REG - Bradda Head Lithium - Directorate Changes

Bradda Head LithiumAnnouncement

29/08/2023 16:15

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RNS Number : 7060K  Bradda Head Lithium Ltd  29 August 2023

29 August 2023

Bradda Head Lithium Ltd.

("Bradda Head", "Bradda", or the "Company")

Directorate Changes

 

Bradda Head Lithium Limited (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF), the North
America-focused lithium development company, today announces that it has
agreed with Charles FitzRoy that he will stand down from his role as Chief
Executive Officer and Board Director, with immediate effect.

Mr FitzRoy will retain his share options outlined in the AIM announcements
dated 6 April 2023.

The Chairman of the Board, Mr Ian Stalker, will assume the interim role of
Executive Chairman. A search for a new CEO will begin immediately.

Mr Stalker, Interim Executive Chairman, commented: "I'd like to thank Charles
for his input and commitment over the last 30 months, most notably in listing
the Company in Summer 2021 where £6.2 million was raised, securing a royalty
partnership later that same year, and in raising approximately £10 million of
fresh equity-capital in Spring of 2022.  On behalf of the Board, I wish
Charles the best for the future. The Board is focused on operations and
delivering results on the ground in America and will look to appoint an
appropriate successor in the near future."

Charles FitzRoy, commented: " I am moving on from Bradda Head after two and
half years where the Company has gone from private to listed on three
exchanges in the UK, US, and Canada. Raised US$24 million for progressing
Bradda's US projects, and a further US$8 million was secured via a royalty.
The assets have grown in both size of landholding, knowledge of the geology
and also in-the-ground resources. The last two and half years have been a very
rewarding experience working closely with all members of Bradda, especially
the US on the ground team and I am proud of what we have achieved. I have
enjoyed my time immensely moving our assets forwards, building relationships
within Arizona for the long-term, and growing the Company. BHL has some
fantastic projects which strategically have little rival. The Company is
extremely well positioned in the US for future success. I look forward to
cheering from the side-lines."

For further information please visit the Company's website:
www.braddaheadltd.com (http://www.braddaheadltd.com)

Contact:

 Bradda Head Lithium Limited        +44 (0) 1624 639 396
 Ian Stalker, Executive Chairman

 Denham Eke, Finance Director

 Beaumont Cornish (Nomad)           +44 20 7220 1666

 James Biddle/Roland Cornish

 Panmure Gordon (Joint Broker)      +44 20 7886 2500
 John Prior

 Hugh Rich

 Shard Capital (Joint Broker)       +44 207 186 9927
 Damon Heath

 Isabella Pierre

 Red Cloud (North American Broker)  +1 416 803 3562
 Joe Fars

 Tavistock (PR)                     + 44 20 7920 3150
 Nick Elwes                         braddahead@tavistock.co.uk

 Adam Baynes

 

 

Notes to Editors

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 an Indicated Mineral Resource of 21.2 Mt at an
average grade of 891 ppm Li and 3.5% K for a total of 100 kt LCE and an
Inferred Mineral Resource of 73.3 Mt at an average grade of 694 ppm Li and
3.2% K for a total of 271 kt LCE. In the rest of the Basin Project SRK has
estimated an Exploration Target of between 300 to 1,300 Mt of material grading
between 600 to 850 ppm Li which is equivalent to a range of between 1 to 6 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, on the TSX Ventures exchange with a ticker of BHLI, and on the US
OTCQB market with a ticker of BHLIF.

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