Bradda Head Lithium Ltd Announces Drilling Progress At Basin Lithium in Clay Project

BRITISH VIRGIN ISLANDS / ACCESSWIRE / April 17, 2024 / Bradda Head Lithium Ltd (AIM:BHL)(TSXV:BHLI,), the North America-focused lithium development group, is pleased to provide an update on work at its Basin Project in Arizona. This current drilling program is focused on resource expansion at the Basin North portion of the project. The target is a resource expansion from 1.08 to a minimum of 2.5 million tons (MT) of lithium carbonate equivalent (LCE). Achievement of this would generate a US$ 3.0 million royalty payment from Lithium Royalty Company (LRC).

The first four holes have been logged, sampled, and shipped to the laboratory while drilling of the fifth hole is in progress. Results on all four holes are pending. A further 3 holes are planned.

Highlights:

The Company has completed four widely spaced holes for a total of 4,330 feet (1,320m) from a planned program of 8,800 feet/2,680 meters (See RNS 12 March, 2024)

The average Upper Clay thickness, based on visual inspection of the drill core extracted, between the four holes is 85 meters, ranging from 73m to 103m (previous average thickness, excluding Basin East, is 80m)

Hole 19 has encountered the thickest-ever Upper Clay sequence at 103 meters, potentially demarking the depositional center

Holes 16 and 18 have encountered Upper Clay shallower than anticipated, yet maintain good thicknesses, hole 17 was abandoned due to poor drilling conditions at a shallow depth and has now been offset and currently being redrilled as hole number 20.

The four holes (BND24-15, 16, 18, & 19) have encountered between 7 and 37 meters of Lower Clay, a strong indication of continuity from Basin East, located 2.0km to the southeast

A 7^th hole will be added to the south of Basin North, twinning last year's sonic hole BES23-11 (See RNS 21 August, 2023), which cut 88.70m of upper clay averaging 903ppm and 12.51m of high grade at 1,427ppm, but did not penetrate the Lower Clay

The programme is scheduled to complete in early May with an updated 43-101 Resource to follow once all assays have been received, for which Bradda Head is targeting early June.

Ian Stalker, Executive Chair, commented:

"Drilling the Basin North clays has been an exciting and promising program. Thus far; we're finding excellent clay thicknesses, as expected, and some clay depths have been shallower than anticipated,which is an encouraging result that supports the viability and potential of this project.