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Bradda Head pushes ahead with drilling at Burro Creek East lithium project

Demand for locally-sourced lithium in the US is expected to skyrocket

Bradda Head Holdings Ltd -

Bradda Head Holdings Ltd (LON:BHL) has now drilled 141 metres of a planned 991 metres at the Burro Creek East lithium asset in Western Arizona.

The purpose of the programme is to twin five existing holes, which didn't fully extend into the second layer of mineralised clay, and to drill five additional holes to extend the resource and to test the extent and thickness of the clay to the northwest of the existing resource, where consultants SRK believe that the deposit thickens.

Overall, the drilling is targeting an increase in both resource size and grade. Further metallurgical testing will help build knowledge about potential processing routes for the clays.

Results are expected in the third quarter.

"This drilling programme will bring greater information on the prospectivity of the resource at depth and along strike,” said Charles FitzRoy, chief executive of Bradda Head.

“Core recoveries have been very good, with the first holes' core recovery averaging at over 93%. This will give us more accurate resource estimation data, compared to the previous 2018 reverse circulation drill programme which suffered poor recoveries.”

He added: “This fast track drilling programme was funded through the company's existing pre-IPO cash reserves allowing us to move quickly to secure drill rigs and get permits in place. The funds raised at IPO have enabled us to commence progression of our plans at Wikieup, Burro Creek West, and Bradda Head's brine and pegmatite assets, enabling us to demonstrate the value in the ground at our assets in Nevada and Arizona, and helping Bradda Head accelerate its role in the crucial supply of lithium to US end-users."

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Price: 7.8 GBX

Market Cap: £22.86 m

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Bradda Head present drilling results from its Burro Creek East lithium...

Bradda Head Holdings Limited's chief executive Charles FitzRoy joins Proactive London to talk through their positive drilling results from its Burro Creek East lithium project in Arizona.  Assay results from the first twinned holes (BCE21-01 and BCE21-02) at the Burro Creek East deposit show...

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