Moblan drilling reveals further high-grade lithium intersections

Core Insights - Sayona Mining has completed and validated all assay results from the 2023 drilling campaign, indicating a potential connection between various sectors of a large lithium mineralised system [1][2] - The company plans to conduct a further drilling program of 70,000 meters throughout 2024 to enhance its Mineral Resource Estimate (MRE) [1] Drilling Results - The 2023 drill program at the Moblan Lithium Project has successfully demonstrated the potential to increase the mineral resource base, with high-grade lithium mineralisation identified outside the MRE pit shells, particularly in the Inter Zone Area [2][10] - Recent results from 34 new drillholes totaling 7,853 meters have highlighted significant lithium intersections, including 41.80 meters at 1.44% Li2O and 39.55 meters at 1.63% Li2O [8][9] Project Development - The Moblan deposit now extends approximately 2.3 kilometers east-west, 1.2 kilometers north-south, and to a depth of about 450 meters, showcasing its extensive size and potential [3] - Sayona's assets in Québec include the North American Lithium, Authier Lithium Project, and Tansim Lithium Project, supported by a strategic partnership with Piedmont Lithium Inc. [5] Strategic Importance - The latest results reinforce the significance of the Moblan project as a central component of Sayona's Eeyou-Istchee James Bay hub, indicating considerable potential for uncovering additional extensions to this premium lithium deposit [10][11]