Lithium Ionic’s Baixa Grande Lithium Project: A New Milestone with Updated Mineral Resource Estimate
Toronto, Feb 27, 2025 – Lithium Ionic Corp. (TSXV: LTH, OTCQX: LTHCF, FSE: H3N), a leading lithium exploration and development company, is thrilled to announce the filing of an independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project in Minas Gerais State, Brazil. This report comes in the wake of the updated Mineral Resource Estimate (MRE) for the Project, which was announced on January 14, 2025.
What’s New in the Updated MRE?
The updated MRE represents a significant leap forward for Lithium Ionic. The report, prepared by independent consultants, increases the estimated Indicated Mineral Resource at Baixa Grande by approximately 100% compared to the previous estimate, to 1.79 billion tonnes of lithium oxide equivalent (Li2Oeq) at an average grade of 0.23% Li2O. The Inferred Mineral Resource grew by 50% to 2.57 billion tonnes of Li2Oeq at an average grade of 0.21% Li2O.
Impact on Lithium Ionic
This substantial growth in resources underscores the potential for the Baixa Grande Project to become a major contributor to the global lithium market. The increased resource base provides Lithium Ionic with a strong foundation for future development plans, including potential expansion of the Project’s production capacity and the pursuit of strategic partnerships.
Impact on the World
The lithium industry is poised for significant growth as the demand for lithium-ion batteries continues to surge due to the increasing adoption of electric vehicles and energy storage systems. The updated MRE for the Baixa Grande Project adds to the global lithium supply picture, potentially contributing to a more stable and diverse lithium market. As the world transitions towards renewable energy sources, the importance of securing reliable and sustainable sources of lithium cannot be overstated.
Conclusion
Lithium Ionic’s filing of the independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project marks a significant milestone in the company’s growth story. The updated MRE, which represents a substantial increase in estimated lithium resources, positions Lithium Ionic as a key player in the global lithium market. As the world moves towards a more sustainable energy future, the demand for lithium is expected to continue growing. Lithium Ionic’s Baixa Grande Project could potentially contribute significantly to meeting this demand, providing a stable and diverse source of lithium for the world.
- Lithium Ionic files NI 43-101 compliant technical report for Baixa Grande Lithium Project
- Updated Mineral Resource Estimate increases Indicated and Inferred Resources by 100% and 50% respectively
- Potential for Baixa Grande Project to become a major contributor to the global lithium market
- Demand for lithium is expected to continue growing as the world transitions towards renewable energy sources
