Bradda Head’s sedimentary assets have distinctly different geology, but with district wide capability. Exploration drilling in 2024 nearly tripled the clay resource at Basin from 1.08 to 2.81MT lithium carbonate equivalent (LCE) and remains open in several directions.

Geophysical studies such as gravity and GPR have been carried out over the majority of the Basin claim package enabling more targeted drilling and expanding knowledge of depth potential.

The overall sedimentary land package over the Basin project covers an area of c.20km² and we are well funded to continue resource expansion drilling. Drilling to date has produced four mineral resource estimate (MRE) technical reports by SRK Consulting UK and ABH Engineering Inc, which ties into the agreement entered into with Lithium Royalty Corporation (LRC) in December 2021.

Royalty Agreement with Lithium Royalty Corporation

The agreement with LRC provides for a 2% gross overriding royalty (GOR) over the Company’s sedimentary claims. The total value of the royalty is $8 million and will be paid to Bradda Head at 3 predetermined milestones;