RE: RNS16 Jan 2023 07:10
Charles FitzRoy, CEO of Bradda Head, commented:
"The increase in LCE at Basin East highlights the resource growth potential at the Basin Project. The total drilled area at Basin East covers only 1.4km2 of our 41km2, which previously only covered just under 1.1km2. That's an increase of 65 kt of LCE over a drilled area increase of 0.3km2. Evidence from drilling and geophysics suggests that the higher-grade Upper Clay layer could be relatively continuous, and we look forward to evaluating its potential further and following it into our other claims, Basin East Extension and Basin North, where we will be drilling this year.
"2023 is going to be an exciting year of resource growth for Bradda Head. With more drilling already planned at Basin East Extension and Basin North, BHL is excellently placed to take full advantage of the near-term resource growth potential at our sedimentary lithium assets in Arizona. BHL is also permitting at Basin West and West Extension with plans to drill in Q4. The area we are permitting is over 11km2, which is considerably larger than BE, BEE, and BN combined (c.6km2).
"We have a compelling year ahead with what we believe are a number of material catalysts and look forward to providing further updates in 2023. BHL is permitting at claims adjacent to Basin North and Basin East Extension (Basin West and Basin West Extension), and we expect to be drilling at these assets in late 2023."