Moblan drilling delivers thick, high grade intersections

• Latest results for 94 new drillholes totalling 20,735m for Sayona’s Moblan Lithium Project, Québec, Canada with highlights including:
  • South Pegmatites:
    • 40.70m @ 1.52% Li₂O from 130.50m in drillhole 1331-23-537
    • 78.20m @ 1.55% Li₂O from 51.50m in drillhole 1331-23-679
    • 57.05m @ 1.48% Li₂O from 41.15m in drillhole 1331-23-684
  • Inter Pegmatites:
    • 44.75m @ 1.41% Li₂O from 250.15m in drillhole 1331-23-461
    • 49.70m @ 1.61% Li₂O from 143.30m in drillhole 1331-23-503
    • 45.00m @ 1.17% Li₂O from 291.50m in drillhole 1331-23-513
  • Moleon Pegmatites:
    • 30.20m @ 1.73% Li₂O from 158.80m in drillhole 1331-23-552
    • 44.25m @ 1.29% Li₂O from 214.00m in drillhole 1331-23-582
    • 42.75m @ 1.85% Li₂O from 176.80m in drillhole 1331-23-583A
    • 36.85m @ 1.77% Li₂O from 181.95m in drillhole 1331-23-584
    • 43.90m @ 1.66% Li₂O from 139.90m in drillhole 1331-23-585
• Potential connection between Main and Moleon MRE pit shells supported by significant drilling results obtained from the Inter Pegmatite Area (Figure 1).
• Potential additional mineral resources and conversion from Inferred to Indicated mineral resources in current resource pit shells.
• Assay results pending for additional 34 drillholes (7,852m) of the 2023 drilling campaign.

BRISBANE, Australia, May 27, 2024 (GLOBE NEWSWIRE) -- North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF) announced today the results from 94 new drillholes totalling 20,735 metres at its Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating the high grade nature of this highly strategic asset.

The drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories. Individual dykes have been documented and modelled comprising the Main Zone, South Zone, Inter Zone and Moleon domain. The latest drilling results include the identification of high-grade lithium mineralisation outside the Mineral Resource Estimate (MRE) pit shells, particularly in the Inter Zone Area, and support conversion of some of the Inferred resources to Indicated category within the MRE pit shells. In 2023, an additional 41 holes for 6,872 metres were also completed for geotechnical and sterilisation purposes.