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NI 43-101 Resources

Large Scale, High Grade, Lithium Deposits with Excellent Ongoing Growth Potential in Brazil’s “Lithium Valley”

Total Global Mineral Resource Estimate

(Bandeira + Outro Lado)
Measured & Indicated:
16.69Mt at 1.41% Li2O (~582kt LCE)
Inferred:
16.21Mt at 1.34% Li2O (~538kt LCE)

Lithium Ionic began selectively drilling its properties in April 2022, reporting an initial mineral resource estimate (“MRE”) for the Bandeira and Outro Lado deposits in June 2023.

In October 2023, an updated NI 43-101 compliant MRE for Bandeira showcased a near-doubling of the resources, which formed the basis of a Preliminary Economic Assessment that supported a long-life and low-cost spodumene concentrate mining project with a post-tax NPV of US$1.6 billion and an IRR of 121% (see PEA results here).

Breakdown of Mineral Resources by Deposit

BANDEIRA:

 
Measured & Indicated:
13.72Mt at 1.40% Li2O (474,892 LCE)
Inferred:
15.79Mt at 1.34% Li2O (523,118 LCE)
*See details and notes related to this MRE in the press release HERE.

OUTRO LADO:

 
Measured & Indicated:
2.97Mt at 1.46% Li2O (107,599 LCE)
Inferred:
0.42Mt at 1.48% Li2O (15,168 LCE)
*See details and notes related to this MRE in the press release HERE or technical report HERE.

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