Lithium Ionic Corp. announced a 32% increase in its Baixa Grande Lithium Project’s mineral resources through an independent NI 43-101 compliant technical report. The report, effective December 2, 2024, shows Measured and Indicated resources totaling 6.52 million tonnes at 1.11% Li₂O. The Company continues to strengthen its position in Brazil’s lithium sector, with substantial land holdings and promising projects.
Lithium Ionic Corp. has filed a compliant technical report prepared by GE21 Consultoria Mineral Ltda. regarding its Baixa Grande Lithium Project in Brazil. This report follows the updated Mineral Resource Estimate released on January 14, 2025, which indicates a 32% growth in mineral resources. The report is effective December 2, 2024, and reveals a total of 6.52 million tonnes of Measured and Indicated resources grading 1.11% Li₂O, along with an Inferred category comprising 12.90 million tonnes grading 0.96% Li₂O.
The Baixa Grande Project, situated in the Salinas group of properties, is regarded as one of Lithium Ionic’s most promising projects. This area is known for its spodumene-bearing pegmatites and holds significant potential within Brazil’s Eastern Pegmatite Province. The mineral resource estimate contributes substantially to Lithium Ionic’s total resources, further enhancing the Company’s standing in the lithium sector.
In August 2024, Pilbara Minerals made headlines by acquiring Latin Resources and their Colina deposit, highlighting the increasing value and competitiveness of Brazil’s lithium sector. The Baixa Grande deposit is a part of Lithium Ionic’s extensive 17,000-hectare land package in a mining-friendly region known for its rich lithium resources.
Lithium Ionic Corp. is actively engaged in exploring and developing its lithium properties in Brazil, aiming to become a leading player in the emerging lithium mining district. The Company’s Feasibility-stage Bandeira Project is located near significant lithium operations, affirming the potential of the region.
All technical information within this report has been reviewed and approved by qualified professionals, ensuring adherence to NI 43-101 standards. The report and additional technical reports relevant to the Company’s mineral properties can be accessed on SEDAR+ and Lithium Ionic’s official website.
Forward-looking statements regarding the Company’s anticipated results and developments are included in the press release, emphasizing inherent uncertainties and risks that may impact actual outcomes. Readers are encouraged to exercise caution when interpreting these forecasts, as they are subject to change, and the Company assumes no obligation to update these statements post-release.
The filing of the NI 43-101 compliant technical report for the Baixa Grande Lithium Project marks a significant milestone for Lithium Ionic Corp., showcasing a substantial increase in mineral resources. The report not only reinforces the Company’s position in the competitive lithium market but also highlights the prospectivity of the Brazilian region for lithium exploration and development. As the Company moves forward, it remains committed to providing reliable updates while navigating the complexities of mineral resource management.
Original Source: www.globenewswire.com
