Announcement Date: 2023-01-16
Announcement Type: Deposit Estimation
Announcement Code: (other Code)
Company name: Bradda Head Lithium Ltd.
Project name: Basin East
Location: United States
Commodities: Lithium,Potassium
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Bradda Head Lithium Ltd (AIM:BHL, TSX-V:BHLI, OTCQB:BHLIF), the North America-focused lithium development group, is pleased to announce an updated Mineral Resource Estimate (“MRE”) at its Basin East (“BE”) Project in Arizona, resulting in a 22% increase in contained lithium carbonate equivalent (“LCE”) tonnes based on only 1,200m of drilling. Furthermore, the Indicated category of the MRE, which is all located in the upper part of the deposit, has increased by 17%. The updated Mineral Resource Estimate (“MRE”) at BE, which has been reported bySRK Consulting (UK) Ltd (“SRK”) in accordance with the terminology and definitions given in the JORC Code (2012), comprises: an Indicated Mineral Resource of 21.2 Mt at an average grade of 891 ppm Li and 3.5% K for a total of 100 kt LCE and an Inferred Mineral Resource of 73.3 Mt at an average grade of 694 ppm Li and 3.2% K (potassium) for a total of 271 kt LCE. The statement, presented in Table 1, was prepared by Mr.Martin Pittuck of SRK, who is considered a Competent Person for this style of mineralisation. SRK has applied basic technical and economic assumptions for open pit mining (mining and selling costs, mining recovery and dilution, pit slope angles) and processing factors (Li recovery, processing costs), to determine
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