Bradda Head float on AIM
July 2021
Bradda Head Holdings is focused on appraising and developing lithium mining projects within North America and currently has interests in a variety of projects in the United States.
The Directors view the Company’s chosen jurisdictions as being favourable to mining, due to their relatively low political risk (Nevada is ranked No.1 and Arizona is No.2 on the Fraser Mining Index for investment attractiveness), low geological risk, access to infrastructure and clear access to market.
The Group’s more advanced projects are located in Western and Central Arizona in the US. One of these key projects, the Burro Creek East lithium project in Western Arizona, has been the subject of an Inferred Mineral Resource prepared by SRK in accordance with the JORC Code of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm lithium for 185 Kt lithium carbonate equivalent (LCE) and at an average grade of 3.3 per cent. potassium for 1.4 Mt contained potassium using a cut-off grade of 300 ppm lithium. The entire interest in the Burro Creek East Project also has additional exploration potential for extensions containing 50,000 to 300,000 tonnes of lithium carbonate equivalent.
Admission to Trading on AIM
On 19th July 2021, admission and dealings commenced by way of a Placing of 112,727,273 New Shares at 5.5 pence per Share which raised £6.2 million before expenses.
The Perivan shareholder communications team were delighted to work with Beaumont Cornish who were appointed Nominated Adviser on the successful publication of the 268-page admission document.
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