Lithium Ionic Announces Maiden Mineral Resource Estimate - Salinas MRE increases global resources by 45% to 47.8Mt
- M&I: 5.86Mt @ 1.09% Li2O
- Inferred 8.9Mt @ 0.97% Li2O
- ~65% of the MRE is considered open pit
- PEA for Salinas initiated; completion expected in H2 2024
- Bandeira Operational Update
- Feasibility Study to be released in May 2024
- Construction permits remain on track to be granted in early Q3 2024
TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to announce an initial NI 43-101 compliant Mineral Resource Estimate (“MRE”) for its Salinas Lithium Project (“Salinas” or the “Project”), increasing its global mineral resources by 45%. The Salinas property covers 662 hectares or ~4.5% of Lithium Ionic’s large 14,182-hectare land package within the “Lithium Valley” in Minas Gerais State, Brazil, and represents the third NI 43-101 compliant lithium MRE the Company has established to date. The “Lithium Valley” is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites, which are among the largest and highest grade in the world. The Company’s properties are located in a district that is quickly emerging as an important global lithium producer.
Lithium Ionic Announces Maiden Mineral Resource Estimate (globenewswire.com)