\n\n Exploration Zones<\/span><\/p>\n<\/td>\n | \n 2019 M&I<\/b><\/span><\/p>\n<\/td>\n | \n 2019 Inferred<\/b><\/span><\/p>\n<\/td>\n | \n Lower Range Tonnage (Mt)<\/b><\/span><\/p>\n<\/td>\n | \n Upper Range Tonnage (Mt)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Murial South<\/span><\/p>\n<\/td>\n | \n 5.6<\/span><\/p>\n<\/td>\n | \n 0.7<\/span><\/p>\n<\/td>\n | \n 18<\/span><\/p>\n<\/td>\n | \n 20<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Lavra do Meio<\/span><\/p>\n<\/td>\n | \n 2.3<\/span><\/p>\n<\/td>\n | \n 0.3<\/span><\/p>\n<\/td>\n | \n 5<\/span><\/p>\n<\/td>\n | \n 6<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Tamboril and Maxixe <\/span><\/p>\n<\/td>\n | \n –<\/span><\/p>\n<\/td>\n | \n –<\/span><\/p>\n<\/td>\n | \n 3<\/span><\/p>\n<\/td>\n | \n 4<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Total<\/i><\/b><\/span><\/p>\n<\/td>\n | \n 7.9<\/b><\/i><\/span><\/p>\n<\/td>\n | \n 1.0<\/b><\/i><\/span><\/p>\n<\/td>\n | \n 26<\/b><\/i><\/span><\/p>\n<\/td>\n | \n 30<\/b><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n \n\n<\/td>\n<\/tr>\n | \n\n Note 1: The potential quantity and grade of the lithium mineralization for Murial South, Lavra Do Maio, Maxixe and Tamboril are conceptual in nature, there has been insufficient exploration to estimate Mineral Resources and it is uncertain if exploration will confirm the target ranges.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\nThe company is highly encouraged with the initial assay results from the Tamboril and Maxixe deposits that suggest that the mineralization encountered is directly related to the Phase 3 mine and confirms that Phase 3 and Phase 4 are a continuous mineralization.<\/p>\n Further assay results for the completed holes at Maxixe and Tamboril are pending and will be released once received to produce an updated Mineral Resource Estimate.<\/p>\n Phase 5 and Accelerated Plan<\/b><\/p>\n As part of the Exploration Program, Sigma Lithium has also identified additional pegmatites that could potentially yield up to 20 Mt of incremental mineral resource in a potential Phase 5.<\/p>\n The Company is conducting significant exploration RC drilling, trench work and sampling, in 57 mineralized pegmatites (out of the 200 pegmatites mapped within the Company’s mineral concessions). The Exploration Program defined the surface area and the weathered mineralogy for these 57 pegmatites. The Accelerated Plan will include drilling exploratory core diamond drill holes into each of these targets.<\/p>\n The Company increased its exploration efforts in an Accelerated Program: a total of 8 core diamond drills currently operating in the Grota do Cirilo region with 20,000m<\/span> planned for the next 7 weeks. The current drilling priority is to confirm and further extend the size of the pegmatite swarm at the Phase 4 area.<\/p>\nIran Zan, MAIG, co-Head of Geology and co-General Manager, “Our Phase 4 is the result of the hard work and relentless commitment of Sigma’s geology team over the last year. The results derived from these months of drilling activities are impressive, confirming the projections for Phase 4. The exploration campaign provided an understanding of the connectivity of the pegmatites in the area between Phase 3 and Phase 4. The ore bodies show consistent strike and depth with intercepts, grades, and coarse spodumene crystal quality. We are very optimistic about the 2.3 km long strike of Phase 4 and its depth of approximately 300 meters, which is still open to the east.”<\/i><\/p>\n Current Mineral Resource and Phase 1, 2 and 3 Results<\/b><\/p>\n The Amended and Restated Technical Report from June 12, 2023<\/span> shows a Consolidated Mineral Resource on the Grota do Cirilo property of 77Mt of Measured and Indicated Resources at a grade of 1.43% Li2O and Inferred Resources of 8.6Mt also at a grade of 1.43% Li2O (Table 2).<\/p>\nTables 3, 4 and 5 show the contribution to the Consolidated Resource from Phases 1, 2 and 3.<\/p>\n Please refer to the Company’s National Instrument 43-101 technical report titled “Grota do Cirilo Lithium Project Araçuaí and Itinga Regions, Minas Gerais, Brazil<\/span>, Amended and Restated Technical Report” issued June 12, 2023<\/span>, for further information on the Mineral Resource statements.<\/p>\nTable 2: Grota do Cirilo Consolidated Mineral Resource June 2023<\/span><\/b><\/p>\n\n \n\n\n Cut-Off Grade (% Li2<\/sub>O)<\/span><\/b><\/span><\/p>\n<\/td>\n\n Category <\/span><\/b><\/span><\/p>\n<\/td>\n | \n Tonnes (Mt) <\/span><\/b><\/span><\/p>\n<\/td>\n | \n (% Li2<\/sub>O) <\/span><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/b><\/span><\/p>\n<\/td>\n | \n Measured <\/span><\/b><\/span><\/p>\n<\/td>\n | \n 37.1<\/b><\/span><\/p>\n<\/td>\n | \n 1.43 %<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/b><\/span><\/p>\n<\/td>\n | \n Indicated <\/span><\/b><\/span><\/p>\n<\/td>\n | \n 39.9<\/b><\/span><\/p>\n<\/td>\n | \n 1.43 %<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/b><\/span><\/p>\n<\/td>\n | \n Measured & Indicated <\/span><\/b><\/span><\/p>\n<\/td>\n | \n 77.0<\/b><\/span><\/p>\n<\/td>\n | \n 1.43 %<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/b><\/span><\/p>\n<\/td>\n | \n Inferred <\/span><\/b><\/span><\/p>\n<\/td>\n | \n 8.6<\/b><\/span><\/p>\n<\/td>\n | \n 1.43 %<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\nTable 3: Phase 1 Mineral Resource Estimate<\/b><\/p>\n\n \n\n\n Cut-Off Grade (% Li2O)<\/span><\/b><\/span><\/p>\n<\/td>\n | \n Category <\/span><\/b><\/span><\/p>\n<\/td>\n | \n Tonnes (Mt) <\/span><\/b><\/span><\/p>\n<\/td>\n | \n (% Li2O) <\/span><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured <\/span><\/p>\n<\/td>\n | \n 10.2<\/span><\/p>\n<\/td>\n | \n 1.59<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Indicated <\/span><\/p>\n<\/td>\n | \n 7.2<\/span><\/p>\n<\/td>\n | \n 1.49<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured & Indicated <\/span><\/p>\n<\/td>\n | \n 17.4<\/b><\/span><\/p>\n<\/td>\n | \n 1.55<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Inferred <\/span><\/p>\n<\/td>\n | \n 3.8<\/span><\/p>\n<\/td>\n | \n 1.58<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\nTable 4: Phase 2 Mineral Resource Estimate<\/b><\/p>\n\n \n\n\n Cut-Off Grade (% Li2O)<\/span><\/b><\/span><\/p>\n<\/td>\n | \n Category <\/span><\/b><\/span><\/p>\n<\/td>\n | \n Tonnes (Mt) <\/span><\/b><\/span><\/p>\n<\/td>\n | \n (% Li2O) <\/span><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured <\/span><\/p>\n<\/td>\n | \n 18.7<\/span><\/p>\n<\/td>\n | \n 1.41<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Indicated <\/span><\/p>\n<\/td>\n | \n 6.3<\/span><\/p>\n<\/td>\n | \n 1.30<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured & Indicated <\/span><\/p>\n<\/td>\n | \n 25.1<\/b><\/span><\/p>\n<\/td>\n | \n 1.38<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Inferred <\/span><\/p>\n<\/td>\n | \n 3.8<\/span><\/p>\n<\/td>\n | \n 1.39<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\nTable 5: Phase 3 Mineral Resource Estimate<\/b><\/p>\n\n \n\n\n Cut-Off Grade (% Li2O)<\/span><\/b><\/span><\/p>\n<\/td>\n | \n Category<\/span><\/b><\/span><\/p>\n<\/td>\n | \n Tonnes (Mt)<\/span><\/b><\/span><\/p>\n<\/td>\n | \n (% Li2O)<\/span><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured <\/span><\/p>\n<\/td>\n | \n 2.4<\/span><\/p>\n<\/td>\n | \n 1.56<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Indicated <\/span><\/p>\n<\/td>\n | \n 24.3<\/span><\/p>\n<\/td>\n | \n 1.48<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n 0.5 %<\/span><\/p>\n<\/td>\n | \n Measured & Indicated <\/span><\/p>\n<\/td>\n | \n 26.7<\/b><\/span><\/p>\n<\/td>\n | \n 1.49<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\nDetailed Phase 4 Exploration Program<\/b><\/p>\n Sigma Lithium’s Phase 4 deposits are in the Cirilo Grota region, in the same continuous mineralization line to the Phase 2 and Phase 3 deposits. The Phase 4 pegmatite dikes run parallel to those defined at the Phases 2 and 3 deposits. Drill testing to date has confirmed that the Phase 4 pegmatites extend to at least 400 m<\/span> below surface.<\/p>\nDrilling results from the Maxixe and Tamboril deposits have confirmed the presence of spodumene crystals with assay results confirming substantial intersections of strong lithium mineralization. Significant results include the following highlight drilling intercepts:<\/p>\n \n- \n
\n- DH – MAX – 03 1.40% Li2O over 26.0m<\/span>, including 2.34% Li2O over 9.07 m<\/span><\/li>\n
- DH – TAM – 10 1.00 % Li2O over 7.03 m<\/span>, including 1.23% Li2O over 3.00 m<\/span><\/li>\n
- DH – LDM – 04 1.79% Li2O over 27.61 m<\/span>, including 3.26% Li2O over 10.00 m<\/span><\/li>\n
- DH – LDM – 05 1.31% Li2O over 31.85 m<\/span>, including 1.81% Li2O over 11.29 m<\/span><\/li>\n
- DH – LDM – 14 1.17% Li2O over 22.83 m<\/span>, including 2.02% Li2O over 7.81 m<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Table 6: Phase 4 Intercept Results<\/i><\/p>\n\n \n\n\n BHID<\/span><\/p>\n<\/td>\n | \n From (m)<\/span><\/p>\n<\/td>\n | \n To (m)<\/span><\/p>\n<\/td>\n | \n Length (m)<\/span><\/p>\n<\/td>\n | \n Grade (Li2O%)<\/span>)<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n DH-MUR-021<\/span><\/p>\n<\/td>\n | \n 163<\/span><\/p>\n<\/td>\n | \n 198<\/span><\/p>\n<\/td>\n | \n 35<\/span><\/p>\n<\/td>\n | \n 1,39<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n DH-MUR-027<\/span><\/p>\n<\/td>\n | \n 151<\/span><\/p>\n<\/td>\n | \n 177<\/span><\/p>\n<\/td>\n | \n 26<\/span><\/p>\n<\/td>\n | \n 1,78<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n DH-MUR-031<\/span><\/p>\n<\/td>\n | \n 142<\/span><\/p>\n<\/td>\n | \n 171<\/span><\/p>\n<\/td>\n | \n 29<\/span><\/p>\n<\/td>\n | \n 1,57<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n DH-MUR-033<\/span><\/p>\n<\/td>\n | \n 170<\/span><\/p>\n<\/td>\n | \n 192<\/span><\/p>\n<\/td>\n | \n 22<\/span><\/p>\n<\/td>\n | \n 1,32<\/span><\/p>\n<\/td>\n<\/tr>\n\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |