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WHY INVEST?
We are a Canadian lithium-focused mining company committed to supporting the global energy transition by developing a high-quality commercial-grade lithium operation economically and sustainably in the mining-friendly state of Minas Gerais, Brazil.
We are steadily advancing a long-life, low-cost project with near-term production of high-quality lithium concentrate to support the EV and battery supply chains.
Assets Located in a Mining-Friendly Jurisdiction
Our properties cover 14,182 ha in Minas Gerais, Brazil; the country's most favourable mining jurisdiction, where +300 mines currently operate. The state of Minas Gerais is known for its highly efficient and expeditious permitting process. Our projects benefit from excellent infrastructure, including nearby transmission lines (100% hydroelectric power), year-round access by highways and secondary roads, access to water, and easy access to Port Vitoria for future global distribution of lithium concentrate.
Established Lithium-Producing District
Our Itinga group of properties, which hosts the Bandeira and Outro Lado lithium deposits, is located ~4 km from Sigma Lithium’s Grota do Cirilo mine and is adjacent to the Cachoeira Mine, owned by private Brazilian company Companhia Brasileira de Litio (CBL), which has been in production since 1991.
Large Established Lithium Resource with Excellent Scale Potential
Global Mineral Resources of 60.1Mt
(M&I: 32.51Mt grading 1.31% Li2O; Inferred: 27.57Mt grading 1.24% Li2O)
Three NI 43-101 mineral resource estimates have been outlined since drilling began in April 2022. Our large 14,182-hectare land package within Brazil’s “Lithium Valley” remains largely unexplored and represents immense mineral growth potential and scalability.
Our three NI 43-101 mineral resource estimates are as follows:
Bandeira
- M&I: 23.68Mt grading 1.34% Li₂O (785kt LCE)
- Inferred: 18.25Mt grading 1.37% Li₂O (618kt LCE)
Salinas
- M&I: 5.86Mt at 1.09% Li₂O (159kt LCE)
- Inferred: 8.90Mt at 0.97% Li₂O (215kt LCE)
Outro Lado
- M&I: 2.97Mt grading 1.46% Li₂O (108kt LCE)
- Inferred: 0.42Mt grading 1.48% Li₂O (15kt LCE)
PEA Highlights Robust Economics and Solid Foundation for Growth
A PEA for Bandeira (M&I: 13.72Mt at 1.40% Li2O + Inferred: 15.79Mt at 1.34% Li2O) supported a long-life (20-year) and low-cost spodumene concentrate mining project with a post-tax NPV of US$1.6 billion (~C$2.2 billion) and an IRR of 121%.
A Feasibility Study is underway, and expected for completion in May 2024.
Growing Lithium Demand
The global transition to green energy has made lithium one of the most sought-after metals. According to Benchmark Minerals Intelligence, demand for lithium carbonate equivalent (LCE) is set to increase to 2.4Mt in 2030, compared to around 600,000t in 2022, which is expected to lead to a growing supply-demand gap.
Proven Brazilian Team
Over 80 years of cumulative experience in exploration and mining in Brazil, complemented by a strong technical and capital markets team based in Toronto, Canada.
Near-Term Catalysts & High Re-rate Potential
A Feasibility Study for Bandeira is expected to be completed in May 2024. In November 2023, we submitted our application for a Concomitant Environmental and Installation License (“LAC”, or Licença Ambiental Concomitante in Portuguese) to the State of Minas Gerais. The LAC approval is expected in mid-2024, which would result in the environmental and social license together with authorization to begin construction.
A PEA is underway at Salinas and is expected to be completed in the second half of 2024.
Infrastructure and regional proof-of-concept greatly reduce project risk and provide compelling valuation goalposts (Sigma Lithium valued at ~US$1.6bn in April 2024).