Lithium Ionic
Financials:
Primary tickers: TSXV:LTH, OTCQX:LTHCF, FRA:H3N
Stage of development: Exploration, Development
Primary mineral: Lithium
Project to promote: Itinga Lithium Project
Project location: Brazil
Website: lithiumionic.com
Corporate presentation: Click here
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its Itinga and Salinas group of properties cover 14,182 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. A recent PEA for the Bandeira Project indicates a long-life, low-cost, and highly profitable project with a Post-tax NPV8% of US$1.6B (~C$2.2B) and IRR of 121%. Its Definitive Feasibility-stage Bandeira Project is situated in the same region as CBL’s Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.
PEA Statistics:
1, Post-tax Net Present Value (“NPV”) 8%: US$1.6 billion (~C$2.2 billion)
2. Post-tax Internal Rate of Return (“IRR”): 121%
3. Plant Milling Rate: 1.3Mtpa
4. Mine Life: 20-years
5. After-tax payback: 14 months
6. LOM annual production: 217,700t SC5.5 equivalent
7. Pre-tax annual avg. free cash flow: $243 million
Cash: ~CAD 20M
Debt: NIL
Map of Projects
Management Profile
Blake Hylands – Chief Executive Officer
Mr. Hylands is a Professional Geoscientist with over a decade of experience in advanced and early-stage exploration. Mr. Hylands is co-founder of Troilus Gold Corp. where he led their technical team to the discovery of over eight million gold equivalent ounces at their development stage asset in northern Quebec. He has successfully trained and managed large teams with a focus in gold, base metals, and iron ore in Canada and internationally including South America and Europe. He has held numerous board positions for junior mining companies and has extensive professional experience in capital markets and community outreach including executive roles in corporate development and communications with First Nations. Mr. Hylands has a B.Sc in Geology from the University of Western in London Ontario.
What is your rationale for taking part in 121 Mining Investment?
We are looking to raise awareness of our project among investors
What recent news would you like to highlight to investors attending?
Nov 15, 2023 – Lithium Ionic drills 2.45% Li2O over 9.1m and 1.61% Li2O over 11.9m at Bandeira, Minas Gerais, Brazil
Nov 6, 2023 – Lithium Ionic drills 1.64% Li2O over 13.5m, 2.18% Li2O over 5.8m and 1.95% Li2O over 5.7m at Bandeira, Minas Gerais, Brazil
Nov 2, 2023 – Lithium Ionic drills 2.11% Li2O over 9.9m, 1.73% Li2O over 10.4m and 1.68% Li2O over 10.0m at Bandeira, Minas Gerais, Brazil
Oct 19, 2023 – Lithium Ionic Announces PEA and Expanded Mineral Resource Estimate for Bandeira; Post-tax NPV8% US$1.6 Billion & IRR of 121%
Oct 10, 2023 – Lithium Ionic Increases Ownership Stake in Salinas Project to 85%
Sep 28, 2023 – Lithium Ionic Upgrades to OTCQX Best Markets
Sep 27, 2023 – Lithium Ionic drills 1.94% Li2O over 15.0m, 1.91% Li2O over 9.8m and 1.68% Li2O over 9.1m at Bandeira, Minas Gerais, Brazil
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Bandeira Definitive Feasibility and Environmental Impact Assessment expected by the end of 2023, triggering the environmental permitting process
6 Months:
Continuous exploration results
What do you think makes your company such a compelling investment?
1) Recent PEA results that include a post-tax NPV8% of US$1.6B, IRR of 121%, 20 year mine life, and 217,700 tpa 5.5 Li2O spodumene production
2) All of Lithium Ionic’s projects have been granted “priority status” by state government bodies which accelerates our timeline to production within a high-grade lithium district
3) 2nd largest mineral rights holder in the region indicating an excellent long-term discovery potential