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Lithium Ionic Files NI 43-101 Technical Report for the Updated Bandeira Lithium Project Feasibility Study
Globenewswire· 2025-10-31 22:30
Core Viewpoint - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for the Bandeira Lithium Project, indicating progress in the project's development and feasibility study [1][2]. Group 1: Technical Report Details - The 2025 Bandeira Technical Report was prepared by qualified consulting groups RTEK, GE21, and L&M, ensuring compliance with National Instrument 43-101 standards [2]. - The report is available on the company's website and SEDAR+ for public access [2]. Group 2: Qualified Persons - A list of Qualified Persons (QPs) who contributed to the report is provided, confirming their independence and expertise in the field [3][4]. - Each QP has reviewed and approved the contents of the news release, ensuring accuracy and reliability [3]. Group 3: Compensation and Agreements - The company issued 7,430,305 common shares to RTEK as compensation for technical and strategic advisory services related to the feasibility study [5]. - This issuance has received approval from the TSX Venture Exchange, indicating regulatory compliance [5]. Group 4: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly in the Minas Gerais state [6]. - The company's flagship projects, Itinga and Salinas, cover 11,684 hectares in a region recognized as a world-class hard-rock lithium district [6].
Osisko Development Files NI 43-101 Feasibility Study Technical Report for the Cariboo Gold Project
Globenewswire· 2025-06-12 03:00
Core Viewpoint - Osisko Development Corp. has filed a new technical report for its Cariboo Gold Project, highlighting the results of the 2025 feasibility study, which indicates significant economic potential for the project [1][3]. Group 1: Technical Report Details - The technical report is titled "NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project" and is dated June 11, 2025, with an effective date of April 25, 2025 [2]. - The report was prepared by independent consultants from BBA Engineering Ltd. and supported by various other independent engineering firms, all of whom are qualified persons under NI 43-101 [2]. - The new technical report supersedes a previous report dated January 12, 2023, which is no longer reliable [4]. Group 2: Economic Highlights - The feasibility study indicates an after-tax NPV5% of C$943 million and an internal rate of return (IRR) of 22.1% at a base case gold price of US$2,400 per ounce [3]. - At a spot gold price of US$3,300 per ounce, the after-tax NPV5% increases to C$2.1 billion with an IRR of 38.0% [3]. Group 3: Company Overview - Osisko Development Corp. is focused on developing gold projects in mining-friendly jurisdictions, with the Cariboo Gold Project being its flagship asset [6]. - The company aims to become an intermediate gold producer and has additional projects in Utah and Mexico, which have significant exploration potential [6].