Bradda Head Lithium Ltd - BHL - Share chat

Please add bradda head

This company is a lithium exploration group focused on developing projects in the USA.

sounds like good news this year so far

RNS 12/1/22

Phase 1 of the Company’s Metallurgical Test-work Programme Highlights Positive Pre-Concentration Upgrading and 99% Lithium (Li) Extraction from Low Temp Acid Leach Approach

Bradda Head Lithium Ltd (AIM: BHL), the North America-focused lithium development group, is pleased to announce positive results from its preliminary metallurgical test-work programme that it has completed with SGS Canada (“SGS”), the well-known and respected international metallurgical test-work laboratory, on samples from its 100%-owned Burro Creek East lithium deposit. Burro Creek East already has a JORC compliant resource identified, and an updated resource is expected in Q1 2022.


• The results have shown that it is possible to upgrade the Li content in the proposed feed fraction by approximately 15%, by selecting only the -11micron size fraction.

· Impressive acid leach results indicate a 99% lithium extraction to solution within 1-hour utilising a 90 degrees Centigrade, sulphuric acid leach at atmospheric pressure approach.

· Significantly, only low levels of accessory minerals were extracted (levels of Al, Fe, K and Na) during the leaching step.

· The above results highlight an opportunity to lower potential process plant Opex and Capex costs and compares favourably with other previous results on extracting lithium from claystone mineralisation.

· The Company’s primary aim is to develop a suitable process flowsheet with a minimum carbon footprint, whereby the target processing cost of Li extraction is less than US$4,000/t LCE (Lithium Carbonate Equivalent), allowing it to be competitive in a more challenging Lithium Carbonate pricing environment. Current spot prices are over US$40,000/t.

· Bradda is continuing its metallurgical process test-work to potentially further upgrade Li contents in Li clay using mini-cyclone for classification, and froth flotation.

· Following on from above, more detailed metallurgical test-work will be undertaken to produce battery-grade Lithium Carbonate Equivalent (LCE).

· During the ongoing test-work programme Bradda is also considering the recovery of co-products from the feed material. The potential recovery of co-products may add substantially to the cash flow of the company and differentiates Bradda from other developers in this field.

Can’t believe this is still flying under the radar…
It’s still early days for this lithium explorer, but the fundamentals here are significant:

  • licences in both Nevada and Arizona (top mining jurisdictions globally) near Tesla’s gigafactory and well placed being in the US given the focus on critical metals by the Biden administration.
  • exploring for all 3 types of lithium deposit giving diversity within the portfolio whilst remaining a lithium pure play.
  • having already released an updated MRE for one of their clay assets, BHL will have drilled and produced MREs for the majority of their licenses by the end of this year.
  • they’re recently had a placing which raised £10m (4x oversubscribed) which means they’re fully funded to explore all licenses over the next couple of years.
  • management own 22% of BHL with billionaire investor Jim Mellon the largest shareholder (he started the company).

If the resource they prove up is anything like deposits owned by Liontown, LAC, LKE, in a tier one mining jurisdiction, the future value of Bradda could be multiples of the existing £51m mcap.

The April investor presentation is a great place to start and highlights the huge potential for this company:

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