Bradda Head Lithium Ltd - North America-focused lithium development group - Reports pretax loss in the three months ended 31 May of $1.1 million widened from loss of $120,089 the year before, and basic loss per share of $0.278 compared to earnings per share of $0.04. Ian Stalker, chair says: ‘The first quarter of the financial year has been very busy for the company. Drilling finished at our San Domingo pegmatite asset, with promising assay results received which have been used to design a second drill programme in the district, which commenced during Q2 2023.’ Adds: ‘We also commenced our fourth drill programme at our Basin lithium in clay project during March 2023, with very promising assay results received to date, which include our highest-grade assay received to date. Post quarter end, drilling at Basin finished with the results being fed into an upgraded Mineral Resource Estimate which is anticipated in mid-September 2023.’

Current stock price: 3.90 pence

12-month change: down 54%

Copyright 2023 Alliance News Ltd. All Rights Reserved.