Business
Unaudited Results for 3 months ended 31 May 2023
Unaudited Results for 3 months ended 31 May 2023.
About this update from Bradda Head Lithium Limited
[{"type":"text","content":"\n\n31 August 2023\nBradda Head Lithium Ltd\n(\"Bradda Head\", \"Bradda\", or the \"Company\")\nUnaudited Interim Results for the three months ended 31 May 2023\n \nBradda Head Lithium Ltd (AIM: BHL), the North America-focused lithium development group, is pleased to announce that it has today published its unaudited financial results for the three months ended 31 May 2023, and the Management's Discussion and Analysis for the same period. \nBoth of the above have been posted on the Company's website www.braddaheadltd.com and are also available on SEDARplus (www.sedarplus.ca/landingpage).\nFinancial and operational highlights for the first quarter\n· the Company commenced sonic drilling at the Basin project on 16 March 2023, with up to 25 holes planned at Basin East Extension (\"BEE\"), Basin East (\"BE\") and Basin North (\"BN\");\n· Highlights from the first set of assay results received during May 2023 includes:\n- 63.12m @ 954ppm Li in BES-23-03 with 24.32m @ 1,327ppm\n- 66.92m @ 1,077ppm Li in BES-23-04, with 18.30m @ 1,602 ppm\n- 63.71m @ 944ppm Li in BES-23-05, with 32.93m @ 1,029ppm\n- The highest-grade assay received to date of 2,676ppm Li over 1.8m was recorded in hole BES-23-05 at a depth of 109.32m.\n· Concluded a claims dispute mediation with Arizona Lithium Limited (\"AZL\"). Following the settlement, AZL will transfer 66 federal lode unpatented mining claims to Bradda Head, and Bradda Head will transfer 55 federal lode unpatented mining claims to AZL, increasing the total land package in the Wikieup area to approximately 46km2. The Company expects the transfer of title to be completed during H2 2023;\n· Completed a maiden drill programme at the Company's San Domingo pegmatite project on 10 March 2023. Highlights from second and third/final set of assays include:\n- Central Claims\n· 9.54m @ 1.85% Li2O, 3.02m @1.49% Li2O, and 2.90m @ 3.03% Li2O in SD-DH23-037\n· 7.35m @ 0.68% Li2O, 4.79m @ 0.87% Li2O, 3.20m @ 1.22% Li2O, and 3.2...