Bradda Head mobilises drilling equipment to Arizona project
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Bradda Head Lithium Ltd, the North America-focused lithium development group, has announced the mobilisation of equipment to the Basin Project, Arizona, to initiate Resource expansion drilling with a six-hole programme designed to significantly expand the company’s lithium in clay Mineral Resource Estimate.
This follows the successful 2023 sonic drilling campaign which saw the “tripling” of BHL’s Inferred and Indicated MRE at Basin. This six-hole programme will build upon Bradda Head’s 1.085 MT Lithium Carbonate Equivalent (LCE) by drilling holes an additional 1.2 km towards the north on newly permitted drill holes. The objective of this program is to add a minimum of 1.5 MT LCE, surpassing the benchmark of 2.5 MT LCE which will trigger the final US$3 million royalty payment from Lithium Royalty Company (LRC) to Bradda Head. The drilling programme is anticipated to finish towards the end of April 2024.
Programme Summary:
- Six-hole core drilling programme of approximately 8800 ft planned.
- Programme anticipated to expand LCE from 1.085 MT to >2.5 MT.
- Step-out drill holes at 500 to 700 m spacing to maintain Inferred category of MRE.
- One hole will be drilled into Precambrian basement in centre of gravity low.
- Gravity low may represent extensively thick clays both in the Upper, Lower, and Basal Red-Beds.
- Holes will test Lower Clay to expand tonnage potential and thicker sequence correlative with gravity low which also has the potential for exceptional lithium grades.
Ian Stalker, Executive Chairperson, commented:
“After we completed the MRE in September 2023, we quickly realised the unbridled potential to continue expansion of this important lithium-in-clay resource in Arizona. Our geologists developed a plan, designed a new drilling programme, and promptly engaged the BLM for an expansion of our Basin North permit. We thank the BLM for delivering a positive decision and look forward to embarking on this exciting drill programme.
Not only are we hoping for sizeable expansion of this resource, but are estimating the resource will grow from the current 1.085 MT of LCE to over 2.5 MT, which will trigger an important US$3 million royalty payment from LRC. We are confident this will be a successful programme, and, with the royalty payment, the company will be in an excellent position for the remainder of 2024 during the current softened lithium market.”
Read the article online at: https://www.globalminingreview.com/exploration-development/07032024/bradda-head-mobilises-drilling-equipment-to-arizona-project/
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