Quarterly Activities Report
Brisbane, April 29, 2022 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) has expanded its Quebec lithium asset base while advancing its Western Australian projects, in another positive quarter of growing market value for the Company in the period ending 31 March 2022.
Quarter Highlights
Quebec, Canada
- Northern Quebec lithium Hub expanded, with 121 new claims acquired at Lac Albert Project, 3.5km west of Moblan Lithium Project
- JORC resource base doubles for Sayona's North American Lithium (NAL) and Authier Projects, with combined Measured, Indicated and Inferred Mineral Resource of 119.1 Mt @ 1.05% Li2O
- Sayona enters S&P/ASX 300 Index after substantial increase in market value to approx. A$2.5 billion
Western Australia
- Preparations for 60-hole air-core drilling at Deep Well Project completed; 100% owned lithium tenure plans advance
Post-Quarter
- Positive battery test results from NOVONIX reaffirm Authier spodumene's high quality
- Earn-in partner Morella Corporation (ASX:1MC) commences drilling at Mallina Lithium Project
- New lithium pegmatite discovery at Moblan, demonstrating potential for expanded resource.
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/K7842ENI
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
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