Atlas Lithium Provides Exploration Update, Says Doubled The Size Of Its Lithium Exploration Footprint In Brazil
$ATLX
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
- Atlas Lithium has more than doubled its lithium exploration portfolio in Brazil to approximately 539 km² (approximately 133,294 acres). Most of the new claims are in the promising Doce River and Mucuri Valleys, an exciting new lithium jurisdiction in Brazil that has been relatively underexplored for lithium.
- Atlas Lithium's dense media separation plant to produce lithium concentrate has finished trial assembly and is being prepared for shipment to site in Q3 2024, with the goal of commissioning and commencing production at the flagship Neves Project in Q4 2024.
- The Company is progressing on a Definitive Feasibility Study (DFS) for the Neves Project, which is expected to be completed and released prior to commencing initial production. The DFS will incorporate an updated Mineral Resource Estimate (MRE) encompassing the Anitta 1, Anitta 2, and Anitta 3 deposits.