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WHY INVEST?
We are a Canadian lithium-focused mining company committed to supporting the global energy transition by developing a high-quality commercial-grade lithium operation economically and sustainably in the mining-friendly state of Minas Gerais, Brazil.
We are steadily advancing a long-life, low-cost project with near-term production of high-quality lithium concentrate to support the EV and battery supply chains.
Assets Located in a Mining-Friendly Jurisdiction
Our properties cover ~17,000 hectares in Minas Gerais, Brazil; the country's most favourable mining jurisdiction, where +300 mines currently operate. The state of Minas Gerais is known for its highly efficient and expeditious permitting process. This Tier 1 mining region has excellent infrastructure, including low-cost, renewable hydroelectric power, access to water, excellent transport infrastructure and access to foreign markets via nearby ports.
Established Lithium-Producing District
Our Itinga group of properties, which hosts the Bandeira and Outro Lado lithium deposits, is located ~4 km from Sigma Lithium’s Grota do Cirilo mine and is directly adjacent to the Cachoeira Mine, owned by private Brazilian company Companhia Brasileira de Litio (CBL), which has been in production since 1991.
Large Established Lithium Resource with Excellent Scale Potential
Global Mineral Resources of 64.7Mt
M&I: 33.2Mt grading 1.31% Li₂O (1,07kt LCE) ; Inferred: 31.57Mt grading 1.20% Li₂O (939kt LCE)
Three NI 43-101 mineral resource estimates have been outlined since drilling began in April 2022. Our large ~17,000-hectare land package within Brazil’s “Lithium Valley” remains largely unexplored and represents immense mineral growth potential and scalability.
Our three NI 43-101 mineral resource estimates are as follows:
Bandeira
- M&I: 23.7Mt grading 1.34% Li₂O (787kt LCE)
- Inferred: 18.25Mt grading 1.37% Li₂O (617kt LCE)
Salinas
- M&I: 6.52Mt at 1.11% Li₂O (180kt LCE)
- Inferred: 12.90Mt at 0.96% Li₂O (306kt LCE)
Outro Lado
- M&I: 2.97Mt grading 1.46% Li₂O (108kt LCE)
- Inferred: 0.42Mt grading 1.48% Li₂O (15kt LCE)
Robust Feasibility Study; Near-term Lithium Production
A FS completed in May 2024 for the Bandeira demonstrated a technically simple and highly economic project. The study featured a 14-year mine life, producing an average of 178,000 tonnes of high-quality spodumene concentrate (5.5% Li₂O) annually with a post-tax NPV of US$1.3 billion and an IRR of 40%.
Lithium Ionic expects to receive the construction permit for Bandeira by the end of 2024, with initial spodumene concentrate production as soon as H2 2026.
Growing Lithium Demand
The global transition to green energy has made lithium one of the most sought-after metals. According to Benchmark Minerals Intelligence, demand for lithium carbonate equivalent (LCE) is set to increase to 2.4Mt in 2030, compared to around 600,000t in 2022, which is expected to lead to a growing supply-demand gap.
Proven Brazilian Team
Over 80 years of cumulative experience in exploration and mining in Brazil, complemented by a strong technical and capital markets team based in Toronto, Canada.
Near-Term Catalysts & High Re-rate Potential
BANDEIRA: Construction permit (LAC license) expected in H2 2024.
SALINAS: 30,000m definition and expansion drilling program underway for 2024.