Company
LON: BHL
Bradda Head Lithium is a new breed of lithium explorer with unique exposure across all three main recognised lithium deposit types; brine, hard rock (or pegmatite) and sedimentary (or clay). The company has projects in the USA and all projects are 100% owned, located in close proximity to infrastructure and end users.
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SP Angel . Morning View . Monday 11 04 22Credit growth picks up in China with more monetary stimulus expected amid Covid lockdownsCLICK FOR PDF MiFID II exempt information – see disclaimer below LON:JAY* – Disko-Nuussuaq drill programme to
It also plans to raise up to about £1.98mln via a placing in the UK
"That's an increase of 120,000 of LCE over a drilled area increase of 0.2sq km".
"We are now moving to the next phase of exploration at Eureka, to test the potential for a clay project as well as brine," said Bradda CEO Charles FitzRoy
Bradda Head has extensive lithium licences across the south-western United States
It opens up an opportunity to target higher grades and potentially define larger resources, the company highlighted
The lithium price remains strong, and Bradda Head looks well positioned to benefit
Bradda Head has a broad portfolio of lithium assets in the USA
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Kinovo 47p £29.2m (LON:KINO) The specialist property services Group that delivers compliance and sustainability solutions, announces that it has entered into an agreement to sell the Company's non-core construction division, DCB (Kent) Limi
Bradda Head is targeting extraction costs of less than US$4,000/t
Bradda Head has an extensive portfolio of lithium exploration assets
"The importance of this investment cannot be understated for Bradda Head and will allow us to develop our sedimentary claims," Charles FitzRoy, Bradda Head’s chief executive, said
Surface samples with grades of up to 1,750 parts per million lithium have been identified at Wikieup
It noted that demand for US-based lithium production is forecast to increase 7,000% by 2030 from the current level
The 2021 drilling programme at Burro Creek was completed on November 8
It expects an updated resource calculation due in the first quarter of 2022 to be significantly larger than the current JORC inferred estimate
The agreement is subject to satisfactory due diligence and a site visit from LRC
Drilling is expected to start in the fourth quarter
If a viable pegmatite is identified, the company could get into production relatively quickly
Bradda Head has received initial results from the ongoing geophysical programme being carried out at its Burro Creek and Wikieup assets in Arizona
Bradda's 100%-owned lithium assets are located in Arizona and Nevada
"This is a very exciting time for all of us at Bradda Head as we push forward in this lithium-hungry market space, particularly in the USA."
As part of a fast-track development of its sedimentary lithium assets, Bradda has also accelerated its permitting at Wikieup
Bradda Head has an extensive and highly prospective lithium portfolio in the USA
