Lithium Ionic Corp. has released a technical report for its Baixa Grande Lithium Project in Brazil, indicating a 32% growth in mineral resources. The report, compliant with NI 43-101 standards, details significant measured and indicated resources. This Project forms a vital part of the Company’s strategy in Brazil’s lithium sector, emphasizing its competitive position in the market.
Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) has filed an independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project located in Minas Gerais, Brazil. This report corresponds with the newly updated Mineral Resource Estimate (MRE) announced on January 14, 2025. The report was prepared by GE21 Consultoria Mineral Ltda., effective as of December 2, 2024, and it details measured and indicated resources totaling 6.52 million tonnes (Mt) at a grade of 1.11% Li₂O and inferred resources of 12.90Mt at 0.96% Li₂O.
The total resources in the Baixa Grande Project account for approximately 30% of Lithium Ionic’s overall global mineral resources, which amount to 64.7Mt in the Lithium Valley of Brazil. The report, titled “Independent Technical Report on the Mineral Resource Estimate for the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil,” is accessible on SEDAR+ and the Company’s website.
Housed on a 662-hectare site only a fraction of Lithium Ionic’s total 17,000-hectare land package, the Baixa Grande Project is located approximately 100 kilometers from the Bandeira Project, enhancing the Company’s position in the emerging lithium district of eastern Brazil. Additionally, the recent acquisition by Pilbara Minerals of Latin Resources’ Colina deposit underscores the competitiveness of Brazil’s lithium resources.
The Company is committed to ensuring the thoroughness of its technical reports, which have undergone reviews by qualified professionals. Leonardo Soares, P.Geo., M.Sc., from GE21, is the Qualified Person who has reviewed and approved the mineral resource data. Other critical decisions and data showcased in the report have been validated by key executives within Lithium Ionic, which further solidifies their credibility in these assertions and projections.
The filing of the NI 43-101 compliant technical report for the Baixa Grande Lithium Project presents a significant development for Lithium Ionic Corp., highlighting a 32% increase in mineral resources. This expansion reinforces the Company’s standing in Brazil’s lithium market and reflects the potential for further growth. The project’s strategic location and the added resources bolster its portfolio as it continues to progress within a promising mining hub.
Original Source: www.globenewswire.com
