Business
SIGMA LITHIUM SIGNIFICANTLY INCREASED AUDITED MINERAL RESOURCE BY 27% TO 109Mt: GROTA DO CIRILO IN BRAZIL BECOMES WORLD'S 4TH LARGEST OPERATING INDUSTRIAL PRE-CHEMICAL LITHIUM BENEFICIATION & MINING COMPLEX; GROTA DO CIRILO EXPECTED TO FURTHER INCREAS...
SIGMA LITHIUM SIGNIFICANTLY INCREASED AUDITED MINERAL RESOURCE BY 27% TO 109Mt: GROTA DO CIRILO IN BRAZIL BECOMES WORLD'S 4TH LARGEST OPERATING INDUSTRIAL
About this update from Sigma Lithium Corporation
[{"type":"text","content":"SIGMA LITHIUM SIGNIFICANTLY INCREASED AUDITED MINERAL RESOURCE BY 27% TO 109Mt: GROTA DO CIRILO IN BRAZIL BECOMES WORLD'S 4TH LARGEST OPERATING INDUSTRIAL PRE-CHEMICAL LITHIUM BENEFICIATION & MINING COMPLEX; GROTA DO CIRILO EXPECTED TO FURTHER INCREASE TO 150Mt \n \n\nINVESTOR VIDEO CONFERENCE CALLFebruary 1, 2023, at 1:00 PM (EST)Registration Link for Zoom video call below:https://us06web.zoom.us/j/88211037256 Zoom Meeting ID: 882 1103 7256\nAUDITED NI 43-101 MINERAL RESOURCE UPDATE VALIDATES SIGNIFICANT SCALE \nSigma Lithium announces a significant increase in its Audited NI 43-101 Mineral Resource to 109 million tonnes of measured, indicated and inferred mineral resource at its Sigma Brazil, 100% owned Grota do Cirilo operation at Vale do Jequitinhonha: composed of 94.3Mt of measured & indicated (\"M&I\") resource at an average grade of 1.40% Li2O, together with additional 14.6Mt of inferred resource at 1.37% Li2O. Newly revised NI 43-101 Mineral Resource estimate represents an increase of 27% from the previous technical report dated January 2023.Contained lithium carbonate equivalent tonnage also increased by 27% as Sigma Lithium maintained the high quality of its mineral resource while substantially increasing its scale.Grota do Cirilo now becomes world's 4th largest operating industrial pre-chemical lithium beneficiation complex, fully integrated with 100% wholly-owned spodumene mining operations.Larger mineral resource demonstrates that Brazil can be an anchor supplier of significant scale of industrialized lithium materials for the global electric vehicle industry.Main objective of 2023 drill campaign fully achieved: results validate the \"J-shaped\" corridor of interrelated deposits extending from Barreiro (Phase 2) through NDC-Murial (Phase 3/4).Geological model supports a continuous principal pegmatite at NDC-Murial and potential for a combined NDC-Murial open pit, representing approximately 60Mt of aggregate measured, indicated and inferred mineral resource, extending over a strike length of 3.2km, anchored by these two large spodumene pegmatites flanked by subordinated lenses.Expanded mineral resource expected to add tangible value for stakeholders, shareholders and potential strategic parties alike, supporting the integrated production growth of industrialized and beneficiated pre-chemical lithium in Brazil, as Sig...