4th Aug 2021 19:31
Bradda Head Holdings Ltd - British Virgin Islands-based lithium explorer with assets in Nevada and Arizona - Gains permission from the Bureau of Land Management to drill ten holes on part of the Wikieup project in Arizona, US, and expects further permission to drill 20 holes.
Company has already started drilling at its Burro Creek East asset, which is expected to add further resources on Bradda's existing inferred mineral resource.
"We are delighted to have been granted permission to begin the drilling programme at the Wikieup Project, and we will shortly be lodging the reclamation bond," says Chief Executive Officer Charles FitzRoy. "This newly-approved drilling programme, added to the recent doubling of our landholding on the Burro Creek-Wikieup Lithium district, will give us the opportunity to increase the size of our resource base and add optionality, and factors like ease of road access mean that we can maximise time and cost-efficiency in progressing the drilling programme."
Current stock price: 7.80 pence, up 4.0%
Year-to-date change: up 35% since July 19
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Bradda Head Lithium