Moblan 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 the first set of results from its 2024 drill program at the Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating the high grade nature of this highly strategic asset.
Moblan continues to deliver more high-grade lithium results from the 2024 drill program
-- Latest results for 57 new drillholes totalling 13,999m for Sayona's Moblan Lithium Project, with highlights including:
o New South Area:
- 37.15m @ 1.53% Li2O from 117.55m in drillhole SYN-24-0871
o Inter Zone Area:
- 41.60m @ 1.99% Li2O from 158.00m in drillhole SYN-24-0831
- 41.65m @ 1.74% Li2O from 143.00m in drillhole SYN-24-0846
o Moleon Area:
- 43.15m @ 1.59% Li2O from 59.90m in drillhole SYN-24-0724
-- New 2024 drilling results confirm the potential to upgrade the mineral resource estimate.
-- The 3D geological model has enhanced robustness and extends over 2.4 km strike length with the addition of the new drilling results.
-- The current drilling results aim to provide in-fill data and extend mineralised zones to potentially upgrade resource categories from the 2024 Mineral Resource Estimate (MRE) and expand the resource base.
-- The 2024 drill program at Moblan is complete and more drill results are expected to be released over the coming months.
Sayona announces the results from 57 diamond drill holes totalling 13,999 metres from the 2024 drill program which began July 27th, 2024. The program has been successfully completed with a total of 281 holes for 76,202 metres, enhancing the project's potential to further expand its mineral resource base. The initial phase of the 2024 drilling program was focused on gathering in-fill data to potentially upgrade mineral resource categories from the 2024 Mineral Resource Estimate (MRE). Recent drilling results have identified high-grade lithium mineralisation, supporting the potential conversion of some Inferred resources to the Indicated or Measured category within the MRE pit shells. Additional results are pending for several drillholes targeting the expansion of the mineral resource base and the exploration of the outer zones of the Moblan lithium deposit.
The newly received drillhole results reinforce the project's status as the centrepiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec and highlights its potential to expand the existing mineral resource base at Moblan.
Sayona's CEO, Lucas Dow commented: "We are delighted with the additional high grade intersections at Moblan. The results continue to surprise to the upside at Moblan demonstrating the world class nature of this deposit and the potential for further expansions of the resource.
"Moblan is geographically privileged being located adjacent to excellent infrastructure and studies have confirmed its potential to be a low-cost lithium producer to the North American battery industry. Sayona remains committed to optimising development plans and project capital expenditure to ensure this deposit reaches its full potential."
*To view tables and figures, please visit:
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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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