Member Info for Sq52

Must be about due the end of basin update with final three holes and visual details of Clay thickness?

Great results from drilling with furthest away holes showing expected thickness as per gravity map, another sensible drill hole planned to expand lower clay and clay shallower than expected.

Game on for 2.5mt+

It’s ok captain, I’m sure CB will be forever noted for saying ‘this is not a 10p’ mine. As long as he sticks to that, then happy days.

More great shallow grades from San Domingo, one of the easiest methods of extraction.

Basin showing really good promise, holes stepping out as expected and showing similar thickness of upper clay zone. Obviously, can’t tell what order they’ve been done in, but it’ll be at least 750m further than last resource + lower clay looks to be continuing (all be it at a likely lower lithium content based on prior holes).

Can’t see anything moving much until 2.5mt proved (or not).

You need to overlay the 14th of Feb RNS with the 12th of March RNS. Massive potential, with majority being inside BHL claim.

Given the consistency of drill holes to date and approaching the half way point of the current drilling, I was expecting an update this week / early next week.

Either way, the board will be getting an understanding of clay thickness / size / area and this has massive implications.

Enough cash to tick along until 2027 that’s a long wait.

$15m deal done, gold mine sold.

Xtract X account posting about how well gold is performing over the past week, got to question the management of that!

The roast boys summed it up well over the weekend, Xtract projects are valued negatively, even cash value.

Clearly no faith in CB.

At £120k per year, he should be smashing it and not smashing the share price.

Investor relations needs building or this will bumble along, drifting down.

What is the purpose of Xtract now?

We now have the large seller, who’s the large buyer?

Decent chunk of shares moving around.

It’s not really new news and it’s been at this price for a while.

The watch out for me is the issuing of information during the drilling as they’ll probably RNS it if anything significant is found (eg super thick layers in the gravity well) as RNS updates have been done during the last campaigns at Basin when new information came to light.

It’s not sht or bust, but high risk if the 2.5mt isn’t reached as they’ll be little left in the coffers, I can see why you might not want in.

There’s also the fall out from Wiggle / Chain reaction to hit the books.

Pretty sure it’ll cost something to extract the lithium?

However, capex costs will look significantly better when (if) the clay resource is increased to 2.5mt

Oct23 or Oct22? I remember the roast crew and Colin kicking some serious numbers around on Manica 3-4p per share on its own if my memory serves me???

Anyway, back in now as copper feels like it’s turning, there’s a serious chunk of copper in BR, there’s a pile of cash in the coffers, so regardless of Zambia outcome, looks good to me (apart from trust levels)

I also think that the team have found something whilst exploring the licences since Sept23, and need to start locking in funds to explore quicker whilst it’s ‘hot’ - no way CB would have been able to raise without serious dilution and it would have been stupid to highlight before sale or he’d have lost negotiating position.

Bring on the rollercoaster!

‘My general view is that now is a great time to be loading up on lithium.’

https://www.smh.com.au/business/companies/british-billionaire-adamant-lithium-ship-will-sail-again-20240220-p5f6dl.html

Crack on then Jim

Anyone (myself included) who’s been in the share for the past 6+ months will be down. Jim buying 8m at 4.5p painful for him (yes he has cash, but that’s still a big hit)

There’s clearly been a significant impact due to the supply / demand profile of lithium. The board has largely delivered on what was set out ie 1mt of LCE from Basin and proving up some potential at San Domingo.

Like all Lithium plays, it’s about brutal preservation now and limping on, projects have been pulled, investment has been pulled back, it’s not just Bradda. When the move for carbon neutrality pushes forward again in the coming years (and it will) demand will quickly build and with the scale backs currently happening in the wider market, the Lithium price will once again strengthen (probably not to the levels seen in prior years).

With Bradda having the benefit of getting $3m by drilling basin and proving a resource of 2.5mt, it’s in a better spot than some (assuming the 2.5mt can be hit), just depends if we’ve got the funds to make it that far…..

I’d also agree that we could see car makers move upstream in their supply chains and secure Lithium before prices increases, bargain price of Bradda now with 1mt of Lithium proved in a secure location with easy access and loads more potential in the right place, no brainer for me!

What’s your thoughts on latest RNS, looks like we’re getting onto fumes?

Steps taken by management to make the most of remaining cash, but:

Enough cash to drill basin and get results out?

Enough cash to get a San Domingo resource out?

Certainly not enough to drill anything else at San Domingo, will need some exceptional final results to justify that (short term)

Unless US gov steps in to provide funding or sale of one of assets (in depressed market) then all roads point to a raise? Not if, but when?

Following the significant uptick in interest within the USA on the production of Lithium from the previously closed old Oil and Gas brine areas (for example, ExxonMobil drilling a lithium well in Arkansas), Bradda Head Lithium Management recently visited our prospective Pennsylvania lithium bearing oil brine targets and have initiated work on developing the way forward in maximising our value from our 589 acres currently under lease. The current leases are adjacent to historic oil wells that contain samples running 490 and 489 ppm lithium, from samples collected in the Oriskany Group Formation. The wells are 6.90km apart with exciting opportunities to acquire leases over or peripheral to the wells. One potential drill site location has been selected for future drilling and is less than 500 feet from the historic well that produced 490 ppm. Excellent opportunities exist to expand our lease agreements and initiate the search for a well drilling contractor.

Similarly it's important to note that our Texas lithium oil brine leases are located within the highly sought Smackover Formation, same host rock at Standard Lithium's pilot DLE plant in nearby Arkansas (and where Pantera will be expanding their Superbird lithium project). Management will be attending the upcoming Lithium Innovation Summit - 2024 Conference in Arkansas as well as visiting the operating pilot plant, as we seek to understand and maximise value of our Texas properties.

Bradda Head Lithium would like to wish you a very happy and prosperous new year!

Entering 2024 Bradda Head has positioned itself for the next upturn in Lithium demand and subsequent pricing and intends to maximise the value of its entire portfolio. Costs have been trimmed by more efficient use of the entire staff, resulting in a 'lean and mean' team of professionals with a good handle on all the Lithium Projects and a sound and solid Treasury. The ...

San Domingo Lithium in Pegmatite opportunity ...

...the Basin Lithium in Sedimentary Clays opportunity ...

... and the Pennsylvania and Texas Lithium in Oil Brines

... have all had good, solid geological work undertaken during 2023 and are now ready for the next steps.

In this brutal Lithium market space, Bradda Head Management believes the Company presented at these Share Price levels offers an attractive investment scenario (BHL, AIM-listed). The projects covering the three known styles of Lithium continues to give investors in the Company - old and new - a real de-risked opportunity at levels below the original listing entry in 2022.

The appetite for a secure, domestic supply of lithium in the U.S. will characterise 2024 for Bradda Head, as we continue our dialogue with the U.S. government representatives by visiting key entities in Washington D.C in Q1. Our focus to expand includes expansion of leases on our lithium bearing oilfield brines in Pennsylvania and Texas moving forward, paving the way for further exciting developments in our lithium venture.

Q1 2024 is kicking off with an exciting line up for us at Bradda Head: in February, our Executive Chairman Ian Stalker will be attending The Mining Indaba in Cape Town and our Chief Operating Officer Joey Wilkins will be attending the inaugural Arkansas Lithium Innovation Summit.

Meanwhile, our overarching objectives will continue to be increasing our resource expansion at Basin and delineating our potential resources at San Domingo while exploring the rest of our diverse portfolio. We are pleased to report the San Domingo drilling program wrapped up in early December, 2023 with new results to be released over the next few weeks.

Most importantly, Bradda Head looks forward to showing our gratitude for your ongoing support in the form of continued dedication to advancing our projects to benefit our shareholders. Thank you, we look forward to impressing you further this year!

There’s then a few RNS that are available… then….

You can subscribe through:

https://www.braddaheadltd.com/mailer

I’ll paste some bits in as it sounds like a busy Q1.

Taken from todays new letter:

We are pleased to report the San Domingo drilling program wrapped up in early December, 2023 with new results to be released over the next few weeks.