28th Sep 2023 16:03
Bradda Head Lithium Ltd - North America-focused lithium development company - Provides an updated mineral resource estimate at its Basin project in the US state of Arizona. Says based on a further 2,355 metres of sonic drilling, the company has added 729,000 tonnes of lithium carbonate equivalent to the inferred mineral resource. The total new mineral resource now comprises 17.0 million tonnes in the indicated category and 210 million in the inferred category. Says the continued step out drilling success at the Basin East extension and at Basin North has increased its confidence in achieving its next milestone of 2.5 million tonnes of lithium carbonate equivalent. Chair Ian Stalker says: "The increase in LCE at Basin East Extension and into Basin North highlights the impressive potential that we have always believed is inherent at the Basin project.
"We have a compelling 12 months ahead with what we believe are a number of material catalysts, and we look forward to providing further updates in 2023, including our ongoing work at our San Domingo Pegmatite district, as well as in 2024 in what we believe is going to be another exciting year of resource growth for Bradda both at San Domingo and Basin."
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By Sabrina Penty, Alliance News reporter
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