Lithium Ionic Files NI 43-101 Report for Baixa Grande Project with 32% Resource Growth

Lithium Ionic Corp. has filed an NI 43-101 compliant technical report for its Baixa Grande Lithium Project, showing a 32% increase in mineral resources. The MRE includes 6.52 million tonnes Measured and Indicated resources and 12.90 million tonnes Inferred. Positioned in Minas Gerais, Brazil, this project enhances the Company’s profile in the lithium market.

Lithium Ionic Corp. announced the filing of an independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project in Minas Gerais, Brazil. This filing follows the updated Mineral Resource Estimate (MRE) revealed on January 14, 2025. The report, prepared by GE21 Consultoria Mineral Ltda., effectively traces the MRE as of December 2, 2024, highlighting the growth of the Company’s lithium resources by 32%.

The Baixa Grande MRE demonstrates significant mineral resources, including 6.52 million tonnes categorized as Measured and Indicated, grading 1.11% Li₂O, translating to approximately 179,580 tonnes of Lithium Carbonate Equivalent (LCE). In addition, there exists an Inferred resource of 12.90 million tonnes at a grade of 0.96% Li₂O, amounting to 305,920 tonnes of LCE. This results in approximately 30% of the Company’s total global mineral resources located within Brazil’s Lithium Valley, which comprises a total of 64.7 million tonnes.

Located in a promising region, the Baixa Grande target is a key acquisition from the Salinas group of properties, positioned about 100 kilometers north of Lithium Ionic’s Bandeira development project. This region, known for its abundance of spodumene-bearing pegmatites, is recognized for its potential and growth in lithium projects. The recent acquisition of Latin Resources by Pilbara Minerals, which included the Colina deposit near Baixa Grande, further emphasizes the value of Brazil’s lithium reserves.

The Baixa Grande MRE is situated on a compact 662-hectare property that forms part of Lithium Ionic’s expansive 17,000-hectare land package. This strategic land acquisition augments the Company’s resources, reinforcing its position in the competitive lithium market. Lithium Ionic is focused on developing its properties within Brazil, a jurisdiction noted for being mining-friendly and a rising hub for hard-rock lithium extraction.

Leonardo Soares, P.Geo., M.Sc., of GE21, is recognized as the Qualified Person who has reviewed and approved the technical information related to the MRE disclosed in this release. The scientific and technical data have also been assessed by Carlos Costa and Blake Hylands, both designated as Qualified Persons under NI 43-101.

The press release includes several forward-looking statements, incorporating inherent risks and uncertainties that might affect the actual outcomes for Lithium Ionic Corp. Stakeholders are cautioned against placing excessive reliance on such statements due to their variable nature, and the necessity for staying informed is emphasized regarding the Company’s future plans and projections.

Lithium Ionic Corp. has successfully filed an NI 43-101 compliant technical report demonstrating a significant increase in their mineral resources for the Baixa Grande Lithium Project in Brazil. The report indicates both Measured and Indicated resources and Inferred resources, showcasing the strategic importance of this project in the competitive lithium landscape. The Company notes various qualified individuals have reviewed the technical data and emphasizes the need for stakeholders to be cautious regarding forward-looking statements and projections.

Original Source: www.globenewswire.com