PROPERTIES: BRAZLI 1
Brazli 1 property
2,956 hectare (29 square kilometers) mineral claim block in Brazil’s Minas Gerais State
regional projects in Brazil
Sigma Lithium (NASDAQ: SGML, TSXV: SGML)
Sigma Lithium is a company dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. Phase 1 of the project is expected to produce 270,000 tonnes of Green Lithium annually (36,700 LCE annually). Phase 2 & 3 of the project are expected to increase production to 766,000 tonnes annually (or 104,200 LCE annually). Current market cap ~$5 billion CDN.
Latin Resources (ASX:LRS)
Latin Resources is a company focused on its flagship Salinas Lithium Project in the pro-mining district of Minas Gerais Brazil, where the Company has defined a total Mineral Resource Estimate at its ColinaLithium Deposit of 45.2Mt @ 1.34% Li2O, reported above a cut-off of 0.5% Li2O. Current market cap ~$950 million AUD.
Lithium Ionic (TSX-V: LTH)
Lithium Ionic is a company focused on advancing its flagship Itingaand Salinas projects. Located in Minas Gerais state, Brazil, the Company’s properties span 14,182 hectares in this prolific lithium province and mining-friendly state. A 30,000-metre drilling program was initiated in late 2022 at two primary targets within its ItingaProject, Bandeira and Galvani, for which results will culminate inan initial mineral resource estimate, which is expected in Q2 2023. Current market cap ~$275M CDN.
Companhia Brasileira de Lítio (CBL)
Companhia Brasileira de Lítio operates its underground mine called Mina da Cachoeira with a reserve of 4 million tons and capacity to produce 42,000 tons per year of Spodumene concentrate (5.5% Li2O) and has been doing so since 1991.