Authier Lithium Project JORC Mineral Resource Expansion
Brisbane, April 12, 2018 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) ("Sayona" or the "Company") is pleased to announce an updated independent JORC Mineral Resource estimate for the Authier lithium project.
Highlights
- Mineral Resource increased following Phase 3 drilling program
- 86% of the new Mineral Resource in the Measured and Indicated categories
- Potential to expand the resource through further drilling
- Expanded Mineral Resource to be incorporated into the Definitive Feasibility Study
The expanded, JORC 2012 compliant Mineral Resource estimate has been increased from 186,939 tonnes to 209,476 tonnes of contained lithium oxide compared to the November 2017 estimate. The new resource includes in-pit, infill mineralisation in the eastern and central part of the Authier Main resource, and a depth extension of the Main Authier pegmatite in the west zone. In addition, The Northern Pegmatite resource has been expanded to include new mineralisation from the Phase 3 drilling program which extended the mineralised strike from 300 metres to 500 metres.
Table 1- Authier JORC Mineral Resources Estimate (0.45% Li20 cut-off grade)
Category Tonnes (Mt) Grades %Li20 Contained Li20--------------------------------------------------Measured 6.09 1.01% 61,509Indicated 11.55 1.04% 120,120Inferred 2.82 0.98% 27,636-------------------------------------------Total 20.46 1.02% 209,265
The Mineral Resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). A summary of the estimation methodology and competent person statement is included in this announcement.
The new mineral resource will be incorporated into the Definitive Feasibility Study ("DFS") that is currently underway. On completion of the DFS the Company will report a new JORC compliant Ore Reserve estimate.
To view all tables and figures, please visit:
http://abnnewswire.net/lnk/02E3ZISH
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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