Lithium Ionic Releases Prominent Report on Bandeira Project
Lithium Ionic Unveils Key Technical Report for Bandeira Project
TORONTO — Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) has made significant strides in its lithium exploration with the recent filing of an independent NI 43-101 compliant technical report. This report addresses the updated Mineral Resource Estimate (MRE) for its wholly owned Bandeira Lithium Project in Brazil, as announced this month.
Details of the Technical Report
The technical report, titled "Bandeira Lithium Project NI 43-101 Technical Report Mineral Resource Update," was meticulously prepared by a consortium of experts, including GE21 Consultoria Mineral Ltda., AtkinsRéalis, L&M Advisory, and Planminas. It reflects comprehensive research in compliance with National Instrument 43-101, effective November 20, 2024. The latest MRE prepared by GE21 places measured and indicated resources at an impressive 27.27 million tonnes (Mt) with a lithium oxide grade of 1.34%, equating to approximately 901,059 tonnes of lithium carbonate equivalent (LCE). Additionally, there's an inferred resource of 18.55 Mt, also at a grade of 1.34% Li?O, yielding another 615,432 tonnes of LCE.
Future Developments
In conjunction with the MRE, Lithium Ionic is actively working on an updated feasibility study aimed at integrating this expanded mineral resource. This study is anticipated to be concluded in the second half of next year, showcasing the company's commitment to advancing the project further.
Consolidated Mineral Resources Growth
This comprehensive update regarding the Bandeira MRE significantly boosts Lithium Ionic's consolidated global mineral resources, now totaling 36.76 Mt at a grade of 1.31% Li?O within the measured and indicated categories. Furthermore, it adds 31.87 Mt at a grade of 1.19% Li?O in the inferred category, underlining the project’s potential.
Strategic Location and Context
Bandeira spans a modest 158 hectares, which represents less than 1% of the company’s substantial 17,000-hectare land position in Brazil. Nonetheless, it has emerged quickly as one of the most promising lithium development-stage assets within the region. Its strategic location near Sigma Lithium's Grota do Cirilo and Barreiro projects, as well as the longstanding underground operations by Companhia Brasileira de Lítio (CBL), further enhances its significance in the burgeoning lithium sector.
Accessing the Technical Report
For stakeholders and interested parties, the technical report can be accessed on SEDAR+ under Lithium Ionic’s profile as well as directly through the company's website, where relevant updates will continually be published.
About Lithium Ionic Corp.
Lithium Ionic is a dynamic Canadian mining company focused on exploring and developing lithium resources in Brazil. The Itinga and Salinas properties, which encompass approximately 17,000 hectares, are situated in a region recognized for its robust mining potential. The Bandeira Project is strategically located near notable sites such as CBL’s established Cachoeira lithium mine, which has been in production for over 30 years.
Expert Oversight and Company Governance
The technical insights provided in the new report have been reviewed and validated by qualified professionals in the field. Carlos José Evangelista Silva from GE21 is recognized as a Qualified Person per NI 43-101 standards and has authored specific parts of the report. Additionally, Carlos Costa, Vice President of Exploration, and Blake Hylands, CEO, also bring their qualifications and insights to the oversight of the project.
Contact for Investor and Media Inquiries
For further information, interested individuals can reach out via phone or email directly to Lithium Ionic:
+1 647.316.2500
info@lithiumionic.com
Frequently Asked Questions
What is the significance of the NI 43-101 report?
The NI 43-101 report provides a qualified assessment of the mineral resources at the Bandeira Lithium Project, reinforcing its potential and credibility to investors.
How much lithium does the Bandeira Project currently estimate?
The current MRE estimates 27.27 million tonnes of Measured and Indicated resources grading 1.34% Li?O, alongside 18.55 million tonnes in the Inferred category.
What is the timeline for the updated feasibility study?
An updated feasibility study integrating the new MRE is anticipated to be completed in the second half of next year.
Where can I find more information about Lithium Ionic Corp.?
The latest updates and technical reports are available on the Company’s profile on SEDAR+ and its official website.
Who oversees the technical information related to the MRE?
The information has been overseen by Carlos José Evangelista Silva, a qualified professional independent of Lithium Ionic, ensuring the integrity of the report.
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