Bradda Head Lithium Limited (GB:BHL) has released an update.
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Bradda Head Lithium Ltd. has announced a significant expansion of its Mineral Resource Estimate at the Basin Project in Arizona, now reporting 99kt of lithium carbonate equivalent in the Measured category and substantial quantities in the Indicated and Inferred categories. The new findings have triggered a $3 million payment from the Lithium Royalty Company under a Royalty Agreement, bolstering Bradda Head’s funding for future drilling plans. The company’s updated resource expansion showcases the potential for high-grade lithium deposits, with the area still open for further exploration.
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