Bradda Head Lithium
Primary ticker: AIM:BHL
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Basin Project and San Domingo Project
Project location: Arizona, USA
Website: www.braddaheadltd.com
Bradda Head Lithium is a diversified lithium explorer boasting a unique diversified lithium offering as a junior miner, including all three main recognised lithium deposit types hard rock (or pegmatite) sedimentary (or clay) and brine – both traditional and oil. These projects, situated in Arizona , Nevada , Arkansas and Pennsylvania in the USA, are strategically located to access and serve high-value lithium end user markets, particularly as the U.S. seeks to secure a domestic supply of the critical mineral. The demonstrable uptick in interest in the lithium sector within the US in recent months, including increased activity in the oil brine environment and a recent lucrative investment into a certain lithium resource in Nevada, is a testament to the future prospects of this market. With an accomplished and globally experienced leadership team, Bradda Head holds 100% ownership of all projects which are targeted to help fill the low-carbon lithium supply gap, leveraging proximity to established infrastructure and end users.
With US$2 million cash reserves and entirely debt free, Bradda Head has established solid foundations as a junior miner to continue progressing its highly prospective assets.
Cash: USD 1M
Debt: NIL
Major shareholders:
Jim Mellon – 18.71%
Zenith – 11.25%
Management Ownership – 19.73%
Financials
Management Profile
Ian Stalker – Executive Chairman
Bradda Head Lithium’s Executive Chairman Ian Stalker’s an esteemed mining executive with unparalleled hands-on experience in resource development, stemming from his 45-year career in the mining industry. Mr Stalker has directed over twelve major mining projects, ranging from initial exploration drilling to start-up across the globe, acquiring international accreditations and experience relevant to Bradda Head’s portfolio. Most recently, Mr Stalker was President and Chief Executive Officer of LSC Lithium Corp, a TSX Venture Exchange quoted company, whose development Mr Stalker pioneered before being sold to Pluspetrol Resources Corporation B.V. for approximately C$111 million in March 2019. Mr Stalker was also CEO and Chairman of PLU (TXS-V) a Peru-based lithium and uranium development company. Before that, Ian was CEO of UraMin Inc. from 2005 until its acquisition by Areva S.A. in 2007 for US$2.5 billion. Prior to joining UraMin, he was Vice President of Gold Fields Ltd, the fourth largest gold producer in the world at the time. As evidenced, Mr Stalker’s experience across a wide range of commodities including gold, base metal, uranium and industrial minerals, has contributed to a rich understanding of global commodity markets and trading.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
28 September – Significant Mineral Resource Expansion at the Basin Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
– Finalize and obtain drill permits, then procure a drilling contractor for the next phase of an exploration and expansion drilling campaign on our San Domingo pegmatite project. which we believe will provide us with sufficient data to develop a 43-101 compliant resource on not only one but potentially several pegmatite bodies. Examine the implementation of further metallurgical studies on bulk spodumene samples, fine tune our knowledge of a potential end-product. Continue working with the BLM for approval of the Basin West EA drilling permit and examine metallurgical studies on the high-grade portion of the Basin lithium in clay resource. Advance exploration efforts on our Nevada brines (and oil-field brines) and implement low-cost studies, research, and exploration methods to increase value.
6 Months:
– Continue development and growth at San Domingo, in pursuit of a 43-101 compliant resource which will form the early basis of a PEA. Leverage off nearby sand and gravel operations as potential crushing/sorting facilities to ultimately produce spodumene concentrate at a small scale. Gain better understanding of other critical metals at San Domingo such as cesium and tantalum, potentially significant by-products actively sought after by the DOE and DOD. Work with stakeholders to advance their participation in our activities and educate on low-impact nature of both exploration and small-scale mining operations, particularly in pegmatites.
Bring forward Basin West EA permit, look for avenues to significantly expand on current LCE resource and build knowledge of lithium extraction from the clays. Work with stakeholders to garner trust and education on low-impact exploration initiatives.
Should the budget allow, conduct additional ground geophysics (MT) on our Nevada brine targets, conduct scoping and drill budget for potential brine testing.
12 Months:
– Change the complexion of San Domingo from an exploration project to potentially a near-term producer through the development of a commercial spodumene product, cement potential avenues for nearby crushing/sorting, fast-track permitting with BLM and State of Arizona, seek IRA funding.
Continue low-cost exploration and build knowledge of our clay and brine targets, drill-test the best targets at Basin West, potentially drill-test Wickieup clay targets, permitting will be straight-forward with BLM.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Our experienced management team is well acquainted with some of the difficulties facing the Company at present, including local stakeholder sentiment to mining. Through consistent and open engagement with the communities adjacent to our operations, we are able to implement social initiatives that have a meaningful impact for local stakeholders. This has steered our operations to ensure we strategise for minimum water usage and maximum water conservation. This, combined with the local employment and local procurement opportunities our operations will bring, reassures those in close proximity to our operations that our projects will benefit local communities. –
Investor Sentiment to small cap stocks is not a new theme in the mining sector. However, we differentiate ourselves from other junior mining companies not only through our unique diversified lithium offering, but also through our funding strategy. The success of this strategy means we have cash in the treasury, and do not need to return to the market for funding.
What do you think makes your company such a compelling investment?
Bradda Head Lithium has a truly diversified lithium offering, with three types of lithium deposits; clays, pegmatites and brines (both traditional and oil brines), more than any other lithium explorer, being developed in parallel. The Company is well funded, a notable achievement as a junior, and strategically positioned geographically to take advantage of the determined efforts of U.S. to develop a domestic lithium supply chain.
What are the top 3 key investor takeaways?
1.Significant mineral resource expansion at the Basin Project, unlocking funding of US$ 3 million from a Royalty Financing agreement with the LRC, with potential to expand the mineral resource further
2. Drilling at San Domingo, with clear potential for a mineral resource or exploration target expected in the next few months.
3. The company is well funded and optimally positioned due to proximity to rapidly growing U.S. domestic lithium markets.