Brazilian Portfolio BACK – Spark Energy Minerals Inc.

BRAZILIAN PORTFOLIO

Minas Gerais Project, Brazil

Spark Energy Minerals has secured a lithium ground position of ~ 34,000 hectares, with multiple anomalies targets defined within the prospective ‘lithium valley’
Drilling targets will be the focus for 2023 at the three lithium licenses to confirm the known potential for lithium in spodumene pegmatites in this region and over the lithium licenses
These licenses are in the most extensive exploration acreage of Brazil near by to producers Sigma Lithium and the government mine, CBL. The focus is on exploration for outcropping pegmatites in preliminary prospecting.
TSX-V listed Sigma Lithium (TSXV: SGMA) discovered the Grota do Cirilio lithium deposit in 2017growing to a current market capitalization of US$4 billion.
Sigma Lithium Resources is the most active lithium explorer in the region with a world-class lithium resource base which currently stands at 45.7Mt @1.38% Li2O contained within four separate deposits, with a combined footprint of approximately 105 hectares.

LITHIUM + BRAZIL

Brazil is a Tier 1 Mining Jurisdiction that accounts for over 30% of the World’s demand for Iron Ore.
It is the largest exporter of Lithium, Tin, and Manganese, and has rich reserves of Gold, Nickel, Bauxite, and Niobium.
Brazil is also the biggest miner of REE outside of China
It is known for its pro-mining climate supported by its President encouraging foreign projects. Accords permit three years for Exploration Leases and up to three years extension, which can be converted to Mining Licences.
There is no governmental ownership of mining projects.
The country has a solid record of honoring mining agreements
Brazil is the 9th largest economy in the World with a nominal GDP of $1.85 Trillion driven mostly by the mining sector