Elevra Lithium Ltd (ELVR)

[TradingCharts]

16/04/2023 Moblan Boosted by Significant Increase in Lithium Resource

North American lithium producer Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) has significantly
expanded its Canadian lithium resource base, with an initial JORC Mineral Resource estimate for its
Moblan Lithium Project (SYA 60%; SOQUEM Inc 40%), including maiden resources for the South dyke
discovery, highlighting the potential for its northern lithium hub in Québec’s highly prospective Eeyou
Istchee James Bay region.
Since acquiring Moblan in October 2021 in partnership with SOQUEM (a wholly owned subsidiary of
Investissement Québec), approximately 37,700 metres of diamond core drilling has been conducted at
the project. Sayona has now estimated a total JORC Measured, Indicated and Inferred Mineral Resource
of 70.9 million tonnes @ 1.15% Li2O (0.25% Li2O cut-off grade) which represents one of North America’s
single largest lithium resources.
This includes higher grade tonnage opportunities with Measured, Indicated and Inferred Resource of
51.4 million tonnes @ 1.31% Li2O (0.55% Li2O cut-off grade in the sensitivity analysis). Sayona aims to
further enhance the size and grade of this resource through additional drilling, with 60,000m of extra
drilling planned at Moblan.

https://wcsecure.weblink.com.au/pdf/SYA/02654830.pdf
https://www2.asx.com.au/markets/company/sya

https://sayonamining.com.au/investors/asx-releases/