North American Lithium 2024 Drilling Results
Brisbane, Jan 31, 2025 AEST (ABN Newswire) - North American lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) announced today additional results received from its 2024 drilling program at the Company's North American Lithium operation (Sayona 75%; Piedmont Lithium 25%) in Quebec, Canada, demonstrating a high grade component of this highly strategic asset.
- Latest results for 102 new drillholes totalling 31,951 m for Sayona's North American Lithium (NAL) operation, Quebec, Canada with highlights including:
o North-West Extension - New Pegmatites
- 39.30m @ 1.78% Li2O from 297.70m in drillhole LAN-24-170
o Resources Area - Potential Resources Upgrade or Conversion
- 20.45m @ 1.80% Li2O from 255.80m in drillhole LAN-24-161a
- 22.20m @ 1.50% Li2O from 291.25m in drillhole LAN-24-161a
- 21.00m @ 1.71% Li2O from 245.25m in drillhole LAN-24-165
- 20.20m @ 1.61% Li2O from 272.30m in drillhole LAN-24-165
- 27.70m @ 1.65% Li2O from 327.95m in drillhole LAN-24-175
- 2024 Drilling results confirm resource potential: New findings validate the mineral resource and indicate potential upgrades
- Targeted exploration delivers results: Focused drilling extends mineralised zones and refines resource classifications with in-fill data
- Exploration completed at NAL: Drilling concluded December 9th, with additional results anticipated in the coming months.
The 2024 drilling program, launched in February 2024 drilled 153 holes totalling 53,444 metres with results demonstrating strong potential to expand the mineral resource base. Initial efforts focused on testing mineralisation extensions and collecting in-fill data to upgrade Mineral Resource categories. Notably, high-grade lithium mineralisation has been identified outside the existing Mineral Resource Estimate (MRE) pit shells, particularly in the North-West, South-East, and North-East extensions.
Additionally, new results support the potential conversion of some Inferred resources to the Indicated category within the MRE pit shells, marking a significant step forward for the project.
Sayona's CEO, Lucas Dow commented: "We are delighted to report additional high-grade intersections and new zones of pegmatite mineralisation at NAL. These results demonstrate the potential of the NAL resource and underpin our plans to investigate a future brownfield expansion of this highly strategic North American lithium asset.
"These results also reinforce the logic of the previously announced merger with Piedmont Lithium which will allow the future development of NAL and provide investors the opportunity to participate in the development of the significant project portfolio that will be created by the merger."
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is North America's largest hard-rock lithium producer with a diversified portfolio of high-quality assets across Quebec Canada, the United States, Ghana and Western Australia.
Our flagship operation, the North American Lithium (NAL) mine in Quebec, Canada has successfully ramped up production of spodumene concentrate, supported by ongoing operational enhancements to increase recovery rates, throughput, and mill utilisation. Following a Mineral Resource upgrade, Elevra completed a Scoping Study for a brownfield expansion to increase NAL's annual spodumene concentrate production and reduce unit operating costs.
Complementing NAL, the Moblan Lithium Project in northern Quebec represents one of the largest undeveloped spodumene resources in North America, with a Mineral Resource of 121 Mt @ 1.19% Li2O.
Development activities are progressing with feasibility studies targeting a large-scale, long-life operation capable of supplying both domestic and international markets.
In Western Australia, Elevra holds an extensive portfolio of lithium and gold tenements, where exploration programs are advancing to unlock additional growth opportunities. Meanwhile, in the United States, our Carolina Lithium Project offers a strategic foothold in the downstream lithium chemicals market and our project in Ghana provides a further option for future growth.
Looking ahead, Elevra is focused on strategic downstream partnerships to enable further value-added lithium production, positioning the Company to deliver a secure, sustainable supply of critical minerals to global customers. Together, these assets establish Elevra as a growth-focused supplier supporting the global energy transition.
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