Mr. Ian Stalker reports

BRADDA HEAD LITHIUM LTD ANNOUNCES POSITIVE SAN DOMINGO METALLURGICAL RESULTS

Bradda Head Lithium Ltd. has released positive metallurgical heavy liquid separation (HLS) results from test work undertaken by the SGS metallurgical process facility in Lakefield, Canada (SGS Canada), on quartered drill core samples taken from its Jumbo exploration target at San Domingo district, Arizona, United States.

Overview:

• Three composite samples were selected for test work, representing the low-grade, medium-grade and high-grade environment reflected in the maiden 2022/2023 exploration program previously reported from drilling undertaken at the Jumbo target in the San Domingo pegmatite district in Arizona.
• After discussion with SGS Canada, an initial HLS test was undertaken to evaluate the potential for dense media separation (DMS) to produce a sellable lithium oxide (Li2O) concentrate product. This test work is predominantly preliminary in its approach. The measured head grade of the samples were 3.05 per cent Li2O, 1.03 per cent Li2O and 0.34 per cent Li2O, reflecting the high-, medium- and low-grade range seen in the company's drilling results to date.
• Despite the preliminary nature of this test work program, it was highly encouraging to see the medium-grade sample produce an in spec lithium oxide concentrate product with a 6 per cent Li2O grade and an interpolated recovery of contained lithium to the concentrate of 50.3 per cent, at a one-fourth-inch crush size. Tailings rejection was considered efficient in this scenario with the rejection of 60.6 per cent mass and a loss of only 2.1 per cent lithium.
• Alternately, at a crush size of three-eighth inch (9.5 millimetres), a concentrate was produced with a grade of 5.5 per cent Li2O at a 55.5-per-cent recovery of contained lithium oxide. This is still considered in spec in the current market. In spec Li concentrate currently sells in the lithium oxide spot market for approximately $2,100 (U.S.)/tonne.
• Using the medium-grade sample, the flotation feed, a combination of middling product from the HLS testing at a crush size of one-fourth inch and undersized fraction (minus 0.85 mm), recorded an upgraded value of 1.57 per cent Li2O with Li distribution of 47 per cent and a mass distribution of 30.5 per cent.
• At Bradda's request, SGS Canada also undertook Tescan Integrated Mineral Analyzer analysis of the medium-grade sample, finding a dominance of spodumene as the primary lithium mineral with possible, but very minor petalite and eucryptite, along with muscovite, minor beryl, tourmaline, calcite and apatite. The overall iron content is low, less than 1 per cent, indicative of a very good concentrate product.
• Bradda is currently undertaking a second drilling program at its San Domingo pegmatite district with approximately 75 per cent of the program being complete. Assay results to date were released on Nov. 12, 2023, highlighted by drill hole SD-DH23-049 which contains 6.35 metres at 0.83 per cent Li2O followed by 3.05 m at 1.03 per cent Li2O, with more results arriving in the near future.
• Metallurgical test work is now currently on hold whilst Bradda collects more representative samples from this next phase of drilling to undertake a more detailed test work program.

Bradda has a 33-square-kilometre licence area under its control within this exciting pegmatite district. It is a historical lithium mining environment with over seven historic mines that focused on shallow open-pit extraction of spodumene during the late 1940s and early 1950s. Bradda commenced drilling in H2 of 2022 (7,300 m) and is on its second campaign of 6,100 metres of core drilling, designed to expand on existing mineralized intercepts and drill test newly developed high-quality lithium in pegmatite targets derived from soil sampling and surface mapping.

Diamond core drilling continues at the San Domingo pegmatite project with approximately 75 per cent of the program completed, where many of the holes have encountered long intervals of pegmatite with visible spodumene mineralization. Assay results have been slow to arrive due to the summer rush at the laboratory, but drilling progress is good. Additional permits were received from the state and Bureau of Land Management, sites are being constructed at the historic Morning Star lithium mine, and drilling there is planned to commence shortly. The company hopes to have news on San Domingo within the next few weeks as preliminary results have started to arrive.

Ian Stalker, executive chairman, commented:

"These results are highly encouraging, and quite simply better than expected from what can only be described as preliminary non-detailed scoping test work. To produce an in spec sellable gravity concentrate reflecting over 50-per-cent recovery to the concentrate from a sample grading 1.03 per cent Li2O on first-pass test work is simply mouth watering. Gravity concentration, in this case, otherwise referred to as dense media separation, is a standard, low-cost, simple process with a small, relatively non-invasive footprint.

"It is the kind of process operation that is quick to design and install, and yet can deliver very attractive economic returns. We are therefore highly encouraged, and when the next phase of drilling at San Domingo is complete and sufficient sample material is available, we will revert quickly to SGS with a more detailed test work and study program to further the above objective."

Qualified person

Joey Wilkins, BSc, PGeo, is head of North America at Bradda and the qualified person who reviewed and approved the technical disclosures in this news release. Mr. Wilkins is a graduate of the University of Arizona with a BSc in geology with more than 37 years of experience in mineral exploration and is a qualified person under the Alternative Investment Market rules and a qualified person as defined under National Instrument 43-101. Mr. Wilkins consents to the inclusion of the technical information in this release and context in which it appears.

Independent qualified person

The technical content relating to metallurgical testing disclosed in this document was reviewed and approved by Curtis Mohns, PEng, senior metallurgist at SGS Canada. Mr. Mohns has an MSc in mineral processing engineering and 29 years of related professional experience. Mr. Mohns is a qualified person as defined under NI 43-101.

About Bradda Head Lithium Ltd.

Bradda Head Lithium is a North America-focused lithium development group. The company currently has interests in a variety of projects, the most advanced of which are in central and western Arizona: the Basin project (Basin East project and the Basin West project) and the Wikieup project.

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