Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Released June 04, 2024 | SUGAR LAND
en
Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Lithium Ionic's (Toronto, Canada) feasibility study of its Brazil Bandeira mine project suggests annual production of 24,200 tons of lithium carbonate equivalent (LCE) during a mine life of 14 years. The company could mine a total of 17.2 million tons of ore over the project's lifespan.
The Bandeira project is located in Brazil's Minas Gerais state and covers 157 hectares, accounting for about 1% of the company's land package across the state. According to the company's statement, the project is well connected to major highways and is about 570 kilometers (354 miles) from the port of Ilheus in Bahia.
The construction of Bandeira could begin in third-quarter 2025 with an expected production start in third-quarter 2026. The project's operating cost would be US$444 per ton of 5.5% Li2O spodumene concentrate produced. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can click here for the project report and click here for the plant profile.
"We look forward to continuing to rapidly advance Bandeira towards production, recognizing that this will deliver the most value to our shareholder; however, we are very excited by the growth opportunities and development potential at our other regional properties, which could present significant future scale opportunities for the company," said Lithium Ionic Chief Executive Officer Blake Hylands in a May 29 press release.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
The Bandeira project is located in Brazil's Minas Gerais state and covers 157 hectares, accounting for about 1% of the company's land package across the state. According to the company's statement, the project is well connected to major highways and is about 570 kilometers (354 miles) from the port of Ilheus in Bahia.
The construction of Bandeira could begin in third-quarter 2025 with an expected production start in third-quarter 2026. The project's operating cost would be US$444 per ton of 5.5% Li2O spodumene concentrate produced. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can click here for the project report and click here for the plant profile.
"We look forward to continuing to rapidly advance Bandeira towards production, recognizing that this will deliver the most value to our shareholder; however, we are very excited by the growth opportunities and development potential at our other regional properties, which could present significant future scale opportunities for the company," said Lithium Ionic Chief Executive Officer Blake Hylands in a May 29 press release.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
