with a B.Sc. in Geology with more than 38
years of experience in mineral exploration and is a qualified
person under the AIM Rules and a Qualified Person as defined under
NI-43-101. Mr Wilkins consents to the inclusion of the
technical information in this release and context in which it
appears.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH
PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE
INFORMATION.
For further information please visit
the Company's website: www.braddaheadltd.com.
ENDS
Contact:
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Bradda Head Lithium Limited
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+44
(0) 1624 639 396
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Ian
Stalker, Executive Chair
Denham Eke, Finance Director
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Beaumont Cornish (Nomad)
James Biddle / Roland Cornish
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+44
20 7628 3396
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Panmure Liberum (Joint Broker)
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+44
20 7886 2500
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Kieron Hodgson / Rauf Munir
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Shard Capital (Joint Broker)
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+44
207 186 9927
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Damon Heath / Isabella Pierre
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Tavistock (PR)
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+
44 20 7920 3150
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Nick Elwes / Josephine Clerkin
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braddahead@tavistock.co.uk
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About Bradda Head Lithium Ltd.
Bradda Head Lithium Ltd. is
a North America-focused lithium development group. The Company
currently has interests in a variety of projects, the most advanced
of which are in Central and Western Arizona: The Basin
Project (Basin East Project, and the Basin West Project)
and the Wikieup Project.
The Basin East Project has a
Measured Mineral Resource of 20 Mt at an average grade of
929 ppm Li for a total of 99 kt LCE and an Indicated
Mineral Resource of 122 Mt at an average grade of
860 ppm Li and an Inferred Mineral Resource of 499 Mt at
an average grade of 810 ppm Li for a total of
2.81 Mt LCE. The Group intends to continue to develop its
three phase one projects in Arizona, whilst endeavouring to
unlock value at its other prospective pegmatite and brine assets
in Arizona, Nevada, and Pennsylvania. All of Bradda
Head's licences are held on a 100% equity basis and are in close
proximity to the required infrastructure. Bradda Head is
quoted on the AIM of the London Stock Exchange with the
ticker of BHL.
Technical Glossary
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Kt
|
Thousand tonnes
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%
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Percent
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Ppm
|
Parts per million
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Exploration
Target
|
An 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.
|
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Inferred Mineral
Resource
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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 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.
|
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Indicated Mineral
Resource
|
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.
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Sn
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Tin
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Li2O %
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Lithium Oxide
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Cs
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Cesium
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Ta
|
Tantalum
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Ta2O5
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Tantalum pentoxide
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K
|
Potassium
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Rb
|
Rubidium
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Forward-Looking Statements
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.