Associated tags: Lithium, SGML, Ionic, Water, CBL, LTH, FSE
Locations: TORONTO, ON, CA, NI, BRAZIL, SALINAS, ROM, MINAS GERAIS
Lithium,
MRE,
PEA,
Nature,
See,
Resource,
LTH,
QP,
Bandeira,
Landing slot,
Growth Nine of the 15 holes reported were drilled at the Noé target, a well-mineralized pegmatite discovered approximately 1.5 kilometres North of the Salinas mineral resource zones earlier this year.
Key Points:
- Nine of the 15 holes reported were drilled at the Noé target, a well-mineralized pegmatite discovered approximately 1.5 kilometres North of the Salinas mineral resource zones earlier this year.
- New high-grade drill intercept highlights of:
1.53% Li2O over 15m, incl.
- 2.31% Li2O over 8m near surface, from 30m (hole BGDD-24-133)
1.15% Li2O over 19m, incl.
- 1.67% Li2O over 10m near surface, from 38m (hole BGDD-24-131)
1.32% Li2O over 14m, incl.
Lithium,
Diamond,
Project,
MRE,
Risk,
QA/QC,
QP,
Mineral Resources Limited,
Classification,
Marketing,
Mining The 3D modelling of lithium Mineral Resources was conducted using a minimum cut-off grade of 0.3% Li2O within a preliminary lithological model.
Key Points:
- The 3D modelling of lithium Mineral Resources was conducted using a minimum cut-off grade of 0.3% Li2O within a preliminary lithological model.
- The MRE was classified as Measured, Indicated and Inferred Mineral Resource based on data quality, sample spacing, and pegmatite continuity.
- It is the QP’s opinion that the current classification used is adequate and reliable for this type of mineralization and MRE.
- The MRE reported is a global estimate with reasonable prospects of eventual economic extraction.
Lithium,
Diamond,
QA/QC,
Environmental impact assessment,
SNC-Lavalin,
Environment,
CAPEX,
Classification,
Mineral Resources Limited,
Project,
MRE,
Feasibility study,
QP,
Risk,
PEA,
Mining,
EIA,
Pit,
Marketing,
Sustainable development,
Bandeira,
Uranium mining 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.
Key Points:
- Independent Brazilian consultancy, GE21 Consultoria Mineral Ltda , based in Belo Horizonte, Minas Gerais, has been engaged to carry out a PEA based on the Salinas MRE.
- Data from a total of 122 drill holes comprising 3,276 assays were included in the mineral resources model.
- The 3D modelling of lithium Mineral Resources was conducted using a minimum cut-off grade of 0.3% Li2O within a preliminary lithological model.
- The MRE was classified as Measured, Indicated and Inferred Mineral Resource based on data quality, sample spacing, and pegmatite continuity.
Retrieved on:
Thursday, February 29, 2024
Vale do Lítio has a 100% beneficial ownership interest in three lithium mining claims covering a total of 3,140 hectares (the “Vale Claims”; see Figure 1).
Key Points:
- Vale do Lítio has a 100% beneficial ownership interest in three lithium mining claims covering a total of 3,140 hectares (the “Vale Claims”; see Figure 1).
- Based on the payments that have been made to date, Lithium Ionic own 7.4% of the Vale Claims.
- (“Borges”) to acquire from Borges a 100% ownership interest in three mining claims (the “Borges Claims”) covering a total of 1,478 hectares (the “Borges Agreement”; see Figure 1).
- Lithium Ionic may terminate the Borges Agreement at any time without incurring any additional financial penalties.
Retrieved on:
Monday, February 12, 2024
TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) announces the publication of its 2023 Sustainability Report, along with its ONYEN ESG Scorecard, both available for download on its website at www.lithiumionic.com/sustainability .
Key Points:
- TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) announces the publication of its 2023 Sustainability Report, along with its ONYEN ESG Scorecard, both available for download on its website at www.lithiumionic.com/sustainability .
- In Q2 2023, Lithium Ionic integrated ONYEN Corporation's ESG reporting software, aligning with prominent international sustainability frameworks such as SASB, GRI, and TCFD, enabling it to seamlessly capture, monitoring, and report ESG datapoints, ensuring compliance with global standards.
- In Q4 2023, Lithium Ionic initiated an IRMA Ready self-assessment for the Bandeira Project.
- I congratulate our team on their accomplishments to date, showcased in our 2023 sustainability report, and we remain focused on continuously enhancing our sustainability efforts.”
On behalf of the Board of Directors of Lithium Ionic Corp.
Retrieved on:
Tuesday, February 6, 2024
These drill results have extended the mineralization at Salinas by at least 250 meters along strike.
Key Points:
- These drill results have extended the mineralization at Salinas by at least 250 meters along strike.
- A new high-grade pegmatite dike has been discovered, approximately 1.5 kilometres north of the main Salinas zones (See Figure 1 location map and complete drill results in Table 1).
- These findings reinforce the understanding of the mineralized pegmatites at Salinas.
- Four drills are currently operating at Salinas, one of several targets actively being explored as part of a 50,000-metre drill program planned for 2024.
Retrieved on:
Thursday, February 1, 2024
Lithium,
Operational excellence,
Copper,
Metallurgy,
Engineering,
Process engineering,
Unit production manager,
Mining,
University,
Metal,
Economics,
LTH Mr. Westendorf is a professional engineer with over 15 years of diversified experience in mining operations, capital projects, engineering, and corporate development.
Key Points:
- Mr. Westendorf is a professional engineer with over 15 years of diversified experience in mining operations, capital projects, engineering, and corporate development.
- Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented: "We are thrilled to welcome Mike to the Lithium Ionic team.
- Mike's technical expertise and proven leadership abilities will greatly enhance our existing technical and operational team as we advance detailed engineering and permitting activities towards construction."
- Mr. Westendorf added: "I'm very excited to join Lithium Ionic and be part of building the Company's lithium operation in Brazil.
Retrieved on:
Tuesday, January 23, 2024
These results were completed as part of the 50,000-metre drill program completed in H2 2023 at its Itinga and Salinas group of properties.
Key Points:
- These results were completed as part of the 50,000-metre drill program completed in H2 2023 at its Itinga and Salinas group of properties.
- Drilling is ongoing at Bandeira, as well as other high priority regional targets as part of an expanded ~50,000-metre drill program planned for 2024.
- Significant drill intercepts from the most recent Bandeira results, include:
1.31% Li2O over 24.0m, incl.
- The Company is rapidly advancing Bandeira towards a production decision, while it continues to define and grow lithium mineralization at other regional targets.
With properties covering 14,182 hectares, the Company is the second largest landholder in Brazil’s “Lithium Valley”, in northern Minas Gerais State, Brazil, where two lithium producers currently operate.
Key Points:
- With properties covering 14,182 hectares, the Company is the second largest landholder in Brazil’s “Lithium Valley”, in northern Minas Gerais State, Brazil, where two lithium producers currently operate.
- Approximately 25,000 metres (105 holes) have been completed at Salinas since the Company began drilling in May 2023.
- Lithium Ionic acquired the Salinas group of properties in early 2023 from Neolit Minerals Participações Ltda.
- On December 7, 2023 , the Company reported the widest and highest-grade lithium intercept to date at this target, including 1.13% Li2O over 27.6m, including 1.34% Li2O over 9m.
Retrieved on:
Thursday, January 4, 2024
Lithium,
Research,
CEMIG,
Acquisition,
MRE,
Feasibility study,
ESG,
State government,
ETF,
LTH,
Technical report,
Engineering,
Growth,
PEA,
Initiative,
IRMA,
Safety,
Self-assessment,
Responsibility The mineral resource estimates established on Lithium Ionic’s properties in 2023 are as follows:
Key Points:
- The mineral resource estimates established on Lithium Ionic’s properties in 2023 are as follows:
*Drill data cut-off of August 30, 2023.
- The Preliminary Economic Assessment ("PEA") completed in October 2023 positioned the Bandeira Lithium Project as a globally competitive, low-cost spodumene concentrate producer.
- In 2023, Lithium Ionic took essential steps in formalizing its ESG and Safety framework.
- Lithium Ionic's entire landholdings lie within the Lithium Valley, and in July 2023, all of its properties and projects were granted "priority status" by the state government (see July 19, 2023 , press release).
