Impact: Positive
Bradda Head released the final set of assays from its Phase 2 (5,776m) drill program, completed at its 100%-owned San Domingo (SD) pegmatite project in Arizona. Following results from the central part of the property (read notable), these assays are from the Morning Star and Morning Star South targets in the southern part of the claims. Highlight intercepts include 2.07% Li2O over 4.14m (SD-DH23-104) and 1.70% Li2O over 5.40m (SD-DH23-093). Coarse-grained spodumene crystals were observed as the dominant mineral with minor amounts of lepidolite and montebrasite. The mineralization remains open at depth These are the best results from the Phase 2 program and demonstrate open pit potential, especially in this southern area, as drilling was completed to 100m depths. All results are expected to feed into a maiden MRE in Q2/24. In the meantime, focus is expected to shift back to the Basin Li clay project, also in Arizona, to grow the resource above 2.5Mt LCE and receive the final payment of US$3M from Lithium Royalty Corp. (TSXV:LIRC, Not Rated, read note).
