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Save to read list Published by Joe Toft , Editorial Assistant Global Mining Review, Wednesday, 07 September 2022 10:30
Bradda Head Lithium Ltd, the North America-focused lithium development group, has received permission to drill at Basin East Extension (BEE) in Arizona, which is adjacent to Basin East, where Bradda has a of 305 kt lithium carbonate equivalent JORC resource.
“The award of the BEE drilling permit is yet another great piece of news for Bradda Head. Our decision to drill at BEE is based on a continuation of the exploration at Basin where we are aggressively targeting resource expansion, which will feed into a PEA we plan to commence in 2023. We have two significant resource expansion milestones at Basin, the first one being expanding our resource base to 1 million t lithium carbonate equivalent which will result in the second royalty payment of US$2.5 million from LRC and the second being hitting 2.5 million t lithium carbonate equivalent, which we expect to achieve once we get going at Basin West and Basin West Extension in 2023. All of this is underpinned by our exploration target, identified by SRK earlier this year, at Basin of up to 6 million t lithium carbonate equivalent.
“We are also busy with permit applications for other parts of the Basin Project, and will look to revise our resource estimate as soon is feasible. What is important to note is that we have commenced Phase two of our metallurgical testwork at Basin, and expect to release early results from it later this year. This is even more exciting following last week’s announcement that we have managed to use standard commercial equipment (Cyclone Classification) to pre-concentrate our clay as part of a follow-up programme from Phase 1 of our metallurgical testwork programme.
“Crucially, Bradda Head is fully-funded to complete the pipeline of planned exploration drilling, and we are confident that this current BEE programme will provide strong results to enable us to continue with our plans at Basin. Alongside of Basin we are also drilling at our San Domingo pegmatite district in Arizona, with results expected to follow very shortly.”
Read the article online at: https://www.globalminingreview.com/mining/07092022/bradda-head-lithium-ltd-receives-basin-east-extension-permit/
Solaris has reported 124 m of 0.82% CuEq within broader interval, expanding Northeast extension of ‘indicative starter pit’, at its Warintza Project.
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