Bradda Head Lithium highlights high-grade intersections from drilling at San Domingo district
London, UK
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February 06, 2024 03:11 AM Eastern Standard Time
Bradda Head Lithium executive chairman Ian Stalker joined Proactive's Stephen Gunnion with details of the latest drilling campaign at the San Domingo (SD) district in Arizona.
Stalker said the campaign unveiled high-grade lithium intersections, notably in the Morningstar South target, with lithium grades reaching 3-4% over substantial meterage. He emphasized the strategic significance of these findings, particularly considering the current challenging lithium market.
The San Domingo district, spanning 23 square kilometres, features lithium in core spodumene form, which is notably easier and more efficient to recover. The shallow depth of these lithium deposits suggests potential for open-pit mining, a more cost-effective approach than deep mining. This aspect aligns with the company's strategy to minimize exploration costs in a tough market environment.
To navigate the turbulent lithium market, Bradda Head Lithium has streamlined corporate costs, including staff reductions, to maintain financial stability without compromising project efficiency. This strategic move positions the company advantageously for upcoming market changes.
Stalker anticipates a "third wave" in the lithium market, driven by the ongoing demand for electric vehicles.
Bradda Head Lithium is now focusing on converting its findings into resources, with additional drilling and metallurgical testing planned. The company's diversified portfolio, including lithium in clays and oil brines, further strengthens its market position.
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