REG - Bradda Head Lithium - San Domingo Pegmatite Project update

Bradda Head LithiumAnnouncement

16/12/2024 07:00

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RNS Number : 1263Q  Bradda Head Lithium Ltd  16 December 2024

16 December 2024

 

Bradda Head Lithium Ltd

("Bradda Head" or the "Company")

 

San Domingo Pegmatite Project Drill Permit and Met work update

 

Bradda Head Lithium Ltd (AIM:BHL), the North America-focused lithium
development group, is pleased to announce a Notice of Intent ("NOI") drilling
permit was approved for the Dragon Target at the San Domingo Project. An
additional NOI at San Domingo North  was submitted to the Bureau of Land
Management ("BLM"), proposing new drill holes at Ruby Soho and Midnight Owl.
Metallurgical work specifically targeting artificial intelligence driven
mineral sorting has also commenced on high-grade composite core samples from
the Jumbo Target, with results anticipated in Q1 of 2025.

 

Ian Stalker, Executive Chair, commented:

 

"The Company is excited to embark on the next phase of exploration drilling at
San Domingo in H1 of 2025 and is appreciative of the BLM's quick NOI permit
approval on the Dragon target. Bradda has developed an excellent relationship
with the BLM in Arizona, as evidenced by this 6(th) NOI or amendment approved
in the span of just four years. They are an exceptional team at the Hassayampa
BLM District office and it is a pleasure working with them. As the Company's
geologic team continue to develop new targets, such as Ruby Soho, it is
imperative the team works closely with the BLM whilst continuously advancing
exploration on the project within the regulations  to progress critical
metals essential for the energy transition.

 

Initiation of the metallurgical work is also exciting as we look to further
unlock the potential at San Domingo by incorporating AI technology on
high-grade spodumene mineralized core from the Jumbo Target. This work is
designed to identify optimal ore sorting mechanisms through mineral
identification during crushing followed by separation of minerals deemed to be
sub-ore in grade. Overall, this process is particularly promising for our
understanding of the asset and a catalyst for its development.

 

Several drill bids have been received and more are being solicited from a
targeted group of specialized drilling companies. Our objective is to identify
smaller reverse circulation equipment that can fit into tighter and smaller
drill sites whilst reducing drill pad size and yet drill to the required
depths, advantageous for speed and cost-effectiveness.

 

We are confident we can find the ideal partner and look forward to progressing
the metallurgical work in parallel to the exploration drilling at San Domingo,
and will provide updates in due course.

 

Dragon Target

 

A new NOI permit on the Dragon target at San Domingo was approved by the BLM,
allowing up to 37 drill sites and ancillary roads to be built, pending
submission of a reclamation bond. The permit allows San Domingo LLC, a wholly
owned subsidiary of Bradda Head Lithium Ltd, permission to build and occupy up
to 37 drill platforms from where the Company can drill multiple holes. The
drill holes will target high grade and outcropping spodumene with samples
carrying up to 0.97% Li(2)O plus 174 ppm cesium (Cs) over 8.80m from channel
samples (See 3 September, 2024 PR) and individual rock chip samples of 7.99%
Li(2)O (See 3 September, 2024 PR). The Dragon South and North targets have
never been drill-tested and contain excellent opportunity to build upon prior
drilling campaigns and potentially add resources. The Company is in the
process of posting reclamation bonding for final approval to proceed.

 

Ruby Soho and Midnight Owl Target

A H1 2025 drill program is in the planning stages with drill holes not only at
Dragon, with several holes also at Ruby Soho, Midnight Owl, White Ridge,
Jumbo, and Morning Star. A new NOI was submitted to the BLM for low-impact
exploration at Midnight Owl and Ruby Soho was submitted and is pending
approval by the BLM. This new NOI contains proposals for 35 drill sites that
will target the newly identified Ruby Soho target, new shallow targets at
Midnight Owl, and high-grade mineralization from the Thunder target which was
not tested earlier in this year's drill program. The Ruby Soho target, as
described in the 26 November, 2024 PR, contains surface samples with up to
3.57% Li(2)O on a 330-meter-long pegmatite. The Company plans on drilling
along the strike length of the pegmatite with 11 proposed drill sites.

 

The Company conducted a structural review of the surface and drill hole
geology at Midnight Owl, recognizing shallow and undrilled lithium-rich
targets that could develop into easily extractable spodumene mineralization.
The holes will test mineralization such as 8.40m at 1.17% Li(2)O with 623 ppm
Cs from channel sampling, as described in the 1 October, 2024 PR. A total of
16 new sites are proposed and will test for shallow mineralization and are
part of the recently submitted permit.

 

Jumbo / White Ridge

A new NOI permit at the Jumbo and White Ridge targets is in preparation and
will be submitted once the final details have been compiled. The Company is
planning between 10 and 12 drill sites between the two targets. Proposed drill
sites at White Ridge will target high grade lithium mineralization identified
in channel samples within an open cut mine. Sample results include 5.00 meters
at 2.33% Li(2)O, 4.10 meters at 2.81% Li(2)O, and 5.30m @ 1.25% Li(2)O. See PR
8 April, 2024 for detailed results.

 

Metallurgical Testing

Our consulting group, ABH Engineering, has sent a set of 50 individual ½-inch
drill hole core samples to Tomra for X-Ray Transmittance scanning, using their
sorting sensor technology at their facility in Germany. This analysis should
provide information on particle ore sorting in anticipation of next years
mineral resource preparation to illuminate spodumene ore processing.

 

Drilling

Drill contractor bids have been solicited from several companies with other
additional bids still pending. The program is targeting approximately 10,000
feet or 3,000 meters and upwards of 70 shallow reverse circulation holes. A
reverse circulation drill program should produce faster results and projected
to cost half of a typical diamond core drilling program.

 

Qualified Person (Bradda Head)

Joey Wilkins, B.Sc., P.Geo., is Chief Operating Officer at Bradda Head and
the Qualified Person who reviewed and approved the technical disclosures in
this news release. Mr Wilkins is a graduate of the University of
Arizona with a B.Sc. in Geology with more than 38 years of experience in
mineral exploration and is a qualified person under the AIM Rules and a
Qualified Person as defined under NI-43-101. Mr Wilkins consents to the
inclusion of the technical information in this release and context in which it
appears.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS
SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

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

 

 

ENDS

 

Contact:

 

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

 Denham Eke, Finance Director

 Beaumont Cornish (Nomad)        +44 20 7628 3396

 James Biddle / Roland Cornish

 Panmure Liberum (Joint Broker)  +44 20 7886 2500
 Kieron Hodgson / Rauf Munir

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

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

 

 

About Bradda Head Lithium Ltd.

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 a Measured Mineral Resource of 20 Mt at an
average grade of 929 ppm Li for a total of 99 kt LCE and an Indicated
Mineral Resource of 122 Mt at an average grade of 860 ppm Li and an
Inferred Mineral Resource of 499 Mt at an average grade of 810 ppm Li for a
total of 2.81 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.

 

 

Technical Glossary

 

 Kt                          Thousand tonnes
 %                           Percent
 Ppm                         Parts per million
 Exploration Target          An estimate of the exploration potential of a mineral deposit in a defined

                           geological setting where the statement or estimate, quoted as a range of
                             tonnes and a range of grade (or quality), relates to mineralisation for which
                             there has been insufficient exploration to estimate a Mineral Resource.
 Inferred Mineral Resource   That part of a Mineral Resource for which quantity and grade (or quality) are

                           estimated on the basis of limited geological evidence and sampling. Geological
                             evidence is sufficient to imply but not verify geological grade (or quality)
                             continuity. It is based on exploration, sampling and testing information
                             gathered through appropriate techniques from locations such as outcrops,
                             trenches, pits, workings, and drill holes.  An Inferred Mineral Resource has
                             a lower level of confidence than that applying to an Indicated Mineral
                             Resource and must not be converted to an Ore Reserve.  It is reasonably
                             expected that the majority of Inferred Mineral Resources could be upgraded to
                             Indicated Mineral Resources with continued exploration.
 Indicated Mineral Resource  That part of a Mineral Resource for which quantity, grade (or quality),

                           densities, shape and physical characteristics are estimated with sufficient
                             confidence to allow the application of Modifying Factors in sufficient detail
                             to support mine planning and evaluation of the economic viability of the
                             deposit.  Geological evidence is derived from adequately detailed and
                             reliable exploration, sampling and testing gathered through appropriate
                             techniques from locations such as outcrops, trenches, pits, workings, and
                             drill holes, and is sufficient to assume geological and grade (or quality)
                             continuity between points of observation where data and samples are gathered.
 Sn                          Tin
 Li(2)O %                    Lithium Oxide
 Cs                          Cesium
 Ta                          Tantalum
 Ta(2)O(5)                   Tantalum pentoxide
 K                           Potassium
 Rb                          Rubidium

 

 

Forward-Looking Statements

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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