March 5, 2024
Bradda Head Lithium Ltd. (TSXV:BHLI, AIM:BHL, BUY, C$0.40 target, Alina Islam and David A. Talbot) has mobilized equipment to initiate a resource expansion drill program (2,680m; six holes) at its 100%-owned Basin Li clay project in Arizona (map). The step-out holes are expected to be completed at 500m-700m spacing, to the north of the current I&I resource area and expand it from ~1.0Mt (read note) to >2.5Mt LCE. Notably, exceeding a 2.5Mt LCE resource would trigger the final US$3M royalty payment from Lithium Royalty (TSX:LIRC, Not Rated). Drilling is anticipated to conclude in Q2/24. Read more
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Bradda Head Lithium Ltd. – TSXV:BHLI
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