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Lithium Ionic’s properties span 14,182 hectares in Minas Gerais state, Brazil, within an emerging hard rock lithium-producing district coined the “Lithium Valley”, which contains 100% of the country’s official lithium reserves.

Since Lithium Ionic launched in May 2022, its portfolio of properties has increased +10-fold, and the Company continues to assess and consolidate prospective lithium properties in the region.

Global Mineral Resources of 60.1Mt (1,900kt LCE)

Three NI 43-101 compliant mineral resource estimates have been established to date (Bandeira, Salinas and Outro Lado ) for total consolidated mineral resources of 60.1Mt; one of the largest scale projects in the region.

Total Global Mineral Resource Estimate (Banderia + Salinas + Outro Lado)

Measured & Indicated:
32.51Mt grading 1.31% Li2O (1,052kt LCE)
27.57Mt grading 1.24% Li2O (848kt LCE)

Lithium Ionic’s tenements are grouped into two main groups of properties: The Itinga Properties and the Salinas Properties. In July 2023, projects developed within the Itinga and Salinas properties were granted priority status by the state of Minas Gerais regional government bodies, facilitating support and acceleration of approvals and licensing through the development process towards mine operation and production. Read THIS press release to learn more.

The region is home to other notable lithium mines and projects, including the Companhia Brasileira de Lítio’s (CBL) Cachoeira mine, which has been producing lithium since 1993; Latin Resources’ Colina lithium deposit (PEA stage); and Sigma Lithium’s Grota do Cirilo project, which began production in April 2023.

Project Overview

Itinga Group of Properties Salinas Group of Properties
  • Two NI 43-101 mineral resource estimates: Bandeira and Outro Lado
  • Drilling activities began in April 2022
  • Directly adjacent to lithium producers: CBL’s Cachoeira Mine and Sigma Lithium’s Grota do Cirilo Mine.
  • PEA completed in Oct. 2023 for Bandeira:: 
    • Post-tax NPV8%: $1.6B (~C$2.2B)
    • Post-tax IRR: 121%
    • Mine Life: 20 years
    • Avg. annual throughput: 217,700tpa (SC5.5)
    • Pre-tax free cash flow: $243M/year
    • Payback: 14 months
    • All-in OPEX: $349/t SC5.5  
  • Bandeira mineral resource estimate (April 2024):
    • M&I: 23.68Mt grading 1.34% Li₂O (785kt LCE)
    • Inferred: 18.25Mt grading 1.37% Li₂O (618kt LCE)
  • Outro Lado mineral resource estimate (June 2023):
    • M&I: 2.97Mt grading 1.46% Li₂O (108kt LCE)
    • Inferred: 0.42Mt grading 1.48% Li₂O (15kt LCE)
  • Feasibility Study for Bandeira underway; expected in May 2024
  • Environmental Impact Assessment underway and expected for completion in H1 2024
  • Environmental and Installation License (“LAC”, or Licença Ambiental Concomitante) application submitted in Nov. 2023; approval expected in mid-2024.

Learn more HERE.

  • ~100km north of the Itinga group of properties
  • Salinas properties acquired in March 2023
  • NI 43-101 mineral resource estimate established at the Salinas Project (April 2024):
    • M&I: 5.86Mt grading 1.09% Li₂O (159kt LCE)
    • Inferred: 8.90Mt grading 0.97% Li₂O (215kt LCE)
  • Salinas MRE based on: 122 drill holes (27,030m) drilled between May and November 2023
  • Exploration work and drilling will be ongoing at Salinas for the remainder of 2024 to continue to expand and upgrade the mineral resources. An upgraded MRE is expected later this year.
  • PEA underway; expected for completion in H2 2024

Learn more HERE.

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