Bradda Head soars on higher lithium resource for Basin East project

Bradda Head Lithium

16/01/2023 11:39

** Shares of lithium exploration company Bradda Head Lithium
 BHL.L  up as much as 9.2% at 8.9p  
    ** Co announces a 22% surge to the lithium resource at its
Basin East project in Arizona  urn:newsml:reuters.com:*:nTUCQXS5W 
    ** Co adds that based on only 1,200 metres of majority
infill and some expansion drilling, BHL added 65,000 tonnes
lithium carbonate equivalent (LCE) to the resource, for an
updated total LCE content of 371,000 tonnes
    ** The 2022 drilling programme has given the company greater
confidence in the estimate at BE (Basin East) - BHL 
    ** Co also notes that indicated content of the mineral
resource estimate (MRE) at Basin East project has increased by
about 17% 
    ** Stock lost ~4% in 2022  
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))