Sayona Mining Expands Authier Lithium Resource

THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released an updated independent JORC Mineral Resource estimate for the company’s Authier lithium project in Quebec, Canada.

Sayona Mining indicated the expanded Mineral Resource estimate follows on from a recent 3,967 metre drilling campaign.

The contained lithium dioxide Mineral Resource for the Authier project has increased by 68 per cent from 87,302 tonnes to 146,700 tonnes compared to the July 2016 JORC Mineral Resource estimate.

The average grade has increased from 0.96 per cent lithium dioxide (Li20) to 1.07 per cent Li2O, and 86 per cent of the contained Mineral Resource is categorised within the Measured and Indicated Mineral Resource categories.

“The 2016 drilling program has significantly expanded the size of the Mineral Resource and improved the average grade of the deposit, especially at shallow levels which would be mined first in a future operation,” Sayona Mining chief executive officer Corey Nolan said in the company’s announcement to the Australian Securities Exchange.

“The size of the contained lithium dioxide Mineral Resource has increased 68 per cent, and mineralisation within the Measured and Indicated Mineral Resource categories has also increased from 77 per cent to 86 per cent compared to the previous July 2016 JORC Mineral Resource.

“Mineralisation remains open in all directions and more drilling is planned in early 2017 to expand the resource for the Definitive Feasibility Study.”

Email: info@sayona.mining.com.au

Website: www.sayonamining.com.au