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Lithium Ionic Reports Updated Mineral Resource Estimate at its Bandeira Lithium Project, Minas Gerais, Brazil; Significantly Increases Global Mineral Resources in the Lithium Valley
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N)...
About this update from Lithium Ionic Corp
[{"type":"text","content":"Lithium Ionic Reports Updated Mineral Resource Estimate at its Bandeira Lithium Project, Minas Gerais, Brazil; Significantly Increases Global Mineral Resources in the Lithium Valley\n\n\n\n TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites.\n \n\n Prepared in accordance with National Instrument 43-101 (“NI 43-101”) by independent consultants, GE21 Consultoria Mineral Ltda. (“GE21”), the updated MRE reflects continued growth and resource conversion across the deposit, underscoring the scale, geological continuity, and long-life potential of Bandeira as it advances toward development.\n \n\n\n Bandeira Project - Mineral Resource Estimate Highlights\n \n\n\n\n Measured and Indicated (“M&I”) MRE of 27.27 million tonnes (“Mt”) grading 1.34% Li₂O, containing 901,059 tonnes of lithium carbonate equivalent (“LCE”); with an additional Inferred MRE of 18.55Mt grading 1.34% Li₂O, or 615,432 tonnes of LCE (see Table 1).\n \n\n M&I growth represents a 30% increase in tonnage compared to the MRE used in the Company’s Feasibility Study announced on\n \n May 29, 2024\n \n , and a 15% increase compared to the MRE announced on\n \n April 12, 2024\n \n .\n \n\n The updated MRE is based on 297 drill holes (60,301 metres), drilled between April 2022 and September 2024.\n \n\n The MRE maintains consistent grade while expanding tonnage, reflecting strong continuity and growth potential.\n \n\n The updated Bandeira MRE increases the consolidated, global mineral resources to 36.76 Mt grading 1.31% Li₂O in the M&I category, in addition to 31.87 Mt grading 1.19% Li₂O in the Inferred category (see Figure 1).\n \n\n The Company plans to integrate the new MRE into an updated Feasibility Study, ex...