Sayona Mining Ltd.: Authier Lithium Project JORC Mineral Resource Expansion
12.04.2018 | ABN Newswire
Brisbane - Sayona Mining Ltd. (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
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Measured 6.09 1.01% 61,509
Indicated 11.55 1.04% 120,120
Inferred 2.82 0.98% 27,636
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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 Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) is an Australian-based, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Sayona’s primary objective is developing the Authier lithium project in Quebec, Canada. Authier is an advanced, near term development project, construction forecast to commence in the second half of 2018 and first production in late 2019. Please visit us as at www.sayonamining.com.au
Source: Sayona Mining Ltd.
Contact:
Corey Nolan Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au