Bradda Head Lithium intersects 31.8 Metres at 1.07% Li₂O at Whistlejacket

but we got 32 m effectively, 32 m grading 1.1% Li2O, which is up there with anything in the world.

All right, welcome back inside our Proactive News Room and joining me now is Ian Stalker. He's the executive chairman of Bradda Head Lithium and Ian, it's great to see you again. How are you?

I'm doing very well. Thank you, Stephen. Good to see you as well.

Yeah, so uh a lot of things to talk about and it's very busy at the company. First off, um you've had some some assay results back at Whistlejacket. So let's remind everyone a little bit about the project itself and and what's going on and more importantly, these really strong results.

No, look it's very important people understand what these results mean in the bigger picture. And you're quite right. So let's start with the who we are and where we are and who we're working with. So we are in the USA uh as but ahead we've been there since inception of the company. Um and we're working in the states of Arizona and Nevada. The project that we focused on is a hard rock lithium project known as Whistlejacket, which indeed is a joint venture between ourselves and a relatively well-known mining company called RTZ, one of the world's largest mining companies uh worldwide. Uh so a terrific partner to have. They asked us to join them in their efforts at Whistlejacket. um just over a year ago. We consummated the deal around about March this year. Um we got our permits in place and we got some money raised in the early part of the summer. and we commenced a drilling program to fulfill our commitment, which in year one was an expenditure of $750,000 to earn into this project and indeed we've actually passed that number now in terms of earning, um but we continue to drill. The drilling program has been going very well. um and what we've identified and put in the public domain so far, Steve, is that we are on hole four, I think is what we put out. We're now on hole six, maybe even about to start hole seven. The intersections that we've seen visually were quite significant in terms of thickness and confirmed what we expected, which was that the previous work done by RTZ, the discovery that they had is indeed real and uh we will build on that discovery. The we are completing this drilling program, which will allow us to move into, I believe uh 43101 compliant resource early in 2027, which is just around the corner as you know. And that then like all good mining projects leads on to a study and we are still targeting operational demand by the end of 2027. So to complement that what we put out earlier this week were the assay results we get back in the first hole. And quite simply, it was an outstanding number. Um we knew the thickness, that was confirmed, but we got 32 m effectively, 32 m grading 1.1% Li2O, which is up there with anything in the world. But the fact that it's in the USA, the fact that we now have a, not only a discovery but we have a known lithium quantity in the ground that can lead to a lithium concentrate, a sellable lithium concentrate uh for the battery manufacturers, etcetera worldwide, but particularly in the USA. and the fact we're in the USA Steve means that we really are on heading towards the home run right now. It was just that level of confirmation. and it's important people grasp that. we are developing the resource, heading towards a 43101 I believe by the uh end of the first quarter if not before next year. We are moving into a study phase, drama dramatically chasing the operational need we're in the USA. and as everyone knows, the USA wants its own supply of critical metals which I hope to do. So we found it now come and get it the USA is the state.

Yeah, I mean the talk in in in the last year, year and a bit has always been about that that uh important supply for the United States, but really for North America. I mean that's the the key to this is keeping things, you know, within the the boundaries of North America and not relying so much on on on countries where we don't want to get things from.

Correct. That's exactly right. I mean, they've become somewhat parochial over in the USA as we all know. Um and that won't stay forever, but while the the the signs are good, we should run hard with what we've got, Stephen.

Okay. Let's talk about uh some more news. a recent acquisition, um which is another significant milestone for the company as well. So tell me a little bit about what's going on there.

All right. So we were fortunate enough to get an exceptional uh acquisition done in Tanzania. It's a neck of the woods that I have some background in. Uh it was uranium licenses that we picked up a significant exploration property set up properties equivalent to 1,400 square kilometers in terms of total land package. But interestingly enough, a package that already has a uranium resource on it, a 43101 compliant resource. Uh and that's a big step. And why why I mention it's a big step is obviously in that part of Southern Africa, um sitting relatively close to us, not immediately against us, but is uh the country of Namibia. We are on the east coast, they are on the west coast, but Namibia has a history of uranium mining going back many, many decades again to to Rio who were working down there and still work down there on a project called Rosinc. Um but if you look at the grades that people are mining and intending to mine in Namibia and you compare that with the grade I have in the Tanzanian licenses, we're almost 60, maybe even 100% higher. So where they might be looking at 140 PPM, we're looking at 280. Um the other interesting thing uh for us in terms of the opportunity that's come our way, and we believe it's synergistic with the lithium story, you know, it's both if you like new metals for the new power situation in the world today. And everybody needs and wants their own power. It's not just about critical minerals, it's about critical power uh with all the build out that's going on and in the various demands from AI, etcetera. But sitting next to us, and just to get back to the theme, sitting next to us in Tanzania is a mine uh mine being developed right now as we speak, a very large mine, had a historic resource that was sold way back in 2010 before the Fukushima scenario and the guys who own it have been told to get moving by the government of Tanzania and they followed that advice and they've been looking to start mining um in the last 12 months. and in fact they are significant infrastructure going in, which means for me, next time round, it's a lot easier to go and do a little bit fast exploration work and add to my resource number. And so altogether we've got an opportunity in that part of Africa, known for its uranium, adjacent to and a mine being built uh in the current circumstances, better grade than our southern neighbors next door, which is always a bonus, great as king as you probably heard 101 people talk about. Um and so we're we're keen to get going. So I think for Brada, if people have the time before Christmas to think about this, it's a heck of an investment story right now because I don't believe in my mind anyway, we've got the uranium story out yet and I don't think people have fully absorbed that our joint venture partner is Rio. It's not a Mickey Mouse company. It's a well known, well established company. they thought enough of us to say, come in and work with us. And we are now developing the preliminary made in resource in our lithium statement in um Arizona. We've other lithium properties as we've talked about in the past, but we'll we'll pass on them for the moment. We're focused on the hard rock and that and our San Domingo project sitting adjacent to Whistle jacket gives us a great opportunity going forward because America does want its own lithium and the world does need nuclear power. So I, I think we've got a nice little package in our hands Steve sitting in Bradahead.

There you go. Well, well said for sure. Ian, thank you so much. Good to see you again and uh we look forward to our next conversation. All right?

That would be great. Thanks, Stephen. Go well.

All right, you as well. There's Ian Stalker, executive chairman of Brad Ahead Lithium.