Moblan drilling delivers thick, high grade intersections

Core Insights - Sayona Mining Limited announced results from 94 new drillholes totaling 20,735 meters at its Moblan Lithium Project, confirming the high-grade nature of this strategic asset [1][2][3] Drilling Program and Results - The drilling program aimed to test extensions to mineralization and provide in-fill data for upgrading Mineral Resource categories, with significant results indicating high-grade lithium mineralization outside the Mineral Resource Estimate (MRE) pit shells, particularly in the Inter Zone Area [2][5] - The latest results include thick intervals of high-grade lithium, such as 40.70 meters at 1.52% Li2O and 78.20 meters at 1.55% Li2O from the South Pegmatites [7] Project Significance - The Moblan Lithium Project is positioned as the centerpiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec, with potential for expanding the existing mineral resource base [3][4] - The project is expected to supply Québec-produced lithium derivatives to the growing North American battery and electric vehicle sector [6] Future Plans - Sayona has commenced a further drilling program to be completed throughout 2024, with additional assay results pending for 34 drillholes from the 2023 campaign [6][7]