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Bradda Head Lithium Ltd. (AIM:BHL) – Notable News

January 25, 2022

Bradda Head Lithium Ltd. (AIM:BHL, Not Rated, Koby Kushner) announced geophysical survey results, including magnetotellurics (MT) and ground-penetrating radar (GPR), carried out at its Eureka (formerly known as Spencer) Li project in Nevada. The surveys revealed the presence of a potential brine reservoir at depths ranging from 300m to 2,000m, over a 12km strike length.  The results also highlighted the geothermal potential at Eureka, which could potentially be used as a low-carbon energy source in a future production scenario. Notably, geothermally heated water, with anomalous Li levels, were previously encountered in 2016. The surveys further revealed the presence of potential clay material down to depths of 100m, similar to its Li-clay projects in Arizona, where the company recently posted very encouraging metallurgical test results (read more). On the back of these encouraging geophysical results, Bradda Head staked an additional 16km2 of ground at Eureka. Going forward, two drill programs at Eureka are planned for H2/22, including deeper drilling to test the lower basin and a shallow drilling program to test the clay potential. We note that previous drilling and shallow surface samples at Eureka returned grades of up to 550 ppm Li.  With the announcement of these additional two drilling programs, we believe 2022 has just gotten even busier for Bradda, with plenty of work already underway at its Arizona projects (read more). The company is looking to grow the 185k LCE resource at Basin East, with a resource update due in Q1/22. Drilling is also ongoing at Wikieup, where a maiden resource is expected in Q2/22. At its San Domingo lithium pegmatite (hard-rock) project, the company is working towards a drilling program. Additionally, a TSXV listing is pending, which we expect to add increased investor exposure following its recent OTC listing (read more). Read more

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