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High-Grade Lithium Discoveries at Bandeira, Minas Gerais, Brazil by Lithium Ionic

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High-Grade Lithium Discoveries at Bandeira, Minas Gerais, Brazil by Lithium Ionic

Lithium Ionic Corp. has reported additional results from its ongoing drilling program at the Bandeira Project in Minas Gerais State, Brazil. The project is located within the emerging "Lithium Valley" and has already attracted two lithium producers. The drilling program aims to expand and upgrade existing mineral resource estimates to support a planned Feasibility Study and explore other prospective regional targets. The recent drilling results have revealed high-grade lithium intercepts, including 1.64% Li2O over 13.5m and 2.18% Li2O over 5.8m. These results demonstrate the potential for expanding and improving the mineral resources at Bandeira. The company is advancing towards a production decision and is currently undertaking an independent Feasibility Study, expected to be completed in early 2024. The Bandeira Project is situated in the same district as other successful lithium mines, further highlighting its potential.

Implications of High-Grade Lithium Discoveries at Bandeira for New Businesses

The high-grade lithium discoveries by Lithium Ionic Corp. at the Bandeira Project in Brazil's emerging "Lithium Valley" could have far-reaching implications for new businesses in the lithium mining sector.

Expanding Lithium Resources

The recent drilling results, which revealed high-grade lithium intercepts, underscore the potential for expanding and improving mineral resources. This could create opportunities for new businesses to enter the market and contribute to the growth of the lithium industry.

Feasibility Study and Production Decision

Lithium Ionic is currently undertaking an independent Feasibility Study and moving towards a production decision. This could set a precedent for new businesses, demonstrating the importance of thorough feasibility studies before making significant production decisions.
Location Advantage
The Bandeira Project's location within the same district as other successful lithium mines further highlights its potential. For new businesses, this signifies the importance of strategic location selection in achieving success in the lithium mining industry. In conclusion, the high-grade lithium discoveries at Bandeira could significantly impact new businesses in the lithium mining sector, providing them with insights into resource expansion, the importance of feasibility studies, and the value of strategic location selection.
Story First Published at: https://financialpost.com/globe-newswire/lithium-ionic-drills-1-64-li2o-over-13-5m-2-18-li2o-over-5-8m-and-1-95-li2o-over-5-7m-at-bandeira-minas-gerais-brazil
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