11:54 AM EDT, 04/29/2024 (MT Newswires) -- Lithium Ionic ( LTHCF ) was last seen up 2.7%% after it reported new assay results for 23 drill holes from its feasibility-stage Bandeira Lithium Project in northern Minas Gerais State, Brazil.

Highlights from the latest high-grade results from Bandeira, include:

1.25% Li2O over 49.8m, incl. 1.46% Li2O over 27m;

1.46% Li2O over 40m,

1.86% Li2O over 24.1m and and 2.13% Li2O Over 20m.

"We continue to unlock further value at Bandeira with these latest high-grade results, some of which were not included in our latest MRE that expanded the total tonnes of the deposit over 42% from 29.5Mt to 41.9Mt," said chief executive Blake Hylands. "As we approach the completion of our Feasibility Study for Bandeira, these results highlight the potential for further expansion of the project. We continue to prioritize the advancement of Bandeira to production."

Lithium Ionic ( LTHCF ) was last seen up C$0.02 to C$0.76 on the TSX Venture Exchange.

Price: 0.76, Change: +0.02, Percent Change: +2.70