Investor Presentaiton
MINERAL RESOURCE ESTIMATES
SALINAS MRE (JANUARY 2024)
Deposit /
Resource
Grade
Contained
1.
Category
Cut-Off Grade
(tonnes)
(% Li20)
LCE (t)
Measured
940,000
1.22
28,360
2.
Salinas
Open-Pit*
(0.5% cut-off)
Indicated
3,140,000
1.11
86,194
Measured + Indicated
4,080,000
1.14
114,554
Inferred
5,540,000
0.99
135,634
3.
The spodumene pegmatite domains were modeled using composites with Li20
grades greater than 0.3%
The mineral resource estimates were prepared in accordance with the CIM
Standards, and the CIM Guidelines, using geostatistical and/or classical methods,
plus economic and mining parameters appropriate to the deposit.
Mineral Resources are not ore reserves and are not demonstrably economically
recoverable.
Measured
170,000
0.93
3,910
Salinas
Underground
4.
Grades reported using dry density.
Indicated
1,610,000
1.01
40,213
Measured + Indicated
1,780,000
1.00
44,123
5.
The effective date of the MRE is January 4, 2024.
(0.5% cut-off)
Inferred
3,360,000
0.95
78,938
6.
The QP responsible for the MRE is geologist Leonardo Soares (MAIG #5180).
Measured
Indicated
1,110,000
1.18
32,270
7.
4,750,000
1.08
126,407
The MRE numbers provided have been rounded to the estimate relative precision.
Values cannot be added due to rounding.
TOTAL
Measured + Indicated
5,860,000
1.09
158,678
8.
The MRE is delimited by Lithium Ionic Baixa Grande Target Claims (ANM).
Inferred
8,900,000
0.97
214,572
9.
The MRE was estimated using ordinary kriging in 16m x 16m x 4m blocks.
For further detail, see press release dated April 4, 2024
10. The MRE report table was produced in Leapfrog Geo software.
11.
The reported MRE only contains fresh rock domains.
12. The MRE was restricted by a pit shell using a selling price of 2750 US$/t Conc.,
Mining cost of 2.50 US$/ton mined, processing cost of 12.50 US$/ ton ROM and a
selling cost of 112.56 US$/t conc.
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