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Lithium Ionic Corp. (LTHCF) is a leading company specializing in the extraction and production of high-quality lithium products. Their Bandeira Definitive Feasibility Study has resulted in positive outcomes for their mining operations and mineral processing. With an estimated initial capital cost of $266 million and a sustainable capital projection of $81.4 million over a 14-year mine life, the company is set to bolster its presence in the market. The company's forward-thinking approach and dedication to project advancement and optimization make them a formidable player in the industry.
Lithium Ionic Corp. (OTCQB: LTHCF) has announced significant assay results from its Galvani claims, part of a broader 30,000 metre drilling program. As of now, 23,000 metres have been drilled at Galvani and the Bandeira properties, which constitute only a fraction of the company's 14,182 hectares in Brazil's lithium-rich region. Notable drill intercepts include 1.87% Li2O over 45m and 2.10% Li2O over 19.4m, indicating substantial mineralization potential. The company aims to complete its initial mineral resource estimate by Q2 2023. CEO Blake Hylands emphasized the exploration potential and the optimistic outlook for a significant mineral resource estimate. An additional drill rig has been mobilized to the Itira property to expand exploratory efforts.
Lithium Ionic Corp. (OTCQB: LTHCF) announced significant drill results from hole ITDD-23-065 at its 100%-owned Bandeira property in Brazil. The hole intersected 13 mineralized pegmatite veins, with remarkable lithium grades including 1.32% Li2O over 24m and 2.53% Li2O over 6.09m. To date, 22,000 metres of the planned 30,000-metre drill program have been completed, confirming extensive high-grade mineralization. This positive development positions Lithium Ionic favorably for a forthcoming NI 43-101 mineral resource estimate expected in Q2 2023, amidst ongoing drilling operations with increasing production capacity.
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