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Sigma Lithium announces a potential increase of its mineral resource estimate

Published by , Editorial Assistant
Global Mining Review,

Sigma Lithium Corporation, a global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, responsibly sourced chemical grade lithium concentrate, has provided an update on its exploration programme to date, conducted in close coordination with SGS Canada, including initial mineral resource potential for Phase 4 and plans for acceleration of the exploration programme.

The company expects the results of the exploration programme could represent an increase of its total mineral resource estimate to 110 Mt:

  • The company increased the exploration potential of Phase 4 to approximately 26 to 30Mt, with ore body extensions continuing to the east, based on the drilling results received to date.
  • This is a significant 25% potential increase to the Grota do Cirilo mineral resource estimate, delivering further consistent high-grade assay results which are to be incorporated into an updated NI 43-101 compliant technical report expected to be released in Q4 2023.

Ana Cabral, CEO commented: “The incredible success of our exploration campaign establishes Sigma Lithium as one of the largest lithium companies globally. Sigma is a current large-scale and low-cost producer but also has mineral resource estimates to potentially surpass 110 million t of opencast deposits. This scale underscores our strategic relevance to become the foundation of global supply chains that will deliver the decarbonisation of EV batteries.

“We consistently execute and deliver, and by unlocking the NI 43-101 compliant mineral resource potential of the former artisanal mines in our mineral concessions, we are validating and closing the gap between the large scale of mineral resources registered within our mineral concessions in our regulatory body, ANM in Brazil and the NI 43-101,” she concluded.

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Lithium mining news Brazilian mining news