Commodity
Lithium
Location
Minas Gerais, Brazil
Operator
Royalty Details
Terms: Altius owns a 0.1%GOR on the project, and is also a significant shareholder of Lithium Royalties Corporation, which owns a 0.90% NSR on the project.
Asset Highlights
Located in the Eastern Brazilian Pegmatite Province (EBP) that stretches across 150,000km2, Grota do Cirilo is the largest known lithium deposit in Brazil and one of the largest in the world.
| Asset Profile | |
|---|---|
| 2024 Royalty Revenue | C$0.1 million |
| Annual Production Capacity | 0.5 million tonnes per annum |
| Estimated Mine Life | 25 years (Proven and probable reserves at Dec 31 2024) |
Overview
Grota do Cirilo commenced production in April 2023 and is situated in Minas Gerais, Brazil. The project is the country’s largest known lithium deposit and contains high-grade spodumene that serves as a critical resource for lithium-ion battery production. In Q3 of 2024, production continued to ramp up and obtain premium quality product pricing at the mine. Operator Sigma Lithium recently announced the commencement of earthworks for its Phase 2 expansion project.
In 2024, the company announced increasing its Proven and Probable Reserve balance by 40% to 77.0 million tonnes from 54.8 million tonnes.
