Bradda Head Lithium Ltd Announces San Domingo Pegmatite District Drilling Results

Bradda Head Lithium Ltd Announces San Domingo Pegmatite District Drilling Results

San Domingo Pegmatite District Drilling Results Continue to Demonstrate High Grade Intersections of Mineralised Lithium Pegmatites in Arizona

Bradda Head Lithium Ltd. (AIM:BHL)(TSXV:BHLI)(OTCQB:BHLIF) ("Bradda Head", "Bradda", "BHL" or the "Company"), the North America-focused lithium development company, is pleased to announce further significant intercepts of high grade lithium bearing minerals at multiple locations from the second set of assay results from its maiden diamond core drilling programme at the Company's 23km2 San Domingo pegmatite district in Arizona. This is a continuation of the first extensive drilling campaign undertaken at San Domingo since the 1950's and is the maiden programme under BHL. Lithium bearing minerals (spodumene and some lepidolite) have been identified in c.60% of the total holes completed and importantly the programme has only tested just over 1% of the 23km2 that Bradda holds in Arizona

Highlights from next set of assays include:

Central Claims

  • 9.54m @ 1.85% Li2O, 3.02m @1.49% Li2O, and 2.90m @ 3.03% Li2O in SD-DH23-037
  • 7.35m @ 0.68% Li2O, 4.79m @ 0.87% Li2O, 3.20m @ 1.22% Li2O, and 3.21m @ 0.75% Li2O in SD-DH23-036
  • 9.85m @ 0.86% Li2O in SD-DH23-034
  • 4.02m @ 1.27% Li2O in SD-DH23-035

Northern Claims

  • 3.75m @ 2.37% Li2O, 0.85m @ 2.44% Li2O, 1.10m @ 0.82% Li2O, and 0.67m @ 1.77% Li2O in SD-DH22-025
  • 3.35m @ 2.23% Li2O in SD-DH22-018
  • 3.20m @ 1.70% Li2O, 1.89m @ 2.89% Li2O, and 2.75m @ 0.67% Li2O in SD-DH22-019

See maps below for locations of Northern and Central claim block drill holes as well as cross-sections of results so far received; including cross-section of Morningstar follow-up target modelled from historical drill data.

Summary:

  • Bradda Head commenced a first pass phased 7,000m diamond core drilling programme at its San Domingo lithium pegmatite district in Arizona in Q3 2022. This programme is now completed (see figures 2 and 3 below).
  • Out of the 7,000m planned, 7,300m (47 holes completed) have been drilled with positive results demonstrating high-grade intersections, as set out in the table below (Table 1). This scout drilling programme was completed on 10 March, of which, assays for 38 of the holes have been received.
  • The first set of assays released in February (see PR dated 06 February 2023) demonstrated high-grade visible lithium bearing intervals with the best result intersected to date of 31.85 meters at 1.60% Li2O[1] in drill hole SD22-024.
  • This set of assays not only demonstrate that we have significant intersections of pegmatites with visible lithium minerals (spodumene and some lepidolite) in the Northern Claim blocks (see Figures 4 and 5) but also that BHL has identified intersections of up to 20.0m (Lower Jumbo and Jumbo see figures 6, 7 and 8) of potential lithium bearing intersections at the Central Claim blocks, indicating the presence of a potential 9km mineralised trend.
  • Large spodumene crystals with scattered lepidolite are observed in all 6 holes drilled on the Jumbo target, with assays pending for the last hole (SD-DH23-038a). Results from Jumbo include 9.54m @ 1.85% Li2O in SD-DH23-037 and 4.02m @ 1.27% Li2O in SD-DH23-035 both at shallow depths.
  • This first programme has been focussed on shallow drilling to help understand the structural controls at San Domingo. These shallow intersections help us interpret what may be present at greater depth similar to what is seen in comparable LCT (Lithium-Caesium-Tantalum) systems in Australia.
  • High-grade intersections of lithium mineralisation have been detected at shallow depths (from surface in some holes) in multiple locations across an area in the Northern Claim block and Central Claim block at San Domingo (see figures 4 and 6).
  • Indications so far, demonstrate the potential for deeper feeder systems as seen in other LCT systems.
  • Based on the success of Phase 1 at the Northern Claim block (see Figure 2) as highlighted by the results noted above, Bradda Head commenced Phase 2 (see Figure 3) at the Central Claim block and a detailed soil survey over its 23km2 land package (see PR dated 21 November 2022).
  • The wider soil survey programme was completed in late February (assays pending) and along with an ongoing structural mapping programme, will be used to more accurately and efficiently define Phase 3 drill programme targets (due to start no later than H2 2023). This will build on the Phase 1 and 2 results and interpretation, and will explore the potential at the c.99% of our claims at San Domingo that remain untested.
  • North American assay laboratories are currently running at capacity and as a consequence turnaround times on assay reporting are excessive, +8 -12 weeks on occasions, as well as being subject to last minute delays and disruption. , Bradda anticipates all drill hole and soil sample results to be received by the end of H1 2023.
  • An initial shallow Open Pit Mining approach therefore seems the logical route to follow, before any deeper workings would be developed.
  • Assay results for the final c.20% of our 47 completed holes are pending and will be reported when received.

Charles FitzRoy, CEO of Bradda Head Lithium, commented:

"These results are highly encouraging and set the scene for what we believe has the potential to define a world class lithium pegmatite district in Arizona, near vital infrastructure and battery end-users within the US and the wider developing North American battery hub. The US is investing US$135bn in its EV and critical minerals supply chain, all Bradda's assets are located in the US for the US market, these results are therefore extremely supportive of our business model. ESG is front and centre in our approach and we are working to develop these assets with as low a carbon footprint as possible.

"This next set of results from this first drill programme at San Domingo highlights further a distinct district scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene. As a result, Bradda is in the process of designing a follow-up drilling programme in H2 of this year aimed at testing additional ground within the much wider 23km2 of lithium pegmatite claims and leases held in Arizona. Funds are already in place for this work, and ongoing exploration work by our geologists suggests that we have only just scratched the surface of what we have at San Domingo with just over 1% of the area tested from this first programme. We look forward to sharing further developments of this exciting project.

"As well as progressing its pegmatite projects, Bradda Head recently announced commencement of drilling at its Basin Project and a 2nd resource update in less than 12 months at its lithium in clay Basin project in Arizona. The drill programme that has just commenced, we believe, will likely lead to further resource growth at our flagship clay asset. With almost 0.4Mt of LCE already in compliant resources Bradda Head now has the largest publicly announced lithium resource in Arizona and 2023 is expected to be yet another resource growth year for the Company.

"The success of our current programmes at our San Domingo Pegmatite district, and also at our Lithium in Clay Basin Project, both located in Arizona, USA, continue to highlight the risk diversification approach followed by Bradda that separates us from many of our peers in the 'Lithium' space."

Figure 1: San Domingo Overview map.

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture


Figure 2: Phase 1 - Northern Claim Block - Midnight Owl area

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture

Figure 3: Phase 2 - Central Claim Block.

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture

Figure 4: Northern Claim Block - Midnight Owl

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture

Figure 5: North Claim Block - Midnight Owl cross-section

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture

Figure 6: Central Claim Block - Jumbo and Lower Jumbo Overview

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Figure 7: Jumbo cross-section

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Figure 8: Lower Jumbo cross-section

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Figure 9: Central Claim Block - North Morningstar Historical drill data

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Figure 10: North Morningstar cross-section A-B using historical drill data

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Figure 11: North Morningstar cross-section C-D using historical drill data

Bradda Head Lithium Limited, Monday, March 27, 2023, Press release picture



Table 1: Next set of San Domingo Phase 1 and 2 drill highlights so far.

Drill Hole

From_m

To_m

Int_m

Li2O %

Target Area

SD-DH22-004

0

3.29

3.29

1.01

Northern Claims

SD-DH22-017

217.44

217.93

0.49

4.95

Northern Claims

SD-DH22-018

3.96

7.32

3.35

2.23

Northern Claims

SD-DH22-019

7.77

10.97

3.20

1.70

Northern Claims

plus

39.01

40.90

1.89

2.89

and

68.58

68.95

0.37

2.77

and

70.16

70.47

0.30

1.54

and

89.43

89.98

0.55

1.13

and

116.89

119.63

2.75

0.67

SD-DH22-021

33.62

34.44

0.82

1.60

Northern Claims

SD-DH22-022

No significant Results

Northern Claims

SD-DH22-023

No significant Results

Northern Claims

SD-DH22-024

Previously Reported

Northern Claims

SD-DH23-025

42.28

46

3.75

2.37

Northern Claims

plus

54.86

55.72

0.85

2.44

and

89.58

90.68

1.10

0.82

and

92.57

93.24

0.67

1.77

SD-DH23-026

No significant values

Northern Claims

SD-DH23-027

No significant values

Northern Claims

SD-DH23-028

No significant values

Northern Claims

Central Claims, DDH Results

SD-DH23-029

No significant values

Central Claims

SD-DH23-030

No significant values

Central Claims

SD-DH23-031

31.39

34.44

3.05

0.12

Central Claims

SD-DH23-032

No significant values

Central Claims

SD-DH23-034

14.23

24.08

9.85

0.86

Central Claims

SD-DH23-035

21.18

25.21

4.02

1.27

Central Claims

SD-DH23-036

8.99

16.34

7.35

0.68

Central Claims

with

8.99

13.78

4.79

0.87

and

30.94

34.14

3.20

1.22

plus

39.93

43.13

3.21

0.75

SD-DH23-037

26.79

29.81

3.02

1.49

Central Claims

with

46.24

55.78

9.54

1.85

and

52.88

55.78

2.90

3.03

SD-DH23-038

23.32

28.50

5.18

0.25

Central Claims

and

39.01

41.85

2.84

0.71

* All drill holes commenced at surface

Background

The Phase 1 and 2 7,000m diamond core drilling programme was designed to test the thesis that San Domingo is similar in structure to other well-known zoned pegmatites. The hundreds of pegmatites at San Domingo are hosted within a 1.6 Ba package of Proterozoic metamorphosed greenstone altered biotite-schists, chlorite-schists, amphibolites, and muscovite-schists. These largely sedimentary host rocks to pegmatites are established as critical to the development of lithium-bearing bodies worldwide.

Following on from SRK's 3D remote mapping of the Company's whole San Domingo claims, and Bradda's geological fieldwork, the Company increased its claims by 75% to cover 23km2 in 2022, thereby strengthening its position in what Bradda believes has the potential to be a world class lithium district[2].

In 2022 Bradda completed a soil sampling survey covering c.11% or just under 3km2 of its 23km2 of pegmatite ground in Arizona, yielding highly prospective follow-up drill targets and a 3km trend on the area covered by the soil sampling (see PR dated 21 November2022) with the same elemental signatures that have been seen at known lithium mineralisation locations globally. The programme is now being expanded to cover the remaining 20km2 not extensively soil sampled, with contractors from Rangefront Geological Services.

The soil geochemistry suggests that the pegmatite swarm is largely of the LCT (lithium-caesium-tantalum) mineralisation type, the most significant for lithium deposits and what is commonly associated with economic occurrences of lithium and tantalum. LCT-type pegmatites are generally found in the Western Australian pegmatite district, like Tianqi and Albemarle's joint-venture Greenbushes lithium mine.

Initial results from the programme were released in February 2023 (see PR dated 06 February 2023) demonstrating the presence of multiple lithium bearing pegmatites. With the best result BHL has intersected 31.85 meters at 1.60%Li2Oin drill hole SD22-024 which includes 3.21 meters at 3.74%Li2O.

Bradda is proactively doing everything commercially possible to sample our entire pegmatite district to ensure follow-up drill programmes hit more high-priority targets and to continue to keep intersecting further lithium bearing pegmatites. Bradda has a 10,000m drill programme planned to start in the second half of 2023, using data from the wider soil sampling, current drilling, SRK pegmatite mapping and the upcoming structural mapping programme.

Previous surface sampling at named outcropping pegmatites in the San Domingo claim blocks returned individual sample grade highlights of:

  • Midnight Owl: 1.44% Li2O
  • Joker: 0.35% Li2O
  • White Ridge: 2.49% Li2O
  • Lower Jumbo: 1.62% Li2O
  • Sunrise: 0.67% Li2O
  • North Morning Star: 0.92% Li2O

For further information please visit the Company's website: www.braddaheadltd.com

Qualified Person (BHL)
Joey Wilkins, B.Sc., P.Geo., is Head of North America at BHL and the Qualified Person who reviewed and approved the technical disclosures in this news release. Mr. Wilkins is a graduate of the University of Arizona with a B.Sc. in Geology with more than 37 years of experience in mineral exploration and is a Qualified Person under the AIM Rules and a Qualified Person as defined under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Core samples were split on site and bagged with sample tracking tags. Samples were shipped by the company directly to SGS Laboratories in Burnaby, B.C., Canada where SGS prepped then analysed all samples using sodium peroxide fusion combined ICP-AES and ICP-MS, method GE_ICM90A50. Certified standards were inserted into the sample stream and reviewed by the QP. Mr. Wilkins consents to the inclusion of the technical information in this release and context in which it appears.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

ENDS

For further information, please contact:

Bradda Head Lithium Limited+44 (0) 1624 639 396
Charlie FitzRoy, CEO
Denham Eke, Finance Director
Beaumont Cornish (Nomad)
James Biddle/Roland Cornish
+44 20 7628 3396
Peterhouse (Joint Broker)+44 207 469 0930
Charles Goodfellow
Duncan Vasey
Lucy Williams
Shard Capital (Joint Broker)+44 207 186 9927
Damon Heath
Isabella Pierre
Red Cloud (North American Broker)+1 416 803 3562
Joe Fars
Tavistock (PR)+ 44 20 7920 3150
Nick Elwes
Adam Baynes
braddahead@tavistock.co.uk

About Bradda Head Lithium Ltd.

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

As previously announced in press release on 16 January 2022, the Basin East Project has 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 for a total of 271 kt LCE. In the rest of the Basin Project SRK has estimated an Exploration Target of between 300 to 1,300 Mt of material grading between 600 to 850 ppm Li which is equivalent to a range of between 1 to 6 Mt LCE.

The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada, and Pennsylvania. All of Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL, on the TSX Ventures exchange with a ticker of BHLI, and on the US OTCQB market with a ticker of BHLIF.

Competent Person SRK

The Mineral Resource statement for the Basin Project was authored by Martin Pittuck, CEng, MIMMM, FGS who works for SRK Consulting (UK) Ltd, an independent mining consultancy. Mr. Pittuck has over 25 years' experience undertaking and reviewing Mineral Resource estimates and has worked on lithium clay estimates for over 5 years. Mr. Pittuck consents to the inclusion of the resources information in this press release and context in which they appear. Martin Pittuck is a Qualified Person as defined under NI 43-101.

Reference is made to the report entitled "Independent technical report on the Basin and Wikieup Lithium clay projects, Arizona, USA" dated October 18, 2022 with an effective date of June 10, 2022 was prepared by Martin Pittuck, CEng, MIMMM, FGS, and Kirsty Reynolds MSci, PhD, FGS and reviewed by Nick Fox MSc, ACA, MIMMM. The Report is available for review on SEDAR (www.sedar.com) and the Company's website www.braddaheadltd.com.

Technical Glossary

Li2O

Lithium Oxide

pegmatite

A pegmatite is an igneous rock showing a very coarse texture, with large interlocking crystals usually greater in size than 1 cm (0.4 in) and sometimes greater than 1 meter (3 ft). Most pegmatites are composed of quartz, feldspar, and mica, having a similar silicic composition to granite. However, rarer intermediate composition and mafic pegmatites are known.

Spodumene

Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2, and is a source of lithium. Spodumene contains 3.73% lithium.

Lepidolite

Lepidolite is a lilac-gray or rose-colored member of the mica group of minerals with chemical formula K(Li,Al)3(Al,Si,Rb)4O10(F,OH)2.[2][3] It is the most abundant lithium-bearing mineral[4] and is a secondary source of this metal. It is the major source of the alkali metal rubidium. Lepidolite contains 3.58% lithium.

The formula to convert lithium in parts per million (PPM) to lithium oxide is to multiply Li ppm times 2.1527, then is reported in percent.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, following: The Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals; political risks; future operating and capital costs, timelines, permit timelines, the market and future price of and demand for lithium, and the ongoing ability to work cooperatively with stakeholders, including the local levels of government; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices; delays in the development of projects, capital and operating costs varying significantly from estimates; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

[1] Core length

[2] See PRs dated 06 February 2023, 21 November 2022, 13 September 2022, 08 August 2022, 18 July 2022, 21 June 2022 and 02 November 2021.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE:Bradda Head Lithium Limited



View source version on accesswire.com:
https://www.accesswire.com/745897/Bradda-Head-Lithium-Ltd-Announces-San-Domingo-Pegmatite-District-Drilling-Results

News Provided by ACCESSWIRE via QuoteMedia

BHLI:CA
The Conversation (0)
Bradda Head Lithium Ltd Announces Delisting from the US OTCQB

Bradda Head Lithium Ltd Announces Delisting from the US OTCQB

Bradda Head Lithium Ltd ("Bradda Head", "BHL" or the "Company") (AIM:BHL)(TSX-V:BHLI) the North America-focused lithium development group, announces that the Company has delisted its shares from trading on the US OTCQB Market, with effect from 1 January 2024, due to share trading liquidity expectations not having been met and cost saving in this current market environment

The Company's shares continue to trade on the London AIM Market and on the Canadian TSX Venture Exchange.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Results of Annual General Meeting

Bradda Head Lithium Ltd Announces Results of Annual General Meeting

Bradda Head Lithium Ltd (AIM:BHL, TSX-V:BHLI, OTCQB:BHLIF), the North America-focused lithium development group, announces that at the AGM held yesterday, all resolutions were passed

The Company is also pleased to provide an update on its operations, which is available on the Company's website at the link below:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Holding in Company

Bradda Head Lithium Ltd Announces Holding in Company

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

VGG154091083

39,739,569

10.17%

SUBTOTAL 8. A

39,739,569

10.17%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expiration
datex

Exercise/
Conversion Period

Physical or cash

Settlement

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)

X

Name

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Electrification and Decarbonization AIE LP

6.03%

6.03%

Li Equities Investments LP

4.15%

4.15%

Waratah Advisors GP I Limited

0%

N/A

0%

Waratah Capital Advisors Ltd.

0%

N/A

0%

2401261 Ontario Inc.

0%

N/A

0%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional information

Waratah Advisors GP I Limited is the general partner of Electrification and Decarbonization AIE LP and Li Equities Investments LP and has delegated investment management to Waratah Capital Advisors Ltd. ("Waratah"), which is a wholly owned subsidiary of 2401261 Ontario Inc.

Holdings in items 7 and 8 of this document are consolidated for both Electrification and Decarbonization AIE LP and Li Equities Investments LP. Please refer to item 9 for a breakdown of holdings by entity.

As of November 20, 2023, Electrification and Decarbonization AIE LP and Li Equities Investments LP own 23,535,515 and 16,204,054 shares, respectively, representing a total percentage ownership of 10.17% based on 390,609,400 issued and outstanding shares.

This notification is being made pursuant to Regulation 25.3 of the issuer's articles of association and pursuant to DTR5.

Place of completion

Toronto, Canada

Date of completion

21/11/2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Bradda Head Lithium Limited



View source version on accesswire.com:
https://www.accesswire.com/808429/bradda-head-lithium-ltd-announces-holdings-in-company

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd - Replacement: San Domingo Update

Bradda Head Lithium Ltd - Replacement: San Domingo Update

THIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT " PHASE 2 DRILLING IDENTIFIES NEW LITHIUM-BEARING PEGMATITE ZONES AT SAN DOMINGO" OF 13 NOVEMBER 2023.

· In figure 3: Bolt cross-section and drill hole SD-DH23-057, looking northwest - one of the captions in the image read 5.27m at 5.27%, but should read 5.27m at 0.51%.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Positive San Domingo Metallurgical Results

Bradda Head Lithium Ltd Announces Positive San Domingo Metallurgical Results

Positive preliminary metallurgical results on samples from Jumbo Spodumene Pegmatite target at San Domingo Pegmatite District, Arizona

Bradda Head Lithium Ltd (AIM:BHL)(TSX-V:BHLI)(OTCQB:BHLIF), the North America-focused lithium development group, is pleased to announce positive metallurgical heavy liquid separation ("HLS") results from test work undertaken by the SGS Metallurgical Process Facility in Lakefield, Canada ("SGS Canada") on quartered drill core samples taken from its Jumbo Exploration Target at San Domingo District, Arizona, USA

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Argentina Lithium Announces Positive Lithium Values in the 12th Exploration Well at the Rincon West Project

Argentina Lithium Announces Positive Lithium Values in the 12th Exploration Well at the Rincon West Project

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") reports positive results from the twelfth exploration hole at its Rincon West Project in Salta Province Argentina . Brine samples collected over a 165 metre interval of RW-DDH-012 ranged from 322 to 371 mgl lithium.

Argentina Lithium & Energy Logo (CNW Group/Argentina Lithium & Energy Corp.)

"Our ongoing drilling continues to evaluate the Rinconcita II concession that extends from our original claims, eastwards over the salt flat towards the neighboring Rio Tinto concessions. Our twelfth hole demonstrates a long interval of impressive lithium values in porous host lithologies. Thus far, our drilling at Rincon West demonstrates a continuous aquifer of concentrated lithium brines over an extensive basin." stated Miles Rideout , V.P. of Exploration.

The results including sampling method, the sample interval data, and the brine analyses for RW-DDH-012 are shown in Table 1. Drill collar information is presented in Table 2. An extensive selection of core samples has been sent to an independent laboratory for brine recovery testing; results are pending.

The Rincon West Project covers 5198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project. Drill hole RW-DDH-012 represents the third exploration hole of the 6-hole program planned for the Rinconcita II property, announced in the Company's October 19, 2023 News Release. The Company is currently completing the access to the next drill platform (RW-DDH-013), representing a further 1000 m step towards the northeast corner of the property block.

Figure 1 presents a map of the western (main) block of the Rincon West project showing the positions of the twelve completed exploration holes (see News Releases dated July 13, 2022 , October 3, 2022 , October 25, 2022 , January 26, 2023 , April 24, 2023 , May 31, 2023 and January 22, 2024 ). The drill locations are overlain on the conductive zones (shaded yellow) delineated by two geophysics campaigns (see News Releases dated May 2, 2022 and October 19, 2023 ).

Table 1: Interval data and results of brine analyses for lithium, potassium, and magnesium for drill hole RW-DDH-01 2*

Sample Interval (m)

Sample
Method

Li

K

Mg

Density

From

To

Thickness

(mg/litre)

(g/ml)

RW-DDH-012






48.5

51.5

3.0

Single packer

337

6284

3062

1.201

54.5

57.5

3.0

Single packer

345

6667

3116

1.204

60.5

63.5

3.0

Single packer

355

6884

3143

1.207

66.5

69.5

3.0

Single packer

365

7230

3169

1.212

78.5

81.5

3.0

Single packer

363

7210

3208

1.216

96.5

99.5

3.0

Single packer

329

7087

2764

1.218

102.5

105.5

3.0

Single packer

339

7262

2867

1.218

108.5

111.5

3.0

Single packer

356

7483

3034

1.216

120.5

123.5

3.0

Single packer

347

7202

2971

1.215

126.5

129.5

3.0

Single packer

366

7260

3184

1.212

132.5

135.5

3.0

Single packer

352

7152

3067

1.213

138.5

141.5

3.0

Single packer

371

7451

3298

1.214

144.5

147.5

3.0

Single packer

356

7192

3157

1.216

156.5

159.5

3.0

Single packer

345

7054

3091

1.219

162.5

165.5

3.0

Single packer

335

6858

2998

1.219

168.5

171.5

3.0

Single packer

315

6679

2827

1.22

174.5

177.5

3.0

Single packer

324

6696

2893

1.219

180.5

183.5

3.0

Single packer

327

6694

2914

1.218

186.5

189.5

3.0

Single packer

323

6685

2874

1.217

192.5

195.5

3.0

Single packer

324

6744

2897

1.218

198.5

201.5

3.0

Single packer

324

6718

2860

1.217

204.5

207.5

3.0

Single packer

322

6697

2827

1.217

210.5

213.5

3.0

Single packer

324

6717

2834

1.217

*The drill hole was inclined vertically; the brine hosting strata are believed to be flat lying resulting in reported intervals approximating true thickness.

Drilling Methodology

RW-DDH-012 was executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations and the recovery of brine samples where possible.

Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium's geologists.

Table 2: Collar and maximum depth information for RW-DDH-012

Hole ID

East

North

Elevation

Azimuth

Dip

Depth


UTM Zone 19S (WGS84)

(m)

(deg.)

(deg.)

(m)

RW-DDH-012

684144

7337989

3722

n/a

90

339.0

LIT's preferred method for brine sampling deploys a 'single packer' sampling unit during drilling. The packer sampling method allows the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval. For single packer sampling, an inflatable seal closes the top of the interval; the lower limit of drilling represents the bottom of the interval.

Geophysical profiling and lining the hole with 2" diameter PVC filters have been completed. All core samples recovered in drilling were retained for geologic logging.

Observations regarding RW-DDH-012

RW-DDH-012 extends drilling eastwards from previous holes over the Rincon salt flat. The hole was completed to 339.5 m depth and a total 23 brine samples extracted using the single packer method were submitted for analysis.

Samples collected between 48.5 m depth and 213.5 m depth (the deepest sample) ranged from 322 to 371 mg/l lithium. Over this 165 m interval, 23 single packer brine samples were collected from discrete 3 m intervals, totalling 69.0 m of sampling, which represents 41.8% of the total interval.

From surface to 20 m depth, gravels with a sandy-clayey matrix were drilled. Dacite was recovered from 20.0 to 22.9 m , whereupon the drill crossed coarse gray-brown sand, to 52.3 m . Fine black sands were then sampled to 106.5 m depth, followed by reddish clayey sand to 122 m . The drill sampled fine black sands to 129.5, followed by coarse red sand to 135.5 m , then medium brown sand to 144.5 m . Breccia with grey sandy matrix was crossed to 151.0, with clasts of andesite and other compositions. Fine reddish and gray sands were then drilled to 177.4 m , where sulphates were encountered, extending to 178.2 m . Brown, medium-grained sand was then drilled to 180.5, followed by breccia to 185.5 m . Between 185.5 m and 201.4 m , the drill sampled andesitic porphyry with veinlets. From 201.4 to 339.5 m , the drill sampled a sequence of volcanic units (porphyries, breccias and ignimbrites, among others) characterised by the presence of fractures and carbonate or quartz veinlets. Brine sampling in these relatively competent basement units proved unproductive below the initial weathered zone.

Analyses and QA/QC

Samples of brine were submitted for analysis to Alex Stewart International Argentina S.A. ("Alex Stewart"), the local subsidiary of Alex Stewart International, an ISO 9001:2017 certified laboratory, with ISO 17025:2017 certification for the analysis of lithium, potassium and other elements. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including boron, calcium, potassium, lithium, and magnesium. Measurements in the field included pH, electrical conductivity, temperature and density.

The quality of sample analytical results was controlled and assessed with a protocol of blank, duplicate and reference standard samples included within the sample sequences. For hole RW-DDH-012 the lot contained one blank and two duplicate samples, which all reported within the acceptable range. Single low-grade, medium-grade and high-grade reference standard samples (3 standards in total) were included within the submitted sample suite. The low-grade reference standard analysed higher than 3 standard deviations (SD) of best value, with 8.6 relative percent difference (RPD); the medium-grade reference standard analysed below 3 SD of best value, with 4.9 RPD; the high-grade reference standard analysed below 3 SD of the best value; with 2.9 RPD.

Qualified Person

Frits Reidel , CPG is a Qualified Person as defined in National Instrument 43-101, is the Principal of Atacama Water Consultants, and is independent of Argentina Lithium. Mr. Reidel has reviewed the work carried out by the Company's exploration team at the early-stage Rincon West property. The disclosure in this news release has been reviewed and approved by Mr. Reidel.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's recent strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina . Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the state of financial markets in Canada and other jurisdictions; the Company's ability to meet its working capital needs; fluctuations in metal prices; operations in foreign countries and the compliance with foreign laws; environmental regulations or hazards and compliance with regulations associated with mining activities; climate change and climate change regulations; fluctuations in foreign currency exchange rates; failure to obtain or delays in obtaining necessary governmental and regulatory approvals; labour disputes and other risks generally in the mining industry. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-announces-positive-lithium-values-in-the-12th-exploration-well-at-the-rincon-west-project-302125564.html

SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/24/c3920.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or Company) reports that the Feasibility Study on the Company's Clayton Valley Lithium Project (Project), in Nevada, USA under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently.

Century Lithium Provides Update on the Feasibility Study (CNW Group/Century Lithium Corp.)

To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant.

The Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been essential to the Feasibility Study. Century Lithium continues to work toward permitting the Project including the collection of baseline data collection for biology, surface and groundwater hydrology, and social impacts. Earlier this year, baseline reports were submitted by the Company's consultants and were accepted by the appropriate government agencies. Multiple reports have been completed which will aide in the preparation of a Plan of Operations to initiate the National Environmental Policy Act (NEPA) process.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/century-lithium-provides-update-on-the-feasibility-study-302121633.html

SOURCE Century Lithium Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/19/c7578.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Victory Battery Metals Corp. Options Kachiwiss Uranium Project and Other Uranium Anomalies

Victory Battery Metals Corp. Options Kachiwiss Uranium Project and Other Uranium Anomalies

Victory Battery Metals CORP. (CSE:VR)(OTC PINK:VRCFF)(FWB:VR6) is pleased to announce that it has entered into an option agreement dated April 11, 2024 to acquire 100% interest in four claim groupings in the Sept Iles region of Quebec. These claims are being optioned from GLOBEX MINING ENTERPRISES INC. (GMX - Toronto Stock Exchange, G1MN - Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchangesand GLBXF - OTCQX International in the US). Under terms of the agreement Victory will pay to Globex $400,000 in cash and 1,500,000 Victory shares over 3 years. In addition, Victory commits to execute a work program of a minimum of $3,000,000 on the claims over a 4-year period

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Victory Announces Private Placements

Victory Announces Private Placements

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Victory Battery Metals Corp. (CSE:VR)(FRA:VR6) (OTC PINK:VRCFF) ("Victory" or the "Company") announces today that it will undertake a non-brokered private placement of up to $500,000 by the issuance of 10,000,000 units at $0.05, each unit consisting of one share and one half a warrant. Each whole warrant entitles the holder to additional share for 2 years at a price of $0.10

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Edison Lithium Expands Portfolio with Acquisition of Additional Sodium Brine Claim in Saskatchewan

Edison Lithium Expands Portfolio with Acquisition of Additional Sodium Brine Claim in Saskatchewan

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison", "Edison Lithium" or the "Company") announces that it has entered into an asset purchase agreement (the "Agreement") with Globex Mining Enterprises Inc. ("Globex") dated the 8th day of April, 2024, pursuant to which the Company shall acquire from Globex the rights to alkali disposition A-4593 (see Figure 1) located in Whiteshore Lake in the Province of Saskatchewan (the "Alkali Disposition").

Edison's recent acquisitions of sodium brine claims is driven by interest in Sodium-Ion battery formulations. For information on Sodium-Ion batteries, visit www.sodiumbatteryhub.com.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GMV Minerals Inc. Closes Second Tranche Non-Brokered Financing

GMV Minerals Inc. Closes Second Tranche Non-Brokered Financing

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement. The second tranche raised gross proceeds of $80,250 from the issuance of 535,000 units (the "Units") at a price of $0.15 per Unit. The total private placement raised $301,350 in gross proceeds with the issuance of 2,009,000 Units

Each Unit consists of one common share of the Company (a "Common Share") and one half of one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 for a period of twelve months from the date issuance.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×