(NewsDirect)
Bradda Head Lithium executive chairman IanStalker joined Proactive's Stephen Gunnion with details of thelatest drilling campaign at the San Domingo (SD) district in Arizona.
Stalker said the campaign unveiledhigh-grade lithium intersections, notably in the Morningstar Southtarget, 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 23square kilometres, features lithium in core spodumene form, which isnotably easier and more efficient to recover. The shallow depth ofthese lithium deposits suggests potential for open-pit mining, a morecost-effective approach than deep mining. This aspect aligns with thecompany's strategy to minimize exploration costs in a tough marketenvironment.
To navigate theturbulent lithium market, Bradda Head Lithium has streamlinedcorporate costs, including staff reductions, to maintain financialstability without compromising project efficiency. This strategic movepositions the company advantageously for upcoming marketchanges.
Stalker anticipates a"third wave" in the lithium market, driven by the ongoingdemand for electric vehicles.
Bradda Head Lithium is nowfocusing on converting its findings into resources, with additionaldrilling and metallurgical testing planned. The company'sdiversified portfolio, including lithium in clays and oil brines,further strengthens its market position. ?
ContactDetails
Proactive UK Ltd
Proactive UKLtd
+44 20 7989 0813
Copyright (c) 2024 TheNewswire - All rights reserved.