Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) said it is looking at a start to production on its San Domingo project from late 2026 to keep up its recent momentum
Ian Stalker, chair, said he was pleased with its progress in 2024 despite the challenges faced by all junior explorers and developers in the sector.
Plans for the current year include defining a maiden NI 43-101 resource at San Domingo, hard rock spodumene project.
Stalker added there is an opportunity to define a potentially much bigger resource than originally envisioned at San Domingo.
Bradda Head has also pencilled in production from San Domingo in 2026 using contract open pit mining to generate cashflow while it develops that project over the medium-term and its lithium brine project at Basin.
Stalker noted that Bradda Head, a junior lithium player, is in a sound financial position through innovative approaches to raising cash, including the recent and final US$ 3 million royalty receipt from Lithium Royalty Corporation is a testament to its progress.
“Our conservative cash management has meant that we have not needed to return to the market for funding in over two years whilst continuing to make demonstrable progress over our key projects.
“This, in a market experiencing all-time price lows, with lithium miners taking production offline and juniors ceasing to exist entirely, is a truly exceptional achievement,” he added.
It is not clear whether the lithium price has yet bottomed, Stalker said, but the projects are cost-effective and being a US-based company gives it an advantage, he added.