Lithium Ionic Corp. filed an NI 43-101 technical report for its Baixa Grande Lithium Project, reporting a 32% increase in mineral resources, with 6.52 million tonnes of measured and indicated resources and an additional 12.90 million tonnes inferred. This report supports the Company’s strategic position in Brazil’s lithium market and highlights the significance of the Salinas properties.
Lithium Ionic Corp. has announced the filing of an NI 43-101 compliant technical report for its Baixa Grande Lithium Project in Minas Gerais, Brazil. This report includes an updated Mineral Resource Estimate (MRE) as revealed on January 14, 2025, showcasing a 32% growth in total mineral resources.
The independent technical report, prepared by GE21 Consultoria Mineral Ltda., states that the MRE consists of 6.52 million tonnes of measured and indicated resources at 1.11% Li₂O, amounting to 179,580 tonnes of Lithium Carbonate Equivalent (LCE). Additionally, there are 12.90 million tonnes of inferred resources at 0.96% Li₂O, yielding a total of 305,920 tonnes of LCE.
The Baixa Grande Project is part of Lithium Ionic’s extensive 17,000-hectare land package and is situated within Brazil’s Eastern Pegmatite Province, indicating a strong potential for lithium exploration. This project further enhances the Company’s position in Brazil’s competitive lithium market.
In recent developments, Pilbara Minerals’ acquisition of Latin Resources highlights the significance of Brazil’s lithium deposits, reinforcing the region’s global competitiveness. The MRE covers a 662-hectare area within the Baixa Grande property, emphasizing its strategic importance.
Lithium Ionic Corp. focuses on exploring and developing lithium properties in Brazil, particularly within mining-friendly jurisdictions like Minas Gerais state, which is emerging as a premier hard-rock lithium district.
The filing of the NI 43-101 technical report for the Baixa Grande Project confirms a significant increase in lithium resources, marking a strategic enhancement to Lithium Ionic’s portfolio in a vital region for lithium production. This growth underlies the Company’s commitment to expanding its operations within a globally competitive and resource-rich environment.
Original Source: www.globenewswire.com
