Life Time (US:LTH) Globenewswire·2025-01-14 12:00Core Insights - Lithium Ionic Corp. has announced an updated NI 43-101 Mineral Resource Estimate (MRE) for the Baixa Grande Project, highlighting the expertise of its exploration team and the strategic potential of the deposit [1][3][4] - The Baixa Grande Project has become a key growth asset for the company, with nearly 20 million tonnes (Mt) of mineral resources, solidifying its position as a leading lithium company in Brazil [4][6] Mineral Resource Estimate Highlights - The updated MRE includes 6.52 Mt in the Measured and Indicated (M&I) category and an additional 12.90 Mt in the Inferred category, reflecting increases of 11.3% and 45% respectively since the maiden MRE announced in April 2024 [6][8] - The total MRE has grown by 32% due to 35,734 meters of drilling across 167 diamond drill holes, showcasing the effectiveness of the exploration approach [6][8] - The MRE indicates a grade of 1.11% Li₂O for the M&I category, containing 179,580 tonnes of Lithium Carbonate Equivalent (LCE), and 0.97% Li₂O for the Inferred category, containing 280,730 tonnes of LCE [8][11] Strategic Context - The Baixa Grande Project is part of the Salinas group of properties acquired in March 2023, located in a region known for its spodumene-bearing pegmatites [4][5] - The project is situated approximately 100 kilometers north of the Bandeira development project, which remains a near-term focus for the company [4][3] - The acquisition of Latin Resources by Pilbara Minerals, which includes the Colina deposit located west of Baixa Grande, underscores the competitive nature of Brazil's lithium deposits [5][6] Future Potential - Exploration efforts have established a strong foundation for future development, with the deposit remaining open at depth and along strike, indicating significant potential for further resource growth [10][21] - Additional drilling is planned to confirm the high potential for spodumene mineralization at the Noé target, which has shown promising initial results [9][10]