Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) announced significant drill results from its Moblan Lithium Project in Québec, Canada. The results from 94 new drill holes, totaling 20,735 meters, demonstrate the high-grade nature of this strategic asset.

South Pegmatites Drilling Results

– 40.70m @ 1.52% Li2O from 130.50m (drill hole 1331-23-537)
– 78.20m @ 1.55% Li2O from 51.50m (drill hole 1331-23-679)
– 57.05m @ 1.48% Li2O from 41.15m (drill hole 1331-23-684)

Inter Pegmatites Drilling Results

– 44.75m @ 1.41% Li2O from 250.15m (drill hole 1331-23-461)
– 49.70m @ 1.61% Li2O from 143.30m (drill hole 1331-23-503)
– 45.00m @ 1.17% Li2O from 291.50m (drill hole 1331-23-513)

Moleon Pegmatites Drilling Results

– 30.20m @ 1.73% Li2O from 158.80m (drill hole 1331-23-552)
– 44.25m @ 1.29% Li2O from 214.00m (drill hole 1331-23-582)
– 42.75m @ 1.85% Li2O from 176.80m (drill hole 1331-23-583A)
– 36.85m @ 1.77% Li2O from 181.95m (drill hole 1331-23-584)
– 43.90m @ 1.66% Li2O from 139.90m (drill hole 1331-23-585)

Expansion Potential

The drilling results suggest a potential connection between Main and Moleon MRE pit shells, supported by significant drilling results from the Inter Pegmatite Area. The company also sees the potential for additional mineral resources and conversion from Inferred to Indicated mineral resources in current resource pit shells.

Sayona Mining Limited has announced that assay results are pending for an additional 34 drill holes (7,852m) from the 2023 drilling campaign.

According to Interim CEO James Brown: “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. Most excitingly, it is clear there remains considerable potential for further expansion of the deposit which is open in all directions.”

Sayona Mining plans to continue its drilling program throughout 2024 to further explore and expand the Moblan Lithium Project.

For more information, please contact:

– Andrew Barber, Investor Relations, Ph: +617 3369 7058, Email: ir@sayonamining.com.au
– Bianca Galimi, Communications and Community Relations, Ph: +1 819 856-3288, Email: bianca.galimi@sayona.ca

About Sayona Mining

Sayona Mining Limited is a North American lithium producer with projects in Québec, Canada, and Western Australia. In Québec, Sayona’s assets include North American Lithium, Authier Lithium Project, Tansim Lithium Project, and the Moblan Lithium Project. In Western Australia, the company is exploring tenements in the Pilbara region, prospective for gold and lithium.

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