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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 9/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-9-2018: Sayona Mining Ltd. announces a Resource Estimation report for its Authier deposit at the Authier project. Updated mineral resource and ore reserve estimate at the project. Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") is pleased | |
| Resources: | (Reserve, P+P): 12.10Mt @ 1.0% Li2O for 121.59Kt Li2O contained | |
| CP/QP: | [Resources]: Gustavo Delendatti (Independent) | |
| ABSTRACT: | 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. 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. he 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. | |
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