Engagement of drilling contractor04 Oct 2021 07:42
04 October 2021 Bradda Head Lithium Ltd ("Bradda Head", "Bradda", or the "Company") Engagement of Wikieup Drilling Contractor
Bradda Head Lithium Ltd (AIM:BHL), the North America-focused lithium development group, is pleased to announce, as part of its fast-track development programme at its Arizonan sedimentary lithium assets, that it has engaged drilling contractor Boart Longyear for a sonic drilling programme at the Company's Wikieup Project, starting in early Q4.
Highlights: · Bradda has now signed on Boart Longyear to start drilling at its Wikieup Project, which is adjacent to Hawkstone Mining Ltd.'s Big Sandy resource of 32.5Mt @ 1,850ppm Li. · As part of the fast-track development of our sedimentary lithium assets, Bradda has also accelerated its permitting at the Wikieup project and expect all remaining drilling permits to be received in early Q4. · Drilling contractor Boart Longyear is a world-renowned driller with experience using sonic rigs and drilling in sedimentary deposits. · Sonic drilling rigs are more environmentally sensitive than diamond core drilling rigs. Sonic drilling also has superior recovery in soft sedimentary rocks compared to diamond cored drilling. · Bradda is in the process of completing a drilling programme at its Burro Creek East asset where it has an inferred resource, with recent assay results demonstrating the potential for an increase in grade, tonnes and resource classification (PR 25/08/2021).
Bradda Head has engaged world-renowned drilling contractor Boart Longyear to carry out a sonic drilling programme at the Company's Wikieup clay project in Western Arizona, which is adjacent to Hawkstone's Big Sandy resource of 32.5Mt at 1,850ppm Li. Boart Longyear has extensive experience using sonic rigs and drilling in clay and in the United States. Sonic rigs are more environmentally sensitive compared to diamond rigs because they use less water, produce less waste and have superior recovery compared to core drilling, or RC. Bradda is focussing on three areas at its Wikieup project (https://www.braddaheadltd.com/media/image-library/wikieup-2021-drilling-programme/) where its geologists have identified highly prospective areas with the potential for lithium mineralised clay, similar to what is found at Hawkstone's Big Sandy project. Surface sampling has identified grades up to 1,750pm Li on its Wikieup project claims and Bradda recently expanded its landholding at Wikieup from 12.9km2 to 29.3km2 due its geologists confidence in the prospectivity of the area. Bradda is now the largest landholder on the belt, and is conducting a geophysical programme at all of its sedimentary assets over the next few months, which will help in planning of future drill programmes and add to its geological model of the Wikieup-Burro Creek Lithium district.
Bradda is also in the process of completing a drilling programme at its Burro Creek East asset where it has an inferred resource, with recent a
@seagullsfan Thanks, yes I’m still here and holding. I did sell a very small amount that I was in profit on last week. For the rest of my holding I have the same plan as you. A learning curve for sure for me not to be drawn in by things said by CEO’s that aren’t in a RNS.
@deepbluediver Thanks, yes I’m still here, but like you I won’t be on this BB so often. A big lesson for me, but I still have other shares, so hopefully they will come good. I will leave my money in HE1, but if I see better opportunities to make some money back then I will sell some shares. Unfortunately, I liked drilling for Helium because it is more Earth friendly, so won’t be putting any money into oilers! Keep safe and I hope to see you when things are better!! 8-)
Here is the Motley Fool article. A speculative investment???
After the market’s opening bell today, Open Orphan (LSE: ORPH) stock shot up by more than 15%, although it’s eased back a bit since.
The small-cap company operates as a pharmaceutical services business and describes itself as “a rapidly growing specialist contract research organisation.” It’s also building up an orphan drug consulting service to help pharmaceutical companies commercialise their products in Europe. The firm reckons it is a “world leader” in vaccine and antiviral testing using human challenge clinical trials.
And today’s move in the stock price was driven by a news announcement. The company has signed a human challenge clinical trial contract with a “major” global pharmaceutical company worth just over £8m. The deal involves Open Orphan testing the partner company’s inhaled human rhinovirus (hRV) antiviral product aimed at treating asthma.
This antiviral study should begin during the first half of 2022. And Open Orphan expects most of the revenue from the contract to arrive in 2021 and 2022.
Executive chairman Cathal Friel said the contract adds to the firm’s “exciting” pipeline of RSV, hRV, influenza, malaria, and asthma challenge study contracts. And he reckons the pandemic has revealed decades of underinvestment in infectious diseases and respiratory products. When the pandemic arrived, he feels the world had very few infectious disease products to deal with it.
However, there’s an opportunity in that situation for companies such as Open Orphan. Friel thinks governments and pharma companies are now investing “hugely” in new infectious and respiratory disease products. He reckons the market will likely grow from the $20bn seen in 2019 to around $250bn by 2025. Friel
RE: People getting too excited again19 Aug 2021 12:19
Thanks Deepbluediver, much appreciated. I have today bought a few more with a view to selling when the price goes up again. But when it goes up, I may then not want to sell!! It’s so hard trying to figure out the right thing to do. Fingers crossed for this drill, but they are still recovering from getting burnt!
Mr Spacetomato, you have been ace, along with Dai, Deepbluediver, Trekmadone and Joshwaa. Lots of others have also shown be great and shown that it’s just a small percentage of scum!! GLA on this second drill, onwards and downwards (the drill, not the share price!!!)
I agree Oruin, the day the RNS dropped and for quite a few days after I saw just how nasty a small percentage of the human race can be. Didn’t sell though, in fact I did do a small top up. All the gloaters and those predictors of 5p seem to have disappeared now!!
Sinequanon, I hope so, fingers crossed. Having watched this every day waiting for the RNS when they were drilling, I think I have to ignore this share for a while now and concentrate on other stuff……but it’s hard!
RE: I feel for those who relied on this changing their lives11 Aug 2021 14:24
Big plan, I was pretty miffed this morning, but this is only the 1st of 3 drills, so all is not lost. What I am miffed about is the directors talk interview which in my view gave a completely false impression of where we were. I also can’t believe the number of nasty posts made today. I clearly hope it made all those tiny ducks feel like big men!!