Lithium Ionic Corp. reports an updated mineral resource estimate for the Bandeira Lithium Project in Minas Gerais, Brazil, increasing the company's global mineral resources by 26% to 60.1Mt.
Lithium Ionic Announces 26% Increase in Global Mineral Resources with an Updated Mineral Resource Estimate at its Bandeira Project , Minas Gerais , Brazil TORONTO, April 12, 2024 -- Lithium Ionic Corp. , is pleased to report an updated NI 43-101 compliant mineral resource estimate for the Bandeira Lithium Project , located within the Lithium Valley in Minas Gerais State, Brazil .
Planned exploration programs at its existing deposits, Bandeira, Salinas and Outro Lado, as well as other regional targets, are expected to support continued mineral resource growth. The mineral resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to the deposit.The QP responsible for the MRE is the geologist Carlos Silva .
The QP is not aware of any factors or issues that materially affect the MRE other than normal risks faced by mining projects in the province in terms of environmental, permitting, taxation, socio-economic, marketing, and political factors, and additional risk factors regarding inferred resources. The MRE was classified as Measured, Indicated and Inferred Mineral Resource based on data quality, sample spacing, and pegmatite continuity. The Measured Mineral Resource was defined using a search ellipsoid of 50 m by 50 m by 30 m, and where the continuity and predictability of the mineralized units was reasonable. The Indicated Mineral Resource was defined using a search ellipsoid 100 m by 100 m by 50 m.
Lithium Ionic Mineral Resources Bandeira Project Minas Gerais Brazil
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