SIGMA LITHIUM ANNOUNCES A POTENTIAL INCREASE OF ITS MINERAL RESOURCE ESTIMATE TO OVER 110MT, AMONGST LARGEST SCALE GLOBALLY
Retrieved on:
Mittwoch, November 1, 2023
Lithium, Technical Report Archive & Image Library, Technical report, EV, Feasibility study, Phase 4, SEDAR, Chinese Lunar Exploration Program, Carbon, National instrument, ANM, Artemis program, National Instrument 43-101, Meiō, NI, Lavra, Canada, SAO, Acceleration, Rare-earth element, Uranium mining, Mining
SAO PAULO, Nov. 1, 2023 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, responsibly sourced chemical grade lithium concentrate, is pleased to provide an update on its exploration program to date, conducted in close coordination with SGS Canada, including initial mineral resource potential for Phase 4 ("Exploration Program") and plans for acceleration of the Exploration Program ("Accelerated Plan").
Key Points:
- Expected to represent an approximate 25% potential increase of mineral resource estimate of Sigma Lithium to 110 million tonnes, placing it amongst the largest scale lithium companies globally.
- The Company expects to further increase mineral resource resulting from an Accelerated Plan to drill a Phase 5 and beyond.
- Exploration programs to date have identified up to 20Mt of potential additional mineral resource in a spodumene bearing pegmatite, which could represent a potential Phase 5.
- Ana Cabral, CEO commented: "The incredible success of our exploration campaign establishes Sigma Lithium as one of the largest lithium companies globally.