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Itinga Project

The Itinga basin, within the Eastern Brazilian Pegmatite Province (EBPP) is the largest lithium pegmatite province of South America and is emerging as one of the largest lithium spodumene basins globally.

Lithium Ionic’s flagship Itinga Project is located in the state of Minas Gerais, Brazil’s most mining-friendly state in the country’s southeast region. The wholly-owned properties are situated approximately 25 km east of the town of Araçuaí (population of ~40,000) and 594 km northeast of Belo Horizonte, the state capital.

The Itinga Project properties are located in the municipalities of Araçuaí and Itinga. The Company’s two main lithium deposits, Bandeira and Outro Lado, are located in proximity to two lithium producers, Sigma Lithium Corp.’s Grota do Cirilo Project and Companhia Brasileira de Lítio’s (CBL) Cachoeira mine.

In June 2023, the Company reported an initial mineral resource estimate (“MRE”) of 7.57Mt at 1.40% Li₂O (261kt LCE) in the M&I category and 11.86Mt at 1.44% Li₂O (421.5kt LCE) in the Inferred category at the Itinga Project (Bandeira and Outro Lado lithium deposits). See the press release HERE, and the technical report HERE.

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