Bradda Head Lithium to maintain pace over rest of year

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Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said the pace of development of its assets in Arizona will continue throughout the second half of the year.

In the first six months, Bradda Head completed initial drilling at the San Domingo pegmatite asset with a second programme getting underway in the second quarter.

A fourth drill programme at the Basin lithium in clay project also commenced during March, with the results to be fed into an upgraded Mineral Resource Estimate anticipated in mid-September 2023.

Losses in the three months to end May 2023 were US$1.08 million (US$3.89 million).

Earlier this week, Bradda Head announced chief executive Charles Fitzroy was standing down to be replaced by Ian Stalker, who becomes executive chairman until a replacement is found.