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Sayona Mining Drills Further High-Grade Moblan Intersections

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released results of its 2023 drilling campaign at the company’s Moblan lithium project in the James Bay region of Quebec, Canada.

Sayona Mining explained the drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories.

The company reported that a total of 34 drillholes had revealed the potential of a single, large continuous orebody with the 2023 drill program demonstrating the potential to increase the mineral resource base at Moblan.

Individual dykes have been documented and modelled comprising the Main Zone, South Zone, Inter Zone and Moleon domain.

Drilling results include:

New South Pegmatites (East):

1331-23-515
41.8 metres at 1.44 per cent lithium oxide (Li2O) from 206.2m; and

1331-23-516
40m at 1.37 per cent Li2O from 253m.

New South Pegmatites (West):

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39.55m at 1.63 per cent Li2O from 38m.

Moleon Pegmatites:

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44.95m at 1.56 per cent Li2O from 81.05m; and

1331-23-689
46.75m at 1.49 per cent Li2O from 197.35m.

“Moblan continues to present outstanding high-grade drilling results over wide intersections,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Today’s announcement emphasises the continuation of known mineralisation and areas of in-fill between zones, suggesting considerable potential for uncovering additional extensions to this premium lithium deposit.

“Recent results from both Moblan and NAL reinforce the quality and potential of both the Abitibi-Temiscamingue and Eeyou Istchee James Bay hubs which provides Sayona an abundance of options and potential flexibility for development of an integrated lithium business in Quebec.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Drills Thick, High-Grade Moblan Intersections

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) released results from recently completed drilling activity at the company’s Moblan lithium project (Sayona 60%; Investissement Quebec 40%) in northern Quebec, Canada.

Sayona Mining said the results of the 94-hole program demonstrated the high-grade nature of Moblan.

The drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories.

Highlights include:

South Pegmatites:

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40.7m at 1.52 per cent lithium oxide (Li2O) from 130.5m;

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78.2m at 1.55 per cent Li2O from 51.5m; and

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57.05m at 1.48 per cent Li2O from 41.15m;

Inter Pegmatites:

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44.75m at 1.41 per cent Li2O from 250.15m;

1331-23-503
49.7m at 1.61 per cent Li2O from 143.3m; and

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45m at 1.17 per cent Li2O from 291.5m.

Moleon Pegmatites:

1331-23-552
30.2m at 1.73 per cent Li2O from 158.8m;

1331-23-582
44.25m at 1.29 per cent Li2O from 214m;

1331-23-583A
42.75m at 1.85 per cent Li2O from 176.8m;

1331-23-584
36.85m at 1.77 per cent Li2O from 181.95m; and

1331-23-585
43.9m at 1.66 per cent Li2O from 139.9m.

“We are delighted with the thick, high-grade drilling results at Moblan confirming it is one of the premier hard rock lithium deposits in North America,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Most excitingly, it is clear there remains considerable potential for further expansion of the deposit which is open in all directions.

“The results reported today have highlighted extensions to known mineralisation and most significantly a number of new zones of mineralisation.

“The drilling has also identified mineralisation between known zones and MRE pit shells which has the potential to increase the mineral resource estimate.

“We are receiving and assessing further drilling results from the 2023 program and will report those to shareholders as soon as possible.

“Additionally, we have now commenced a further drilling program to be completed throughout 2024.

“Moblan forms the centrepiece of our James Bay lithium hub and has an extremely bright future supplying Québec-produced lithium derivatives into the expanding North American battery and EV sector.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Defines High Potential Tabba Tabba Pegmatites

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has completed its first exploration drilling campaign at the company’s 100 per cent-owned Tabba Tabba lithium project in Western Australia.

Sayona Mining reported the drilling identified high potential pegmatite systems containing caesium and tantalum.

Based on these results, Sayona plans to conduct deeper drilling along a 7.5km prospective corridor located immediately south of the historic Tabba Tabba tantalum mine, where recent exploration by Wildcat Resources (ASX: WC8) has also identified lithium mineralisation.

An orientation ground gravity geophysical survey has commenced to identify the prospective gabbro – sediment contact for targeting, as this is an important control for lithium mineralisation within the area.

Reverse Circulation (RC) drilling is planned after the completion of the gravity survey to test existing and new gravity defined targets within fresh rock at depth.

“We are pleased with the results of the drilling program so far, which delineated a prospective lithium corridor, as we advance our wholly owned Western Australian lithium assets,” Sayona Mining director and Interim CEO James Brown said in the company’s ASX announcement.

“These encouraging drill results at Tabba Tabba identified high potential pegmatites and provide a strong basis for us to proceed to a deeper RC drilling program.

“Given the recent discoveries in neighbouring tenements, we are excited to progress the exploration for lithium mineralisation in Western Australia.

“We look forward to continuing our exploration program in both Québec, Canada and Western Australia as we expand and diversify our global lithium portfolio.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Encounters New High-Grade Lithium Zones

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has identified further multiple, high-grade lithium via recent drilling at the company’s North American Lithium (NAL) operation (SYA 75%; Piedmont Lithium 25%) in Québec, Canada.

Sayona Mining reported the drilling has identified new mineralised zones outside the project’s current Definitive Feasibility Study (DFS) pit shell.

Lithium mineralisation inside the DFS pit shell continues to show continuity and consistency in grade and thickness, which the company has interpreted to indicate the potential for resource conversion, as well as resource definition below the DFS pit shell.

The company declared results from 57 new drillholes to have greatly increased the potential for a resource upgrade at what it described as being “the current single largest source of hard rock lithium production in North America”.

Recent results include:

LAN-23-015a
30.04 metres at 1.22 per cent lithium oxide (Li2O) from 132.12m;

LAN-23-017
26.8m at 1.1 per cent Li2O from 133.85m; and

LAN-23-019
45.2m at 1.03 per cent Li2O from 206.85m.

“These results are hugely significant for NAL, showing the potential for a resource upgrade at North America’s single largest source of hard rock lithium production,” Sayona Mining interim CEO James Brown said in the company’s ASX announcement.

“Notably, some of the intercepts from this recent drilling program are thicker and higher grade than any previously encountered, increasing confidence in NAL’s mine life.

“We look forward to seeing the results from the remaining assays as we work to expand the NAL resource, further highlighting the importance of this operation for not only the joint venture partners but for the Abitibi Témiscamingue region as a key source of high-grade lithium for the battery and EV revolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Boosts Moblan Lithium Resource

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) reported an expansion to the company’s Canadian lithium resource base.

Sayona Mining released an initial JORC Mineral Resource estimate for its 60 per cent-owned Moblan lithium project (SYA 60%; SOQUEM Inc 40%), that includes maiden resources for the recent South dyke discovery.

The company said the numbers highlight the potential for its northern lithium hub in Québec’s highly prospective Eeyou Istchee James Bay region.

Sayona has now estimated a total JORC Measured, Indicated and Inferred Mineral Resource of 70.9 million tonnes at 1.15 per cent lithium oxide (Li2O) (0.25% Li2O cut‐off grade), which it claims to represent one of North America’s single largest lithium resources.

This includes higher grade tonnage opportunities with Measured, Indicated and Inferred Resource of 51.4 million tonnes at 1.31 per cent Li2O (0.55% Li2O cut‐off grade in the sensitivity analysis).

Sayona aims to further enhance the size and grade of this Resource through additional drilling, with extra drilling planned at Moblan.

“Speed and tonnes are crucial and with our North American Lithium operation in production, we are now bringing significant added resources to the market,” Sayona Mining managing director Brett Lynch said in the company’s ASX announcement.

“Moblan now represents one of the single largest lithium resources in North America, justifying our move to fast‐track a major drilling program that has delivered a resource within just a year of acquisition.

“Sayona already has the leading advanced lithium resource base in North America and this latest expansion further entrenches our competitive advantage, particularly given our projects’ favourable access to infrastructure, market proximity and availability of low‐cost, sustainable hydropower.

“Together with our established Abitibi lithium hub in the south, Sayona has quickly developed two emerging centres of lithium production amid surging demand from North America’s EV and battery revolution.

“As we progress these projects from spodumene concentrate production towards downstream processing, the significance of these assets will only increase as the market scrambles for supply.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Produces Saleable Lithium Concentrate at NAL

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THE DRILL SERGEANT: Sayona Mining (ASX: SYA) has achieved production of the first saleable spodumene (lithium) concentrate at the company’s North American Lithium (NAL) operation in Québec, Canada.

Sayona Mining has produced approximately 1,200 tonnes, including SC6 (6% lithium grade), which it said demonstrates the ability to produce commercial concentrate.

The company indicated the NAL project’s restart continues to proceed on schedule and within budget, with the first lithium shipment expected to occur in July 2023.

Sayona is targeting total production between 85,000 and 115,000 tonnes during the first half of fiscal 2024.

“Congratulations to the whole team at NAL for delivering yet another milestone on time and within budget,” Sayona Mining managing director Brett Lynch said in the company’s ASX announcement.

“Having witnessed first‐hand the operation’s restart I can only express admiration for this achievement, which demonstrates we have the experience and expertise to run a successful operation.

“As the electrification revolution continues, Québec is in pole position thanks to its sustainable hydropower, leading infrastructure and proximity to market.

“For Sayona, the opportunity is only getting bigger and we are proud to play our part as North America’s emerging leading hard rock lithium producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sayona Mining Secures US Investor Backing

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THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) announced it has received support from a new U.S. investor as it continues in its bid to land the North American Lithium mine in Québec, Canada.

Sayona Mining has reached an agreement with Obsidian Global GP, LLC, a New York‐based investment firm, under which the company has secured a facility of up to $2.75 million, with an initial tranche of $1 million of convertible notes.

The funds will be used to support the company’s bid for the North American Lithium (NAL) mine, advancing its flagship Authier lithium project and other key projects, along with providing working capital.

The company said the new investment follows an upturn in the lithium sector since the start of 2020, adding that it builds momentum in its bid for the NAL mine, which it aims to make the centrepiece of a lithium hub comprising a concentrator supplied by two or potentially three orebodies.

“We are delighted to welcome Obsidian Global as a new investor at this crucial stage in the company’s development,” Sayona Mining managing director Brett Lynch said in the company’s announcement to the Australian Securities Exchange.

“The upturn in Sayona’s market value and trading activity since the start of the new year reflects increased investor confidence, not only in our company but the lithium sector as a whole, and we are determined to build on this momentum in 2020.

“With upcoming potential re‐rating catalysts including our bid for NAL as well as the advancement of Authier’s regulatory approval process and the development of the nearby Viau‐Dallaire prospect, there is enormous potential for increased market value, providing benefits for all stakeholders.”

 

Email: info@sayonamining.com.au

Web: www.sayonamining.com.au

 

THE DAILY ROADHOUSE

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TODAY’S NEWS FROM THE RESOURCES ROADHOUSE

Pioneer Resources Receives Cade Spodumene Drilling Results

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Ardiden Inks Canadian Lithium MoU

THE BOURSE WHISPERER: Ardiden Limited (ASX: ADV) has signed a non-binding Memorandum of Understanding (MoU) with its Canadian neighbour, lithium developer, Rock Tech Lithium Inc (TSX-V: RCK).

Sayona Mining Assembles Crack Team for Operation NAL

THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) is getting serious about its bid for the North American Lithium Inc (NAL) operation, located in Québec, Canada.

 

Sayona Mining Assembles Crack Team for Operation NAL

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THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) is getting serious about its bid for the North American Lithium Inc (NAL) operation, located in Québec, Canada.

Sayona Mining has put together a team of companies and advisers it considers to have the necessary skills needed to bring the NAL operation back into business following the commencement of the formal asset sale process for the lithium mine.

The NAL operation has a lithium mine and concentrator located in Abitibi near the mining district of Val d’Or, Québec and came to Sayona’s attention last year after spodumene production was halted in February 2019 and the company obtained protection from creditors in May.

Subsequently, on 16 September, the Québec Superior Court ended creditor protection and invited bids for the company’s assets.

Sayona has mustered a wealth of operational experience together with the engineering, environmental and financial capacity to ensure a successful turnaround of NAL, potentially restoring around 120 jobs, injecting new investment and boosting the province’s lithium strategy.

The team supporting Sayona in the bidding process includes Altura Mining, which will offer operational expertise and advice through common directorships.

Altura has experience in the realm having developed a world‐class hard rock spodumene (lithium) mine through to production, with its Western Australian mine fully operational just two years after breaking ground.

Engineering consultancy BBA, which is currently undertaking a revised Definitive Feasibility Study for Sayona’s Authier lithium project, also in Canada, is also on board.

Others on the team sheet include Centre Technologiques de Résidus Industriels (CTRI) – a leading technological solution provider, engineering service provider GCM Consultants, global engineering consultancy Hatch, New York‐based independent boutique investment bank Jett Capital Advisors, project cost control and management specialists Legico‐CHP, and international professional services firm PricewaterhouseCoopers.

Sayona believes this team would give NAL its best prospects for a successful turnaround, with the added advantage of combining the synergies from the Authier project.

“We’re hitting the ground running with a team supporting the bid that has a proven track record of delivering results, with expertise in producing spodumene in similar mining facilities, taking into consideration the complexity of such production,” Sayona Mining managing director Brett Lynch said in the company’s announcement to the Australian Securities Exchange.

“Importantly too, there is the unique advantage of combining lithium produced from our emerging Authier project with the lithium at the NAL site to achieve the required quality for the manufacturing of lithium batteries, as sought by the Québec Government.

“Overall, Sayona’s team offers the best combination of experienced global mining professionals that together with the necessary engineering expertise and financial backing will ensure industry best practice is achieved, delivering returns for investors, economic benefits for Québec and positive outcomes for all stakeholders.”

 

Email: info@sayonamining.com.au

Web: www.sayonamining.com.au

 

Sayona Mining Advances Revised Authier Lithium Project DFS

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THE BOURSE WHISPERER: Sayona Mining (ASX: SYA) informed the market that a revised Definitive Feasibility Study (DFS) for the company’s Authier lithium project in Québec, Canada is on track for release next month.

Sayona Mining said the DFS is currently being reviewed by an engineering consultancy and is based on a planned sustainable development approach of 2,600 tonnes per day production, a figure that it has determined will allow for an approximate mine life of 14 years and estimated annual average spodumene concentrate production of around 115,000 tonnes (6 per cent lithium oxide (Li2O)).

The company’s previous DFS released in 2018 showed the potential for a sustainable and profitable project.

In parallel with the DFS, Sayona has been progressing a revised Environmental Impact Study (EIS), as per the BAPE (bureau d’audiences publiques en environnement) process stipulated by the Québec Government.

The BAPE regulatory process entailsfurther community engagement, including the establishment of a project monitoring committee comprised of key stakeholders, including local municipalities, business groups, environmental organisations, First Nations representatives, community groups and other citizens.

Following a public consultation process (as per the Ministère de l’Environnement et de la Lutte contre les changements climatiques, or MELCC), Sayona has modified the EIS to reflect community feedback.

The company anticipates the revised EIS now likely will be submitted to the MELCC by year‐end, after which it will be submitted to the Public Hearings Office for further public hearings and review, ultimately leading to expected project approval under the BAPE in 2020.

Sayona has identified a bright future for the province’s lithium industry, given its proximity to U.S. battery markets and its advantages including access to low‐cost hydroelectric power, world‐class infrastructure including rail and road and skilled labour.

In the company’s announcement to the Australian Securities Exchange, Sayona Mining managing director Brett Lynch said Sayona’s investment in Québec and its plans to participate in the bidding process for the North American Lithium Inc (NAL) operation in the province the company announced in September, reflect its confidence in the province’s potential to be at the forefront of the lithium‐ion battery revolution.

“We are extremely positive concerning the outlook and will continue working closely with all stakeholders to ensure maximum community benefits from this key metal of the 21st century,” Lynch said.

 

Email: info@sayonamining.com.au

Web: www.sayonamining.com.au