Business
Basin East MRE Uploaded to SEDARplus
Basin East MRE Uploaded to SEDARplus.
About this update from Bradda Head Lithium Limited
[{"type":"text","content":"\n\n14 August 2024\n \n\n\n\n\nBradda Head Lithium Ltd\n(\"Bradda Head\", \"BHL\" or the \"Company\")\n \nBasin East Mineral Resource Estimate Uploaded to SEDARplus\n \nBradda Head Lithium Ltd (AIM:BHL, TSX-V:BHLI), the North America-focused lithium development group, announces that, further to its press release of 1 July 2024, it has, on 14 August 2024, filed the complete Technical Report by ABH (\"Report\") on SEDARplus for the updated Mineral Resource Estimate (\"MRE\") at the Company's Basin Project (\"Basin\") asset in Arizona. The MRE in the Report is materially unchanged from that announced on 1 July 2024.\n \nThe Report is available to be downloaded from Bradda Head's profile on SEDARplus at www.sedarplus.ca/landingpage/. A copy of the Report is also available on the Company's website, www.braddaheadltd.com.\n \nThe Basin East MRE, reported by ABH Engineering Inc (\"ABH\") was updated in July 2024 (see RNS dated 1 July 2024).\n \nHighlights:\n· The total Mineral Resource comprises 20 million tonnes in the Measured category at 929ppm Li consisting of 99kt LCE, 122 million tonnes in the Indicated category at 860 ppm Li consisting of 560kt LCE and 499 million tonnes in the Inferred category at 810 ppm Li, carrying 2,150 kt LCE (1% lower than the July 1 Inferred category following adjustments in the model);\n \n· The resource contains 20 million tonnes of 929ppm lithium for 99Ktons of LCE in the Measured category, the first ever in this category at Basin;\n \n· As per the Company's Royalty Agreement with the Lithium Royalty Company (\"LRC\"), the updated MRE triggered the final royalty payment of US $3.0 million, which BHL has since requested and received from LRC;\n \n· The results of the 2024 drilling programme demonstrate extensive lateral continuity from Basin East through to Basin North, identifying impressive consistency in the stratigraphic continuity of the Upper Clay and grade profile over a 3.0 x 2.0 km area that remains open to the north, east, and west;\n \n· It's important to note that the Upper Clay Unit includes a continuous High-Grade layer which has an average grade of some 1,190 ppm Li, and is on...