Arizona-focused Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said it continues to position itself for the next wave of demand for the battery metal and also for an uptick in pricing
“The last quarter saw steps forward at the San Domingo lithium-in-pegmatite asset, the Basin Sedimentary lithium clay project and a re-evaluation of its lithium in oil brines in Texas and Pennsylvania,” said chairman Ian Stalker.
“Drilling continued through the quarter at San Domingo with the first set of assay results highlighting the potential of the area.
“These results increased our knowledge of the intriguing spodumene-rich pegmatite district and the drill hole geochemistry.
“Over at our lithium in clay Basin Project, we are moving closer to finalising the next drill programme, expected to commence during the first half of 2024.”
Losses in the three months to end 30 November 2023 were US$819,000 (US$1.4 million), with cash and equivalents at the end of the quarter of US$2.9 million.