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Lithium Ionic Expands Bandeira and Salinas Lithium Drilling Programs

Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) announced the initiation of a 4,000-metre drilling program across four properties around its Bandeira Lithium Project. These properties, located 2 to 10 kilometers from Bandeira, include Afrodite, Phoenix, Apollo, and Gonçalves. This drilling effort targets lithium soil anomalies identified in 2022 and 2023.

Expanded Drilling Program at Salinas

Lithium Ionic has started a 30,000-metre drill program at its Salinas Lithium Project, situated in the Araçuaí Pegmatite District, Minas Gerais, Brazil. The goal is to expand and upgrade the current mineral resource estimate. Salinas, approximately 100 km north of the Itinga properties, initially reported an MRE of 5.86Mt grading 1.09% Li₂O in the Measured and Indicated category and 8.90Mt grading 0.97% Li₂O in the Inferred category.

CEO Comments

Blake Hylands, P.Geo., CEO of Lithium Ionic, stated, “We have delineated over 60Mt of spodumene-rich pegmatites in just over two years. The speed and efficiency of our drilling efforts highlight our team’s strong capabilities. We are encouraged by the potential of regional targets and are excited about the expanded drilling at Salinas, reflecting significant future potential.”

Advance Notice Policy

Lithium Ionic has an advance notice by-law to provide direction on the nomination of directors. Shareholders must submit nominations prior to annual or special meetings. For the meeting on July 26, 2024, the deadline is July 15, 2024. For details, refer to the Company’s profile or website.

About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company developing lithium properties in Brazil. Its flagship projects, Itinga and Salinas, cover approximately 17,000 hectares in Minas Gerais, a rapidly emerging hard-rock lithium district. The Itinga Project is in the same area as CBL’s Cachoeira lithium mine and Sigma Lithium Corp.’s Grota do Cirilo project, the largest hard-rock lithium deposit in the Americas.

Qualified Persons

This announcement’s scientific and technical information has been reviewed and approved by Carlos Costa, VP Exploration, and Blake Hylands, CEO of Lithium Ionic. Both are qualified persons as defined in NI 43-101.

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