SPARK
5 days ago
SYAXF .019 - News -
Sayona Mining Limited (ASX:SYA) Moblan Mineral Resource increases 81% to 93Mt
Brisbane, Aug 27, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) announced today the results from updated Mineral Resource Estimates (MRE) at its Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating t he potential of this highly strategic asset.
Sayona has significantly expanded its Canadian lithium resource base with this updated JORC Mineral Resource estimate for the Moblan Lithium Project. Results from the updated MRE reinforce the project' s status as the centrepiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec.
Sayona now has a total estimated JORC Measured, Indicated and Inferred Mineral Resource of 93.1 million tonnes @ 1.21% Li2O at a cut-off grade of 0.55% Li2O ( Table 1). For comparison to the previous MRE (17 April 2023), the tonnage at a cut-off grade of 0.25% Li2O is 107.7Mt @ 1.10% Li2O, an increase of 52% from 70.9 Mt @ 1.15% Li2O.
Approximately 70% of the total tonnage is in the higher confidence M easured and Indicated categories. The mineral resources are constrained by the claim limits and within a resource level conceptual pit shell.
The substantial increase in mineral resources at Moblan reflects the addition and integration of all the drilling results from the 2023 program (addition of 368 drillholes for 75,022 m) and from a major revision of the geological model (Figure 1).
Sayona has commenced further testing the extent of mineralisation through 70,000 m of additional drill ing to be completed by the end of 2024. This drilling will continue to utilise Flow Through Shares funding that was raised in March 2023 specifically for exploration and resource definition drilling as allowed under the Income Tax Act (Canada) (refer ASX release 7 March 2023).
Sayona's Managing Director and CEO, Lucas Dow commented, "The significant expansion of our Moblan Lithium Project's resource base is a testament to Sayona's commitment to unlocking the full potential of our assets in t he Eeyou-Istchee James Bay region. Increasing the total resource to 93.1 million tonnes at 1.21% Li2O represents a substantial enhancement of our strategic position in the North American lithium industry.
"The 59% increase in Measured and Indicat ed categories, now totalling 65.1 million tonnes at 1.25% Li2O, provides a strong foundation for the future conversion of these Mineral Resources into Ore Reserves.
"Looking ahead, the planned 70,000 metres of drilling in 2024 will further test t he extent of mineralisation. As we continue to invest in exploration and development, we remain focused on strategically growing our resource base to deliver value to our stakeholders and positioning Sayona as a leading North American lithium produce r."
Moblan JORC Mineral Resource Estimates Statement
The MRE was prepared in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code") and comply with the JORC Code disclosure. The breakdown of MRE results by zone (pegmatite domain) and by category is shown in Table 1.
The updated mineral resource block model covers an area of 2,350m strike length and 1,250m width, extending to a depthof 350m b elow surface. The mineralisation model consists of seven lithium pegmatite dykes modelled as the Main dykes, 13 as the South dykes, 13 as the New South domain and 10 as the Moleon dykes, for a total of 43 lithium pegmatite dykes in the project's geol ogical model (Figure 2). Moblan 2024 MRE includes all available data on the Project including extensive additional drilling coverage from the 2023 exploration program. The MRE database includes 49,910 assay data from 771 surface drill holes (130,633m ), drilled between 2002 and the end of 2023, and 10 surface trenches sampled between 2004 and 2009 (Figure 3).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/039FC1P3
WEB: Moblan Mineral Resource increases 81% to 93Mt
About: Sayona Mining Limited
Sayona Mining LtdSayona 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).
TradingCharts
2 months ago
Dr. Stefan Wolf
Senior Innovation Consultant | R&D&I Strategy | Innovation Policy | Energy | E-Mobility | Batteries
4 hours ago
https://www.linkedin.com/feed/update/urn:li:activity:7213487985604857857/
The Chinese hashtag#battery industry is barely making any profit. The market for battery electric vehicles is growing more slowly than expected. The resulting overcapacity has led to massive price cuts, causing profits to hashtag#collapse.
📊 Industry magazine ICCSINO provides the latest hashtag#data on this:
* LFP at EUR 52/kWh (-50 % compared to January 2023)
? No more profit margins since November 2023
* NMC523 at 63 EUR/kWh (-47 % compared to January 2023)
? No more profit margins since June 2023
* NMC811 at EUR 79/kWh (-45 % compared to January 2023)
? Profit margins have fallen by 30 %, but still exist
💸 It is unclear how long the industry will be able to withstand this predatory hashtag#competition. In addition, the Chinese government recently announced first steps to consolidate the battery industry. In order to survive, the entire Chinese battery value chain is pushing into the global markets to win new customers.
🏭 This comes at the worst possible time for hashtag#European ambitions to establish their own battery value chain. Important investments have been made, but the factories are not yet running at full capacity and scrap rates still need to be reduced. Decisive political support is needed more than ever.
👉 Further information:
* Chinese battery prices: https://lnkd.in/e2rxsrhA
* Chinese battery industry regulation: https://lnkd.in/e_Tcqs8e
TradingCharts
3 months ago
LITHIUM DRILLING PROGRAM COMMENCES AT EAST VALLÉE
June 3, 2024
TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that the Phase I 2024 drilling program has commenced on the Company’s East Vallée Lithium Project, located in the Abitibi Greenstone Belt approximately 30 km northwest of Val-d’Or, Quebec (see Figure 1). The East Vallée Project is located immediate east and adjacent to the Company’s Vallée JV Project (75% CLM and 25% Sayona Mining) and only 1,000 m east and along strike of Sayona’s North American Lithium (“NAL”) Mine, the largest operating lithium mining facility in North America.
On February 14, 2024, the Company announced that the Vallée JV partners had successfully traced the NAL Mine Pegmatite swarm from the Sayona NAL Mine Property across the entire Vallée JV Property right to the western boundary of the Company's East Vallée Project (see CLM News which is available under the Company’s SEDAR+ profile at www.sedarplus.ca). The Core Pegmatite Dyke, the key dyke within the NAL Mine Swarm, has been traced over a 4.2 km strike length and remains open for expansion along strike to the east on CLM’s 100%-owned East Vallée Project. The Company believes that the Core Pegmatite and adjacent spodumene-bearing dykes likely continue onto East Vallée. The East Vallée Project overlies an additional 5 km of the highly prospective Vallée Lithium Trend that has never been drill-tested for lithium (see Figure 2). Several other parallel lithium-bearing dykes have also been traced eastward to the East Vallée Property boundary.
The Phase I program will consist of 12 drill holes totaling approximately 2,400 m and will test the Core Pegmatite and flanking pegmatites along drill fences spaced 400 metres apart starting at the western property boundary. All necessary permits required to commence the program have been received which include authorization for supplemental drill sites which will allow the Company to immediately follow-up successful drill holes at tighter hole spacings. Forage Lamontagne Fortier has been contracted to provide drilling services.
https://consolidatedlithium.com/lithium-drilling-program-commences-at-east-vallee/
SPARK
3 months ago
SYAXF - News -
Sayona Mining Limited (ASX:SYA) Drilling of High Priority Targets Commences at Tabba Tabba
Brisbane, May 23, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) has commenced RC drilling (Figure 1*) at its wholly owned Tabba Tabba Lithium Project, E45/2364 in Western Australia where previous air core drilling identified high potential pegmatite systems.
A recently completed gravity survey has helped focus deeper RC drilling over two areas along a 7.5km prospective corridor (Figure 2*). The northern area is located immediately south of the historic Tabba Tabba t antalum mine, where recent exploration by Wildcat Resources has identified encouraging lithium mineralisation including the Leia and Luke Pegmatites.
The initial 2,000+ metre RC drilling program consists of 14 holes with nine located in the North Area immediately south of Wildcat Resources tenements and a further five holes located at the Roadside Prospect approximately 4.5km south and along strike. Further drilling will be conducted throughout 2024 as geological information is built up over the area, largely under thin colluvial cover.
Sayona has secured a co-funding grant for drilling at Tabba Tabba under Round 29 of the Western Australian Governments Exploration Incentive Scheme (EIS). The grant of up to $180,000 will help fund i nnovative exploration drilling in the search for flat lying spodumene pegmatite systems within the Tabba Tabba lease.
Sayona's Director and Interim CEO, James Brown commented, "We are excited to have commenced RC drilling over the highly prospect ive Tabba Tabba lease which has known lithium mineralisation in close proximity and along strike.
"Previous soil sampling and air core drilling identified areas of anomalous geochemistry that have been confirmed to also contain gravity features o f significance. We now intend to test these targets with RC and possibly diamond drilling as supported by results.
"We are highly committed to our wholly owned Western Australian lithium assets and intend to continue an active exploration program over the 2024 field season."
The recently completed gravity survey, covering a 7km x 2km area has identified prospective trends and areas of potential gabbro host units and structural settings which facilitate emplacement of the targeted north s triking spodumene pegmatite mineralisation.
In the north drill area, targets are sited along the southern extension to the Tabba Tabba mine stratigraphy and mineralisation identified by Wildcat. A western target zone comprises a gravity feature u nder cover which links to outcropping gabbro 2km to the south. An eastern gravity feature, coincident with a zone of alteration identified in air core drilling, is also being targeted in the current and follow up drilling.
At the Roadside prospec t five 5 deeper RC drill holes to 160m+ depth are planned, following up narrow pegmatites intersected in shallow air core drilling margined by more extensive geochemical anomalism. Gravity data in this area outlines a discrete weak gravity feature wh ich may represent a medium density intrusive, or gabbro intercalated with other, less dense rocks. Pegmatite hosted within gabbro has been observed at surface within the prosect.
Geologically, the planned exploration is benefiting from an enhance d understanding of pegmatite occurrences, including flat lying pegmatite hosted by gabbro such as the South Pegmatite Zone at Moblan, Quebec which was discovered by Sayona in 2022.
Flat lying pegmatite systems often have limited surface expressio n and require a systematic exploration approach to best focus drilling into the most prospective target areas. Sayona is advancing this process, being guided by gravity data, mapping, rock and soil sampling and drill information.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/43ZV94BP
TradingCharts
4 months ago
New High-Grade Zones Discovered at North American Lithium
12/05/2024 5:52 pm
https://www.asx.com.au/markets/company/sya
NEW HIGH-GRADE ZONES DISCOVERED AT NORTH AMERICAN LITHIUM
• New drilling at North American Lithium (NAL) operation with results from 91 drillholes and wedges
totalling 26,605m has identified high-grade lithium mineralisation to the north-west, north-east,
south-east and below the Mineral Resource Estimate (MRE) pit shell
• North-West Extension – New Pegmatites
• 32.88m [ @leewood
• 19.35m [ @GGraessle
• 20.05m [ @JAnjoorian-W1
• Resources Area – Potential Resources Upgrade or Conversion
• 47.50m [ @Charlene
• 25.65m [ @aloalo91
• 43.25m @pmiller-053A
• 17.95m [ @Sherpacash
• 21.40m [ @scoobey-do
• 57.65m [ @SIWink
• 21.90m [ @stucole
• 22.80m [ @Ricky7
• Additional, new pegmatites discovered to the south-east and north-east of the existing MRE
• Assay results pending for additional 24 drillholes (4,592m) of the 2023 drilling campaign.
https://clients3.weblink.com.au/pdf/SYA/02806020.pdf
SPARK
4 months ago
SYAXF - news - Sayona Mining Limited (ASX:SYA) New High-Grade Zones Discovered at North American Lithium
Brisbane, May 13, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF), announces the discovery and expansion of new mineralised zones at the Company's North American Lithium (NAL) operation (SYA 75%; Piedmont Lithium 25%) in Quebe c, Canada.
The newly discovered zones are poised to become a focal point for NAL's assessment of future mining options. Initial assessments indicate the presence of high-grade lithium mineralisation outside the MRE pit shell which may represent a substantial addition to NAL's resource portfolio and may contribute to extending NAL's life of mine.
The 2023 drill program has successfully highlighted the potential of the NAL mine located in Quebec's highly prospective Abitibi-Temiscamingue r egion and confirm the possible conversion of Inferred resources to Measured and Indicated categories within the MRE pit shell. The program aimed to increase and secure the resource base of the operation while targeting a high reserve conversion rate. A selection of assays results are displayed in Table 1* and Figure 1*.
Sayona's Interim CEO, James Brown commented, "We are very excited by these new discoveries at North American Lithium which highlights the potential of this asset with high-gr ade mineralisation defined to the north-west, north-east, south-east and below the existing MRE. The team at NAL will now be working to update the Mineral Resource incorporating these significant results. We look forward to continue testing the miner alisation at NAL with further drilling underway."
North-East Area- New Discovery
Drillholes LAN-23-069 and LAN-23-070 revealed a newly discovered zone at the NE of the currently known mineral resources. Located approximately 300m NE of the SE edge of the ultimate MRE pit shell, the zone strikes NW-SE and show a potential lateral continuity of 450m.
Results include 17.00m @pmiller-069, and 14.40m @pmiller-070. T he mineralisation takes the form of substantially thick undeformed pegmatite dykes hosting 15-25% spodumene. The true dip of the dykes cannot be determined at the moment and further drilling is required to identify continuity of the dykes towards the surface.
In the North-East Area, results from 21 new drillholes totalling 7,029 metres were available for this release. Intervals above 0.6% Li2O over 2.0m are illustrated in Table 2a*.
North-West Area - New Pegmatites
Drillholes LAN-23 -094, LAN-23-095, LAN-23-102, LAN-23-139, LAN-23-139-W1 and LAN-23-149 confirm the expansion potential of the newly discovered North-West Zone1 at the NW of the currently known mineral resource. This new high-grade mineralisation is located along the north-west margin of the NAL deposit, outside the current ultimate pit shell model.
While initial discovery drill holes reported values of 22.20m @pmiller-032, as published in N ovember 2023, additional drill holes confirmed the high potential of the newly discovered zone, reporting values of 32.88m @pmiller-094 and 19.35m @ 1.63% Li2O from 346.72m, followed by 21.57m @pmiller-095.
In the North-West Extension area, results from 14 new drillholes totalling 4,756 metres were available for this release. Intervals above 0.6% Li2O over 2.0m are illustrated in Table 2b*.
South-East Extension - N ew Pegmatites
Drillholes LAN-23-089, LAN-23-106a and LAN-23-120 confirm the extension of the main dykes to the SE of the currently known mineral resource. Several near-surface pegmatite dykes were identified in the area, with values up to 8.70m @pmiller-089; 9.70m @pmiller-106a, and 16.90m @pmiller-120. Further drilling is necessary to define these dykes to the SE.
These results show the potential for an extension of the pit shell to the SE.
In the South-East Extension area, results from 24 new drillholes totalling 7,002 metres were available for this release. Intervals above 0.6% Li2O over 2.0m are illustrated in Table 2c*.
Resources Area (Central) - Potential Upgrade and/or Conversion
Numerous new drilling results confirm the potential for upgrading and converting Inferred resources into the Measured and/or Indicated cate gories within the MRE pit shell. Results confirm the continuity of the mineralisation, and an update of the resources estimate should be completed in the near future.
This conversion drilling is anticipated to positively contribute to ore reserve s at the NAL operation.
In the Resources Area (Central), results from 32 new drillholes totalling 7,817 metres were available for this release. Intervals above 0.6% Li2O over 2.0m are illustrated in Table 2d*.
NAL comprises a contiguous group of 42 mineral titles (41 claims, one mining lease) spanning 1,493 hectares, situated near La Corne township in Quebec's Abitibi-Temiscamingue region. NAL also owns 25% interest in the adjacent Vallee lithium claims. The operation has a lithium mine and concentrator, with production of spodumene concentrate having recommenced in March 2023. The project lies 60 kilometres north of the city of Val d'Or, a major mining service centre, with access to road and rail infrastructure together with skille d labour.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/W5WV9DBP
WEB: New High-Grade Zones Discovered at North American Lithium
About: Sayona Mining Limited
Sayona Mining LtdSayona 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).
Kswies
4 months ago
Nothing with the company's future outlook has changed. The market is bearish on lithium and EV right now but that doesn't stop the investment that has already occurred in the sector. This year will bring many new EV's from manufacturers that previously had none, this will bring the EV to the conventional car sales model, that most manufacturers use and most purchasers are more comfortable with. I like it but, not everyone is a fan of the "salesmanless", DIY, atmosphere that goes along with the purchase of a Tesla. IMO 24 is another bottom to take advantage of, I have taken advantage of every bottom that Sayona has had to offer, so far so good.
TradingCharts
4 months ago
Honda to build Canada’s first comprehensive electric vehicle supply chain, creating thousands of new jobs in Ontario
And the world is taking notice.
The Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, today welcomed Honda Canada’s milestone investment of approximately $15 billion to create Canada’s first comprehensive electric vehicle supply chain, located in Ontario.
This large-scale project will see four new manufacturing plants in Ontario. Honda will build an innovative and world-class electric vehicle assembly plant – the first of its kind for Honda Motor Co., Ltd. – as well as a new stand-alone battery manufacturing plant at Honda’s facilities in Alliston, Ontario. To complete the supply chain, Honda will also build a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation. Once fully operational in 2028, the new assembly plant will produce up to 240,000 vehicles per year.
https://www.pm.gc.ca/en/news/news-releases/2024/04/25/honda-build-canadas-first-comprehensive-electric-vehicle-supply-chain
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