Lithium Ionic Reports Excellent Initial Metallurgical Test Results from Galvani and Bandeira Properties; Recoveries of 82% and 78% Producing High-Quality Concentrate Grade of 6% Li2O
December 15 2022 - 7:39AM
Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF) (“Lithium Ionic” or
the “Company”) is pleased to announce excellent initial results
from metallurgical tests carried out on drill core samples from its
Outro Lado target (Galvani Claims) and the Bandeira target, two of
several prospective 100%-owned lithium-focused properties in the
state of Minas Gerais, Brazil, located in proximity to the
lithium-producing CBL mine and Sigma Lithium’s Grota do Cirilo
property, the largest lithium hard rock deposit in the Americas.
Lithium Ionic engaged specialists from SGS
Geosol in Vespasiano, Brazil, one of the country’s most
distinguished research laboratories, to undertake its metallurgical
test work program. The test work was carried out on two-20 kgs
samples to test the recovery of lithium from spodumene ore and to
evaluate recovery processes.
Result Highlights:
- Excellent lithium recoveries of
77.99% (Bandeira) and 82.52% (Galvani) achieved with Heavy Liquid
Separation (HLS) gravity separation tests, producing a high-quality
lithium concentrate of 6%, with low iron content of 0.24% and
0.51%, respectively.
- Head grade samples for Bandeira and
Galvani was 1.62% lithium concentrate (“Li2O”) and 1.69% Li2O,
respectively, reflecting average exploration drilling grades
obtained over the last year. Two-20 kgs samples were tested, which
were collected from drill core samples.
- Three size fractions
(-12.5mm+0.5mm) were evaluated.
- Recovery improvements of the fines
fraction, -0.5mm, which carries about 11% of Li2O for the Bandeira
and 12% of Li2O for the Outro Lado, will be evaluated using
comminution and flotation in the next phase of testing.
- Further metallurgical test work,
including a pilot plant circuit using the industrial dense media
separator of FeSi15, will be undertaken by SGS Geosol in the coming
months.
Blake Hylands, Chief Executive Officer of
Lithium Ionic, commented, “These initial met test results are very
promising for the future of our project. Although additional test
work is required, the initial samples tested have demonstrated that
our main ore bodies can generate a high-quality spodumene
concentrates.”
HLS results for Bandeira are presented in Table
1 and Figure 1, while the Galvani (Outro Lado) results are
presented in Table 2 and Figure 2.
Table 1: HLS Bandeira composite sample
results (-12.5mm+0.5mm)
https://www.globenewswire.com/NewsRoom/AttachmentNg/9d86cd3a-71e8-49b7-b7f8-701ee9b0454f
Figure 1: Cumulative
Li2O recovery, mass yield and
Li2O grade for the four specific
densities tested, for the Bandeira composite sample.
https://www.globenewswire.com/NewsRoom/AttachmentNg/72b97318-c694-44e6-974d-89eef1107bb7
Table 2: HLS Outro Lado (Galvani) composite
sample results (-12.5mm+0.5mm)
https://www.globenewswire.com/NewsRoom/AttachmentNg/a325664a-ef02-441d-8bd2-3cf33b63f6bf
Figure 2: Cumulative
Li2O recovery, mass yield and
Li2O grade for the four specific
densities tested, for the Outro Lado (Galvani) composite
sample.
https://www.globenewswire.com/NewsRoom/AttachmentNg/277fe934-d21a-4c10-a0bd-15821d8e6855
About Lithium Ionic Corp.
Lithium Ionic is a Canadian-based
lithium-focused mining company with properties covering ~2,000
hectares located in the prolific Aracuai lithium province in Minas
Gerais State, Brazil, which boasts excellent infrastructure,
including highways, access to hydroelectrical grid power, water,
and nearby commercial ports. Its Itinga and Galvani claims are
located in the same district as the lithium-producing CBL mine and
development-stage Sigma Lithium Corp.’s large Barreiro and Xuxa
lithium deposits.
Qualified Persons
The technical information in this news release
has been prepared by Carlos Costa, Vice President Exploration of
Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic,
and both are “qualified persons” as defined in NI 43-101.
For more information please
contact:
Lithium Ionic Corp. Blake
Hylands, P.Geo.Chief Executive OfficerEmail:
bhylands@lithiumionic.com
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements that
constitute “forward-statements.” Such forward looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, performance or
achievements, or developments to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Although the Company
believes, in light of the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue
reliance should not be placed on them because the Company can give
no assurance that they will prove to be correct. When used in this
press release, the words “estimate”, “project”, “belief”,
“anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or
“should” and the negative of these words or such variations thereon
or comparable terminology are intended to identify forward-looking
statements and information. The forward-looking statements and
information in this press release include information relating to
the prospectivity of Lithium Ionic’s mineral properties, the
mineralization and development of the Company’s mineral properties
and other mining projects and prospects thereof; the results of
metallurgical testing and the Company’s future plans. Such
statements and information reflect the current view of the Company.
Risks and uncertainties that may cause actual results to differ
materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. The forward-looking
information contained in this news release represents the
expectations of the Company as of the date of this news release
and, accordingly, is subject to change after such date. Readers
should not place undue importance on forward-looking information
and should not rely upon this information as of any other date. The
Company undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
press release.
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