Impact: Positive
Bradda Head announced surface channel sampling results from its 100%-owned San Domingo pegmatite project in central Arizona. A total of 77 samples were collected from four targets and notable results include: 1) 2.33% Li2O over 5.0m and 2.81% Li2O over 4.1m from the White Ridge target, 2) 1.25% Li2O over 5.3m from the Morning Star target, and 3) 2.31% Li2O over 2.9m from the Midnight Owl target. We believe these are positive results that supplement the 2023 Phase 2 drill program (read notable) and have established the feasibility of utilizing this method in upcoming surface exploration programs in Q3/23. In our view, Bradda Head is efficiently using its resources in this bear lithium market to establish a foundation for a maiden MRE at San Domingo.