Sayona Mining Limited announced the results from 94 new drillholes totaling 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. The new drillhole results reinforce the project?s status as the centrepiece of Sayona?s Eeyou-Istchee James Bay hub in northern Quebec, and highlight its potential to expand the existing mineral resource base at Moblan.

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.