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Bradda Head Lithium Ltd (BHLIF) is a North America-focused lithium development group with interests in projects in Central and Western Arizona, including the Basin Project and the Wikieup Project. The company has recently mobilized drilling equipment at the Basin Project to expand its lithium resource estimate, targeting a minimum of 2.5 million tons of Lithium Carbonate Equivalent (LCE). The drilling program aims to triple the current Inferred and Indicated Mineral Resource Estimate (MRE) and trigger a US$3 million royalty payment from Lithium Royalty Company (LRC). The successful completion of this program will position Bradda Head well in the softened lithium market for the remainder of 2024.
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