Form 6-K Sayona Mining Ltd For: Jul 22

July 22, 2025 4:19 PM UTC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
Form 6-K


 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of July 2025
 
Commission File Number 333-286715


 
SAYONA MINING LIMITED
(Translation of registrant’s name into English)


 
Level 28,
10 Eagle Street
Brisbane, Queensland 4000
Australia
(Address of principal executive office)


 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  ☒                Form 40-F  ☐
 


Moblan Final 2024 Drill Results

Final results for 116 new drillholes totalling 38,953.40m for Sayona’s Moblan Lithium Project, Québec, Canada with highlights including:
 

o
Inter Area Pegmatites (outside MRE 2024 pit shell):
 

59.55m @ 1.46% Li2O from 316.60m in drillhole SYN-24-0837
 

o
Potential Resources Upgrade (within MRE 2024 pit shell):
 

60.75m @ 1.82% Li2O from 67.50m in drillhole SYN-24-0852

54.80m @ 1.62% Li2O from 34.25m in drillhole SYN-24-0854

56.50m @ 1.47% Li2O from 226.40m in drillhole SYN-24-0834

55.65m @ 1.75% Li2O from 209.60m in drillhole SYN-24-0891

48.75m @ 1.66% Li2O from 38.25m in drillhole SYN-24-0939
 
All assay results from the 2024 drilling campaign have now been validated and released, adding 33,591 new assays from 281 drill holes (76,202 meters) to the database for the updated Resources and 3D geological model.
 
Multiple thick, high-grade intercepts within the 2024 Mineral Resource Estimate (MRE) pit shell support conversion from Inferred to Indicated/Measured categories.
 
Drilling confirms continuity of spodumene-bearing pegmatites across all zones, particularly the sub-horizontal dykes that connect Main, South, Inter, and Moleon areas.
 
These new and recent drilling results from the 2024 program will be incorporated into a future mineral resource update in 2025.
 
North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB: SYAXFannounced today the final results from its 2024 drilling program at the Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), further demonstrating the high-grade nature of this highly strategic asset.
 
Sayona is pleased to report the final results from the 2024 drilling campaign, comprising 116 diamond drill holes for a total of 38,953.40 metres. With all assays now validated and released, the program has successfully enhanced the potential to expand Moblan’s mineral resource base. Drilling efforts focused on in-fill targets aimed at upgrading resource categories within the 2024 Mineral Resource Estimate, while also intercepting mineralisation beyond the current pit shells in the Main, South, Moleon, and especially the Inter Area. These results support the potential conversion of Inferred resources to Indicated and Measured categories within the MRE envelope.

The exploration drilling results reported outside the current resource pit shell are grouped into four key areas: Main, South, Inter, and Moleon. The latest results confirm the continuity of spodumene-bearing pegmatite dyke systems across these zones and particularly the sub-horizontal dykes extending from the Main and South areas into the Inter area that can be followed over 2.3 km. This release also presents new drill results located within the existing resource pit shell, which include intercepts from all four areas

Sayona’s  CEO, Lucas Dow commented: “The consistent high-grade intercepts in the Main, South, Inter and Moleon areas highlight the scale and quality of the Moblan Project as one of North America’s most promising hard rock lithium projects. We continue to see strong grades, impressive thicknesses, and excellent geological continuity, both within and beyond the current resource pit shell. These results not only support the potential for a resource upgrade but also reinforce Moblan’s position as the cornerstone of our growth strategy in the Eeyou-Istchee James Bay region.”


Table 1 – Drillhole Best Intercepts - All New Results above a Metal Factor greater than 25
 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
 
 
South Area (outside MRE 2024 pit shell)
 
 
 
 
 
SYN-24-0862
127.20
141.00
13.80
2.20
13.80m @ 2.20% Li2O from 127.20m
 
 
SYN-24-0864
116.40
141.00
24.60
1.74
24.60m @ 1.74% Li2O from 116.40m
 
 
SYN-24-0925
99.10
136.00
36.90
1.33
36.90m @ 1.33% Li2O from 99.10m
 
 
Main Area (outside MRE 2024 pit shell)
         
 
1331-16-115ext
391.60
412.35
20.75
1.67
20.75m @ 1.67% Li2O from 391.60m
 
 
1331-22-173ext
291.45
309.25
17.80
1.75
17.80m @ 1.75% Li2O from 291.45m
 
 
1331-22-179ext
351.55
375.80
24.25
1.43
24.25m @ 1.43% Li2O from 351.55m
 
 
1331-22-182ext
304.00
322.55
18.55
1.41
18.55m @ 1.41% Li2O from 304.00m
 
 
1331-22-185ext
270.70
308.75
38.05
1.85
38.05m @ 1.85% Li2O from 270.70m
 
 
SYN-24-0875
298.75
318.50
19.75
1.51
19.75m @ 1.51% Li2O from 298.75m
 
 
SYN-24-0883
237.80
268.00
30.20
1.44
30.20m @ 1.44% Li2O from 237.80m
 
 
SYN-24-0896
206.70
240.10
33.40
2.15
33.40m @ 2.15% Li2O from 206.70m
 
 
SYN-24-0920
243.60
275.00
31.40
1.92
31.40m @ 1.92% Li2O from 243.60m
 
 
SYN-24-0929
246.45
271.30
24.85
2.21
24.85m @ 2.21% Li2O from 246.45m
 
 
SYN-24-0930
99.35
115.25
15.90
1.58
15.90m @ 1.58% Li2O from 99.35m
 
 
SYN-24-0933
359.35
378.00
18.65
1.41
18.65m @ 1.41% Li2O from 359.35m
 
 
Inter Area (outside MRE 2024 pit shell)
         
 
SYN-24-0731
295.25
324.10
28.85
1.46
28.85m @ 1.46% Li2O from 295.25m
 
 
SYN-24-0736ext
308.65
343.45
34.80
1.64
34.80m @ 1.64% Li2O from 308.65m
 
 
SYN-24-0827
232.90
261.65
28.75
1.45
28.75m @ 1.45% Li2O from 232.90m
 
 
SYN-24-0830
235.05
246.30
11.25
2.31
11.25m @ 2.31% Li2O from 235.05m
 
   
262.90
281.80
18.90
1.59
18.90m @ 1.59% Li2O from 262.90m
 
 
SYN-24-0832
308.60
333.55
24.95
1.55
24.95m @ 1.55% Li2O from 308.60m
 
 
SYN-24-0833
275.15
290.00
14.85
1.74
14.85m @ 1.74% Li2O from 275.15m
 
   
298.40
312.45
14.05
1.82
14.05m @ 1.82% Li2O from 298.40m
 
 
SYN-24-0837
271.00
293.10
22.10
1.46
22.10m @ 1.46% Li2O from 271.00m
 
   
316.60
376.15
59.55
1.46
59.55m @ 1.46% Li2O from 316.60m
 
   
391.00
429.00
38.00
1.28
38.00m @ 1.28% Li2O from 391.00m
 
 
SYN-24-0889A
224.95
259.00
34.05
2.01
34.05m @ 2.01% Li2O from 224.95m
 
   
315.65
339.15
23.50
1.47
23.50m @ 1.47% Li2O from 315.65m
 
 
SYN-24-0890
237.60
251.60
14.00
1.89
14.00m @ 1.89% Li2O from 237.60m
 
 
SYN-24-0893
182.95
200.40
17.45
1.62
17.45m @ 1.62% Li2O from 182.95m
 
 
SYN-24-0894
310.25
356.40
46.15
1.36
46.15m @ 1.36% Li2O from 310.25m
 
   
379.25
409.35
30.10
1.26
30.10m @ 1.26% Li2O from 379.25m
 
 
SYN-24-0898ext
404.15
423.30
19.15
2.31
19.15m @ 2.31% Li2O from 404.15m
 
 
SYN-24-0900
157.60
173.00
15.40
1.82
15.40m @ 1.82% Li2O from 157.60m
 
 
SYN-24-0903
185.10
226.10
41.00
1.69
41.00m @ 1.69% Li2O from 185.10m
 


  Drillhole From (m) To (m) Length (m) Li2O % Description  
 
SYN-24-0907
230.65
266.05
35.40
1.35
35.40m @ 1.35% Li2O from 230.65m
 
 
SYN-24-0909
302.30
314.90
12.60
2.52
12.60m @ 2.52% Li2O from 302.30m
 
 
SYN-24-0931
224.90
247.25
22.35
1.41
22.35m @ 1.41% Li2O from 224.90m
 
 
SYN-24-0939
366.15
398.40
32.25
1.59
32.25m @ 1.59% Li2O from 366.15m
 
 
Moleon Area (outside MRE 2024 pit shell)
 
 
SYN-24-0887
132.15
148.50
16.35
1.78
16.35m @ 1.78% Li2O from 132.15m
 
   
200.90
227.65
26.75
1.82
26.75m @ 1.82% Li2O from 200.90m
 
 
Potential Resources Upgrade (within MRE 2024 pit shell)
 
 
SYN-24-0852
67.50
128.25
60.75
1.82
60.75m @ 1.82% Li2O from 67.50m
 
 
SYN-24-0854
34.25
89.05
54.80
1.62
54.80m @ 1.62% Li2O from 34.25m
 
 
SYN-24-0859
11.10
33.25
22.15
1.71
22.15m @ 1.71% Li2O from 11.10m
 
 
SYN-24-0866
11.80
36.35
24.55
1.82
24.55m @ 1.82% Li2O from 11.80m
 
 
SYN-24-0883
87.30
104.20
16.90
1.59
16.90m @ 1.59% Li2O from 87.30m
 
 
SYN-24-0895
223.10
251.40
28.30
1.18
28.30m @ 1.18% Li2O from 223.10m
 
 
SYN-24-0920
36.15
54.30
18.15
1.44
18.15m @ 1.44% Li2O from 36.15m
 
 
SYN-24-0933
36.10
57.15
21.05
2.27
21.05m @ 2.27% Li2O from 36.10m
 
 
SYN-24-0832
29.55
71.80
42.25
1.64
42.25m @ 1.64% Li2O from 29.55m
 
   
279.45
303.80
24.35
1.69
24.35m @ 1.69% Li2O from 279.45m
 
 
SYN-24-0833
32.80
46.90
14.10
1.91
14.10m @ 1.91% Li2O from 32.80m
 
   
247.50
272.80
25.30
1.72
25.30m @ 1.72% Li2O from 247.50m
 
 
SYN-24-0834
126.05
158.60
32.55
1.83
32.55m @ 1.83% Li2O from 126.05m
 
   
226.40
282.90
56.50
1.47
56.50m @ 1.47% Li2O from 226.40m
 
 
SYN-24-0835
202.85
225.90
23.05
1.51
23.05m @ 1.51% Li2O from 202.85m
 
 
SYN-24-0837
24.75
60.95
36.20
1.50
36.20m @ 1.50% Li2O from 24.75m
 
 
SYN-24-0860
185.45
213.30
27.85
1.53
27.85m @ 1.53% Li2O from 185.45m
 
 
SYN-24-0877
174.85
205.00
30.15
1.59
30.15m @ 1.59% Li2O from 174.85m
 
 
SYN-24-0878
236.55
253.40
16.85
1.97
16.85m @ 1.97% Li2O from 236.55m
 
   
256.10
281.70
25.60
1.31
25.60m @ 1.31% Li2O from 256.10m
 
 
SYN-24-0879
88.30
106.70
18.40
1.99
18.40m @ 1.99% Li2O from 88.30m
 
 
SYN-24-0880
78.40
96.70
18.30
1.47
18.30m @ 1.47% Li2O from 78.40m
 
 
SYN-24-0881A
190.45
209.95
19.50
1.93
19.50m @ 1.93% Li2O from 190.45m
 
 
SYN-24-0884
151.55
194.70
43.15
1.44
43.15m @ 1.44% Li2O from 151.55m
 
 
SYN-24-0890
214.40
234.30
19.90
1.64
19.90m @ 1.64% Li2O from 214.40m
 
 
SYN-24-0891
209.60
265.25
55.65
1.75
55.65m @ 1.75% Li2O from 209.60m
 
 
SYN-24-0892
208.70
229.55
20.85
1.76
20.85m @ 1.76% Li2O from 208.70m
 
 
SYN-24-0899
70.45
93.15
22.70
2.06
22.70m @ 2.06% Li2O from 70.45m
 
 
SYN-24-0932
100.65
119.60
18.95
1.84
18.95m @ 1.84% Li2O from 100.65m
 
 
SYN-24-0939
38.25
87.00
48.75
1.66
48.75m @ 1.66% Li2O from 38.25m
 
   
225.05
248.90
23.85
2.47
23.85m @ 2.47% Li2O from 225.05m
 
               
 
Notes (1): Table 1 presents all new results above a Metal Factor greater than 25. Bold text indicates Metal Factor greater than 50. 
 

Notes (2): Methodology for calculating all drilling intercepts presented in the tables and figures in this press release. Drillhole intercepts query and calculations are made automatically using the economic composite tool in Leapfrog software (v.2023.2.1). The selection algorithm was applied to all the drilling results and may not represent true thickness. Calculations are made according to the following steps. Step no.1: Assigned lithology code (ex: pegmatites, gabbro, granodiorite) to each individual sample based on majority code (i.e. rule of 51%). Step no.2: Assignment of a 0% Li2O content to all lithologies other than spodumene pegmatites (e.g. "waste lithologies" such as gabbro and volcanic rocks). Step no. 3: Calculation of intercepts based on a minimum grade of 0.25% Li2O over a minimum core length of 2m (and no maximum length), with a tolerance allowing the inclusion of 2m waste gap up to a maximum of 20m cumulative length of waste inside an intercept. Step no.4: Selection of the drilling results highlights based on grades, lengths, and Metal Factor (Li2O grade (%) x core length (m)).


 
Figure 1- Plan View with Selected New Highlights of 2024 Drilling Program (not included in current MRE)

Notes: Text boxes for all new results with Metal Factor (grade * thickness) greater than 50 (this release).
 

Targeted Resource Conversion (Within 2024 MRE Pit Shell)

This section presents the latest drill results located within the resource pit shell, covering all four areas: Main, South, Inter, and Moleon. Detailed results and their breakdown are provided in Table 2. Significant wide intercepts (>50m) from conversion drilling include: 1.82% Li₂O over 60.75m from 67.50m in hole SYN-24-0852, 1.62% Li₂O over 54.80m from 34.25m in hole SYN-24-0854, 1.47% Li₂O over 56.50m from 226.40m in hole SYN-24-0834, and 1.75% Li₂O over 55.65m from 209.60m in hole SYN-24-0891. These intercepts confirm the potential for upgrading and converting inferred resources to the indicated and measured categories within the 2024 MRE pit shells. The results also underscore the continuity of mineralisation and support the potential for increased reserves at Moblan (see Figures 1 and 2).

Table 2 – Potential Resources Upgrade (intervals above 0.6% Li2O over 2m – within 2024 MRE pit shell)
 
 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
Area
 
 
SYN-24-0816
117.20
126.75
9.55
1.99
9.55m @ 1.99% Li2O from 117.20m
South
 
 
SYN-24-0819
115.40
120.50
5.10
0.90
5.10m @ 0.90% Li2O from 115.40m
   
 
SYN-24-0852
67.50
128.25
60.75
1.82
60.75m @ 1.82% Li2O from 67.50m
   
 
SYN-24-0854
34.25
89.05
54.80
1.62
54.80m @ 1.62% Li2O from 34.25m
   
 
SYN-24-0855
39.00
41.50
2.50
1.51
2.50m @ 1.51% Li2O from 39.00m
   
 
SYN-24-0856
59.65
66.30
6.65
0.96
6.65m @ 0.96% Li2O from 59.65m
   
   
72.30
76.40
4.10
0.75
4.10m @ 0.75% Li2O from 72.30m
   
 
SYN-24-0857
11.05
19.65
8.60
1.44
8.60m @ 1.44% Li2O from 11.05m
   
   
23.15
30.80
7.65
1.02
7.65m @ 1.02% Li2O from 23.15m
   
 
SYN-24-0859
11.10
33.25
22.15
1.71
22.15m @ 1.71% Li2O from 11.10m
   
 
SYN-24-0861
18.70
21.30
2.60
1.43
2.60m @ 1.43% Li2O from 18.70m
   
   
45.65
54.70
9.05
1.65
9.05m @ 1.65% Li2O from 45.65m
   
 
SYN-24-0866
11.80
36.35
24.55
1.82
24.55m @ 1.82% Li2O from 11.80m
   
   
48.80
63.50
14.70
1.50
14.70m @ 1.50% Li2O from 48.80m
   
 
SYN-24-0873
32.20
34.50
2.30
0.92
2.30m @ 0.92% Li2O from 32.20m
   
   
67.90
70.45
2.55
2.13
2.55m @ 2.13% Li2O from 67.90m
   
   
93.60
97.00
3.40
1.72
3.40m @ 1.72% Li2O from 3.60m
   
   
108.40
114.00
5.60
1.62
5.60m @ 1.62% Li2O from 108.40m
   
   
135.95
142.50
6.55
0.99
6.55m @ 0.99% Li2O from 135.95m
   
   
216.80
219.20
2.40
0.62
2.40m @ 0.62% Li2O from 216.80m
   
   
232.25
240.90
8.65
0.66
8.65m @ 0.66% Li2O from 232.25m
   
 
SYN-24-0751
154.85
164.10
9.25
1.60
9.25m @ 1.60% Li2O from 154.85m
   
 
SYN-24-0875
51.50
62.50
11.00
1.77
11.00m @ 1.77% Li2O from 51.50m
Main
 
   
115.15
119.95
4.80
1.69
4.80m @ 1.69% Li2O from 115.15m
   
   
169.65
175.85
6.20
1.01
6.20m @ 1.01% Li2O from 169.65m
   
   
197.00
201.75
4.75
1.13
4.75m @ 1.13% Li2O from 197.00m
   
   
235.90
239.80
3.90
1.29
3.90m @ 1.29% Li2O from 235.90m
   
 
SYN-24-0876
3.85
9.40
5.55
1.45
5.55m @ 1.45% Li2O from 3.85m
   
   
18.80
29.70
10.90
1.49
10.90m @ 1.49% Li2O from 18.80m
   
   
44.20
46.40
2.20
1.19
2.20m @ 1.19% Li2O from 44.20m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
   
70.65
74.60
3.95
1.76
3.95m @ 1.76% Li2O from 70.65m
   
   
101.40
107.20
5.80
1.47
5.80m @ 1.47% Li2O from 101.40m
   
   
122.85
125.75
2.90
1.17
2.90m @ 1.17% Li2O from 122.85m
   
   
145.85
152.70
6.85
1.43
6.85m @ 1.43% Li2O from 145.85m
   
 
SYN-24-0883
87.30
104.20
16.90
1.59
16.90m @ 1.59% Li2O from 87.30m
   
   
131.70
135.60
3.90
1.88
3.90m @ 1.88% Li2O from 131.70m
   
 
SYN-24-0895
46.45
58.05
11.60
1.83
11.60m @ 1.83% Li2O from 46.45m
   
   
89.30
95.60
6.30
1.56
6.30m @ 1.56% Li2O from 89.30m
   
   
223.10
251.40
28.30
1.18
28.30m @ 1.18% Li2O from 223.10m
   
 
SYN-24-0896
1.00
9.15
8.15
1.85
8.15m @ 1.85% Li2O from 1.00m
   
   
61.20
73.00
11.80
1.58
11.80m @ 1.58% Li2O from 61.20m
   
   
105.20
110.40
5.20
1.61
5.20m @ 1.61% Li2O from 105.20m
   
 
SYN-24-0920
36.15
54.30
18.15
1.44
18.15m @ 1.44% Li2O from 36.15m
   
   
99.75
103.55
3.80
1.81
3.80m @ 1.81% Li2O from 99.75m
   
   
131.90
137.10
5.20
1.27
5.20m @ 1.27% Li2O from 131.90m
   
 
SYN-24-0929
32.00
45.85
13.85
1.46
13.85m @ 1.46% Li2O from 32.00m
   
   
58.60
66.35
7.75
1.69
7.75m @ 1.69% Li2O from 58.60m
   
   
76.30
84.00
7.70
1.10
7.70m @ 1.10% Li2O from 76.30m
   
 
SYN-24-0933
36.10
57.15
21.05
2.27
21.05m @ 2.27% Li2O from 36.10m
   
 
SYN-24-0934A
37.45
51.40
13.95
1.64
13.95m @ 1.64% Li2O from 37.45m
   
   
78.80
86.20
7.40
1.73
7.40m @ 1.73% Li2O from 78.80m
   
 
SYN-24-0827
46.05
53.45
7.40
1.32
7.40m @ 1.32% Li2O from 46.05m
Inter
 
   
104.05
108.25
4.20
1.66
4.20m @ 1.66% Li2O from 104.05m
   
   
143.60
148.00
4.40
1.32
4.40m @ 1.32% Li2O from 143.60m
   
 
SYN-24-0832
29.55
71.80
42.25
1.64
42.25m @ 1.64% Li2O from 29.55m
   
   
84.10
89.35
5.25
2.14
5.25m @ 2.14% Li2O from 84.10m
   
   
152.10
154.55
2.45
0.85
2.45m @ 0.85% Li2O from 154.55m
   
   
182.20
184.35
2.15
1.19
2.15m @ 1.19% Li2O from 182.20m
   
   
232.00
243.00
11.00
1.19
11.00m @ 1.19% Li2O from 232.00m
   
   
250.70
262.10
11.40
1.54
11.40m @ 1.54% Li2O from 250.70m
   
   
279.45
303.80
24.35
1.69
24.35m @ 1.69% Li2O from 279.45m
   
 
SYN-24-0833
32.80
46.90
14.10
1.91
14.10m @ 1.91% Li2O from 32.80m
   
   
86.60
89.95
3.35
2.17
3.35m @ 2.17% Li2O from 86.60m
   
   
146.95
150.60
3.65
1.39
3.65m @ 1.39% Li2O from 146.95m
   
   
247.50
272.80
25.30
1.72
25.30m @ 1.72% Li2O from 247.50m
   
 
SYN-24-0834
29.60
32.50
2.90
1.44
2.90m @ 1.44% Li2O from 29.60m
   
   
83.15
86.15
3.00
0.82
3.00m @ 0.82% Li2O from 83.15m
   
   
126.05
158.60
32.55
1.83
32.55m @ 1.83% Li2O from 126.05m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
   
205.60
210.25
4.65
0.94
4.65m @ 0.94% Li2O from 205.60m
   
   
226.40
282.90
56.50
1.47
56.50m @ 1.47% Li2O from 226.40m
   
 
SYN-24-0835
32.50
41.25
8.75
1.48
8.75m @ 1.48% Li2O from 32.50m
   
   
127.95
130.85
2.90
1.53
2.90m @ 1.53% Li2O from 127.95m
   
   
189.05
197.50
8.45
1.44
8.45m @ 1.44% Li2O from 189.05m
   
   
202.85
225.90
23.05
1.51
23.05m @ 1.51% Li2O from 202.85m
   
 
SYN-24-0836
36.05
40.35
4.30
1.17
4.30m @ 1.17% Li2O from 36.05m
   
   
87.05
89.55
2.50
2.10
2.50m @ 2.10% Li2O from 87.05m
   
   
132.70
135.45
2.75
1.18
2.75m @ 1.18% Li2O from 132.70m
   
   
145.20
147.85
2.65
1.36
2.65m @ 1.36% Li2O from 145.20m
   
   
176.90
179.80
2.90
1.36
2.90m @ 1.36% Li2O from 176.90m
   
 
SYN-24-0837
24.75
60.95
36.20
1.50
36.20m @ 1.50% Li2O from 24.75m
   
   
82.30
87.15
4.85
1.72
4.85m @ 1.72% Li2O from 82.30m
   
   
139.05
142.25
3.20
1.75
3.20m @ 1.75% Li2O from 139.05m
   
   
163.85
170.50
6.65
1.94
6.65m @ 1.94% Li2O from 163.85m
   
   
231.20
239.15
7.95
0.87
7.95m @ 0.87% Li2O from 231.20m
   
 
SYN-24-0853
42.90
48.00
5.10
1.76
5.10m @ 1.76% Li2O from 42.90m
   
   
92.50
96.60
4.10
1.76
4.10m @ 1.76% Li2O from 92.50m
   
   
198.65
209.00
10.35
1.41
10.35m @ 1.41% Li2O from 198.65m
   
 
SYN-24-0860
31.25
42.55
11.30
1.34
11.30m @ 1.34% Li2O from 31.25m
   
   
84.35
87.55
3.20
2.22
3.20m @ 2.22% Li2O from 84.35m
   
   
159.70
164.00
4.30
1.85
4.30m @ 1.85% Li2O from 159.70m
   
   
185.45
213.30
27.85
1.53
27.85m @ 1.53% Li2O from 185.45m
   
 
SYN-24-0877
105.95
108.35
2.40
1.02
2.40m @ 1.02% Li2O from 105.95m
   
   
122.90
25.45
2.55
2.00
2.55m @ 2.00% Li2O from 122.90m
   
   
174.85
205.00
30.15
1.59
30.15m @ 1.59% Li2O from 174.85m
   
 
SYN-24-0878
25.10
36.00
10.90
1.87
10.90m @ 1.87% Li2O from 25.10m
   
   
50.00
58.00
8.00
1.46
8.00m @ 1.46% Li2O from 50.00m
   
   
81.00
88.90
7.90
1.15
7.90m @ 1.15% Li2O from 81.00m
   
   
93.70
102.90
9.20
2.26
9.20m @ 2.26% Li2O from 93.70m
   
   
128.75
132.50
3.75
2.19
3.75m @ 2.19% Li2O from 128.75m
   
   
193.00
207.00
14.00
1.73
14.00m @ 1.73% Li2O from 193.00m
   
   
231.65
234.00
2.35
1.35
2.35m @ 1.35% Li2O from 231.65m
   
   
236.55
253.40
16.85
1.97
16.85m @ 1.97% Li2O from 236.55m
   
   
256.10
281.70
25.60
1.31
25.60m @ 1.31% Li2O from 256.10m
   
 
SYN-24-0879
37.80
40.90
3.10
2.30
3.10m @ 2.30% Li2O from 37.80m
   
   
88.30
106.70
18.40
1.99
18.40m @ 1.99% Li2O from 88.30m
   
   
123.65
126.80
3.15
1.58
3.15m @ 1.58% Li2O from 123.65m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
   
202.60
208.00
5.40
1.73
5.40m @ 1.73% Li2O from 202.60m
   
   
251.70
258.80
7.10
1.27
7.10m @ 1.27% Li2O from 251.70m
   
 
SYN-24-0880
78.40
96.70
18.30
1.47
18.30m @ 1.47% Li2O from 78.40m
   
 
SYN-24-0881A
57.30
65.65
8.35
1.65
8.35m @ 1.65% Li2O from 57.30m
   
   
106.15
110.50
4.35
2.56
4.35m @ 2.56% Li2O from 106.15m
   
   
124.80
127.65
2.85
0.62
2.85m @ 0.62% Li2O from 124.80m
   
   
190.45
209.95
19.50
1.93
19.50m @ 1.93% Li2O from 190.45m
   
   
249.60
253.65
4.05
1.56
4.05m @ 1.56% Li2O from 249.60m
   
 
SYN-24-0884
109.30
116.65
7.35
1.75
7.35m @ 1.75% Li2O from 109.30m
   
   
151.55
194.70
43.15
1.44
43.15m @ 1.44% Li2O from 151.55m
   
 
SYN-24-0885
35.35
44.45
9.10
1.19
9.10m @ 1.19% Li2O from 35.35m
   
   
99.95
103.95
4.00
1.29
4.00m @ 1.29% Li2O from 99.95m
   
   
246.25
256.65
10.40
1.44
10.40m @ 1.44% Li2O from 246.25m
   
 
SYN-24-0888
208.15
213.75
5.60
1.50
5.60m @ 1.50% Li2O from 208.15m
   
   
218.40
226.15
7.75
0.66
7.75m @ 0.66% Li2O from 218.40m
   
 
SYN-24-0889
2.30
4.70
2.40
2.54
2.40m @ 2.54% Li2O from 2.30m
   
   
6.80
11.90
5.10
2.41
5.10m @ 2.41% Li2O from 6.80m
   
 
SYN-24-0889A
2.95
12.00
9.05
1.78
9.05m @ 1.78% Li2O from 2.95m
   
   
41.75
55.85
14.10
1.32
14.10m @ 1.32% Li2O from 41.75m
   
   
71.00
82.70
11.70
1.00
11.70m @ 1.00% Li2O from 71.00m
   
   
180.60
185.00
4.40
1.28
4.40m @ 1.28% Li2O from 180.60m
   
 
SYN-24-0890
40.00
43.15
3.15
1.44
3.15m @ 1.44% Li2O from 40.00m
   
   
88.75
93.70
4.95
1.43
4.95m @ 1.43% Li2O from 88.75m
   
   
214.40
234.30
19.90
1.64
19.90m @ 1.64% Li2O from 214.40m
   
 
SYN-24-0891
34.60
42.20
7.60
1.31
7.60m @ 1.31% Li2O from 34.60m
   
   
209.60
265.25
55.65
1.75
55.65m @ 1.75% Li2O from 209.60m
   
 
SYN-24-0892
33.35
42.90
9.55
2.00
9.55m @ 2.00% Li2O from 33.35m
   
   
208.70
229.55
20.85
1.76
20.85m @ 1.76% Li2O from 208.70m
   
   
237.30
241.80
4.50
0.88
4.50m @ 0.88% Li2O from 237.30m
   
 
SYN-24-0893
22.95
30.85
7.90
1.40
7.90m @ 1.40% Li2O from 22.95m
   
 
SYN-24-0894
26.25
38.60
12.35
1.58
12.35m @ 1.58% Li2O from 26.25m
   
   
67.15
77.00
9.85
0.81
9.85m @ 0.81% Li2O from 67.15m
   
   
81.15
87.05
5.90
1.68
5.90m @ 1.68% Li2O from 81.15m
   
   
95.00
106.50
11.50
1.44
11.50m @ 1.44% Li2O from 95.00m
   
   
143.20
147.35
4.15
1.44
4.15m @ 1.44% Li2O from 143.20m
   
   
201.30
206.80
5.50
1.70
5.50m @ 1.70% Li2O from 201.30m
   
   
228.40
238.90
10.50
1.59
10.50m @ 1.59% Li2O from 228.40m
   
   
265.95
268.60
2.65
1.49
2.65m @ 1.49% Li2O from 265.95m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
   
271.60
294.45
22.85
0.63
22.85m @ 0.63% Li2O from 271.60m
   
   
299.00
307.70
8.70
1.73
8.70m @ 1.73% Li2O from 299.00m
   
 
SYN-24-0897
101.25
106.05
4.80
1.65
4.80m @ 1.65% Li2O from 101.25m
   
   
117.55
126.00
8.45
1.36
8.45m @ 1.36% Li2O from 117.55m
   
 
SYN-24-0898
43.85
47.70
3.85
1.98
3.85m @ 1.98% Li2O from 43.85m
   
   
123.55
140.30
16.75
0.92
16.75m @ 0.92% Li2O from 123.55m
   
   
144.90
162.90
18.00
1.13
18.00m @ 1.13% Li2O from 144.90m
   
 
SYN-24-0899
70.45
93.15
22.70
2.06
22.70m @ 2.06% Li2O from 70.45m
   
   
97.20
99.30
2.10
1.21
2.10m @ 1.21% Li2O from 97.20m
   
   
112.00
114.45
2.45
1.99
2.45m @ 1.99% Li2O from 112.00m
   
   
208.95
212.05
3.10
1.60
3.10m @ 1.60% Li2O from 208.95m
   
 
SYN-24-0903
29.40
37.20
7.80
1.85
7.80m @ 1.85% Li2O from 29.40m
   
   
178.95
181.80
2.85
0.83
2.85m @ 0.83% Li2O from 178.95m
   
 
SYN-24-0905
180.40
190.25
9.85
1.94
9.85m @ 1.94% Li2O from 180.40m
   
   
194.55
206.60
12.05
1.56
12.05m @ 1.56% Li2O from 194.55m
   
 
SYN-24-0907
175.10
178.15
3.05
1.05
3.05m @ 1.05% Li2O from 175.10m
   
 
SYN-24-0919
35.25
41.75
6.50
0.69
6.50m @ 0.69% Li2O from 35.25m
   
   
44.70
47.00
2.30
1.00
2.30m @ 1.00% Li2O from 44.70m
   
   
92.60
97.35
4.75
1.87
4.75m @ 1.87% Li2O from 92.60m
   
   
148.75
154.70
5.95
2.14
5.95m @ 2.14% Li2O from 148.75m
   
   
245.50
249.15
3.65
0.82
3.65m @ 0.82% Li2O from 245.50m
   
   
254.00
261.70
7.70
2.65
7.70m @ 2.65% Li2O from 254.00m
   
   
263.85
272.40
8.55
1.69
8.55m @ 1.69% Li2O from 263.85m
   
   
278.20
282.25
4.05
1.20
4.05m @ 1.20% Li2O from 278.20m
   
   
290.70
296.50
5.80
1.05
5.80m @ 1.05% Li2O from 290.70m
   
   
306.45
311.80
5.35
1.37
5.35m @ 1.37% Li2O from 306.45m
   
 
SYN-24-0921
89.45
93.30
3.85
1.33
3.85m @ 1.33% Li2O from 89.45m
   
   
161.70
166.75
5.05
0.99
5.05m @ 0.99% Li2O from 161.70m
   
 
SYN-24-0931
71.60
78.30
6.70
0.93
6.70m @ 0.93% Li2O from 71.60m
   
 
SYN-24-0932
100.65
119.60
18.95
1.84
18.95m @ 1.84% Li2O from 100.65m
   
   
141.05
144.05
3.00
1.28
3.00m @ 1.28% Li2O from 141.05m
   
 
SYN-24-0939
25.65
33.95
8.30
2.05
8.30m @ 2.05% Li2O from 25.65m
   
   
38.25
87.00
48.75
1.66
48.75m @ 1.66% Li2O from 38.25m
   
   
145.35
149.60
4.25
1.31
4.25m @ 1.31% Li2O from 145.35m
   
   
169.45
176.00
6.55
1.47
6.55m @ 1.47% Li2O from 169.45m
   
   
225.05
248.90
23.85
2.47
23.85m @ 2.47% Li2O from 225.05m
   

Notes: Table 2 presents all intervals above 0.6% Li2O over 2m. Bold text indicates Metal Factor greater than 25.
 
See Notes (2) (Table 1) for drilling intercept calculation methodology.
 

 

Figure 2 – Cross-section view A-A’ – Inter Area
 
South Area

All newly reported drill results from the South area shown below are located outside the current resource pit shell and may contribute to future resource growth. Key intercepts from the South area are listed in Table 3. The pegmatite complex in this zone comprises east-west trending spodumene-bearing dykes that are sub-horizontal or gently dipping northward at 10–15°. Recent drilling confirmed the presence of these dykes, with several thick intercepts returning strong lithium grades, including: 2.20% Li₂O over 13.80m (SYN-24-0862), 1.74% Li₂O over 24.60m (SYN-24-0864), 1.33% Li₂O over 36.90m (SYN-24-0925), and multiple zones in SYN-24-0927 such as 1.48% Li₂O over 14.05m and 1.35% Li₂O over 14.80m (see Figure 1).

Both recent and historical drilling results confirm the presence of broad, flat-lying dykes, as well as smaller, parallel-trending dykes that appear to extend eastward, westward, and southward. These additional diamond drillholes in the South area may contribute to upgrading mineral resources in a future resource update.
 
Table 3 –South Area (intervals above 0.6% Li2O over 2m - outside MRE 2024 pit shell)
 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
Area
 
 
SYN-24-0859
317.50
321.30
3.80
0.96
3.80m @ 0.96% Li2O from 317.50m
   
 
SYN-24-0861
250.65
256.55
5.90
0.79
5.90m @ 0.79% Li2O from 250.65m
   
 
SYN-24-0862
127.20
141.00
13.80
2.20
13.80m @ 2.20% Li2O from 127.20m
   
 
SYN-24-0864
116.40
141.00
24.60
1.74
24.60m @ 1.74% Li2O from 116.40m
South
 
 
SYN-24-0873
276.50
280.10
3.60
1.77
3.60m @ 1.77% Li2O from 276.50m
   
 
SYN-24-0874
261.65
265.20
3.55
1.15
3.55m @ 1.15% Li2O from 261.65m
   
 
SYN-24-0925
99.10
136.00
36.90
1.33
36.90m @ 1.33% Li2O from 99.10m
   
 
SYN-24-0926
88.50
97.25
8.75
1.14
8.75m @ 1.14% Li2O from 88.50m
   
   
99.55
104.75
5.20
1.22
5.20m @ 1.22% Li2O from 99.55m
   
   
107.80
114.60
6.80
1.89
6.80m @ 1.89% Li2O from 107.80m
   
 
SYN-24-0927
79.80
93.85
14.05
1.48
14.05m @ 1.48% Li2O from 79.80m
   
   
97.35
112.15
14.80
1.35
14.80m @ 1.35% Li2O from 97.35m
   
 
Notes: Table 3 presents all intervals above 0.6% Li2O over 2m. Bold text indicates Metal Factor greater than 25.
 
See Notes (2) (Table 1) for drilling intercept calculation methodology.
 

Main Area

The newly reported drill results from the Main area are located outside the current resource pit shell and may contribute to future resource growth. Key intercepts are summarised in Table 4. Both recent and historical drilling confirm the northern extension of the Main pegmatites at depth, consistent with their moderate dip of 20° to the north. Notably, several significant new intercepts were obtained near the eastern edge of the Main area, adjacent to the Inter zone. These include very thick mineralised zones (25 to 38 metres) located outside the pit shell. The results confirm a stacked geometry of sub-horizontal LCT pegmatites, several of which are highly promising in both grade and thickness. Highlights include: 1.85% Li₂O over 38.45m (hole 1331-22-185-ext), 1.44% Li₂O over 30.20m (hole SYN-24-0883), 2.15% Li₂O over 33.40m (hole SYN-24-0896), and 1.92% Li₂O over 31.40m (hole SYN-24-0920). These findings continue to validate the sub-horizontal continuity of mineralisation (see Figure 1).
 
Table 4 – Main Area (intervals above 0.6% Li2O over 2m - outside MRE 2024 pit shell)
 
 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
Area
 
 
1331-16-112-ext
188.70
191.70
3.00
0.81
3.00m @ 0.81% Li2O from 188.70m
   
   
218.60
221.65
3.05
1.40
3.05m @ 1.40% Li2O from 218.60m
   
   
383.70
396.70
13.00
1.32
13.00m @ 1.32% Li2O from 383.70m
   
   
412.40
417.65
5.25
1.51
5.25m @ 1.51% Li2O from 412.40m
   
 
1331-16-115-ext
298.10
313.70
15.60
1.51
15.60m @ 1.51% Li2O from 298.10m
   
   
376.85
386.30
9.45
1.41
9.45m @ 1.41% Li2O from 376.85m
   
   
391.60
412.35
20.75
1.67
20.75m @ 1.67% Li2O from 391.60m
   
 
1331-22-165-ext
418.70
422.40
3.70
0.71
3.70m @ 0.71% Li2O from 418.70m
   
   
178.10
182.40
4.30
1.37
4.30m @ 1.37% Li2O from 178.10m
   
   
275.00
277.40
2.40
1.79
2.40m @ 1.79% Li2O from 275.00m
Main
 
   
282.85
285.00
2.15
1.89
2.15m @ 1.89% Li2O from 282.85m
   
   
317.60
326.00
8.40
1.91
8.40m @ 1.91% Li2O from 317.60m
   
 
1331-22-167-ext
347.55
352.90
5.35
1.04
5.35m @ 1.04% Li2O from 347.55m
   
   
375.30
381.85
6.55
2.07
6.55m @ 2.07% Li2O from 375.30m
   
 
1331-22-171-ext
289.45
306.00
16.55
1.47
16.55m @ 1.47% Li2O from 289.45m
   
   
312.70
323.00
10.30
0.70
10.30m @ 0.70% Li2O from 312.70m
   
   
420.00
426.05
6.05
1.79
6.05m @ 1.79% Li2O from 420.00m
   
   
451.85
455.95
4.10
1.65
4.10m @ 1.65% Li2O from 451.85m
   
 
1331-22-173-ext
291.45
309.25
17.80
1.75
17.80m @ 1.75% Li2O from 291.45m
   
   
343.10
355.20
12.10
1.76
12.10m @ 1.76% Li2O from 343.10m
   
 
1331-22-179-ext
276.60
287.35
10.75
1.43
10.75m @ 1.43% Li2O from 276.60m
   
   
351.55
375.80
24.25
1.43
24.25m @ 1.43% Li2O from 351.55m
   
   
383.15
390.00
6.85
1.67
6.85m @ 1.67% Li2O from 383.15m
   
 
1331-22-182-ext
304.00
322.55
18.55
1.41
18.55m @ 1.41% Li2O from 304.00m
   
   
332.00
343.00
11.00
1.40
11.00m @ 1.40% Li2O from 332.00m
   
   
345.30
350.45
5.15
0.75
5.15m @ 0.75% Li2O from 345.30m
   
   
352.50
362.20
9.70
1.43
9.70m @ 1.43% Li2O from 352.50m
   
   
394.55
403.00
8.45
1.51
8.45m @ 1.51% Li2O from 394.55m
   
 
1331-22-185-ext
270.70
308.75
38.05
1.85
38.05m @ 1.85% Li2O from 270.70m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
   
371.00
381.35
10.35
1.93
10.35m @ 1.93% Li2O from 371.00m
   
 
1331-22-202-ext
334.60
339.00
4.40
0.60
4.40m @ 0.60% Li2O from 334.60m
   
 
1331-22-210-ext
336.75
341.60
4.85
1.25
4.85m @ 1.25% Li2O from 336.75m
   
 
1331-22-292-ext
290.10
293.00
2.90
1.58
2.90m @ 1.58% Li2O from 290.10m
   
 
1331-22-295-ext
361.10
365.50
4.40
0.97
4.40m @ 0.97% Li2O from 361.10m
   
 
1331-22-318-ext
362.15
368.65
6.50
1.00
6.50m @ 1.00% Li2O from 362.15m
   
 
1331-22-496-ext
352.05
366.55
14.50
1.35
14.50m @ 1.35% Li2O from 352.05m
   
   
431.65
446.10
14.45
1.26
14.45m @ 1.26% Li2O from 431.65m
   
 
SYN-24-0742-ext
338.40
346.35
7.95
0.82
7.95m @ 0.82% Li2O from 338.40m
   
 
SYN-24-0751
193.60
198.80
5.20
1.80
5.20m @ 1.80% Li2O from 193.60m
   
 
SYN-24-0775-ext
297.20
300.90
3.70
1.27
3.70m @ 1.27% Li2O from 297.20m
   
   
330.00
332.50
2.50
1.45
2.50m @ 1.45% Li2O from 330.00m
   
   
336.00
349.60
13.60
0.93
13.60m @ 0.93% Li2O from 336.00m
   
   
357.40
360.85
3.45
0.67
3.45m @ 0.67% Li2O from 357.40m
   
 
SYN-24-0794-ext
345.70
353.05
7.35
1.29
7.35m @ 1.29% Li2O from 345.70m
   
 
SYN-24-0806-ext
311.60
315.85
4.25
0.62
4.25m @ 0.62% Li2O from 311.60m
   
   
319.00
324.35
5.35
1.76
5.35m @ 1.76% Li2O from 319.00m
   
 
SYN-24-0875
298.75
318.50
19.75
1.51
19.75m @ 1.51% Li2O from 298.75m
   
   
327.70
333.40
5.70
1.75
5.70m @ 1.75% Li2O from 327.70m
   
 
SYN-24-0876
353.60
361.70
8.10
1.16
8.10m @ 1.16% Li2O from 353.60m
   
   
179.50
182.55
3.05
1.45
3.05m @ 1.45% Li2O from 179.50m
   
 
SYN-24-0883
268.45
280.00
11.55
1.27
11.55m @ 1.27% Li2O from 268.45m
   
   
237.80
268.00
30.20
1.44
30.20m @ 1.44% Li2O from 237.80m
   
 
SYN-24-0895
318.90
329.30
10.40
1.42
10.40m @ 1.42% Li2O from 318.90m
   
   
259.00
267.30
8.30
1.47
8.30m @ 1.47% Li2O from 259.00m
   
   
270.30
274.90
4.60
0.98
4.60m @ 0.98% Li2O from 270.30m
   
 
SYN-24-0896
317.40
326.10
8.70
1.40
8.70m @ 1.40% Li2O from 317.40m
   
   
206.70
240.10
33.40
2.15
33.40m @ 2.15% Li2O from 206.70m
   
   
243.70
258.00
14.30
1.69
14.30m @ 1.69% Li2O from 243.70m
   
 
SYN-24-0920
280.55
288.50
7.95
1.44
7.95m @ 1.44% Li2O from 280.55m
   
   
243.60
275.00
31.40
1.92
31.40m @ 1.92% Li2O from 243.60m
   
   
277.55
281.90
4.35
1.67
4.35m @ 1.67% Li2O from 277.55m
   
   
286.50
286.35
2.85
1.18
2.85m @ 1.18% Li2O from 286.50m
   
   
325.65
337.50
11.85
1.45
11.85m @ 1.45% Li2O from 325.65m
   
 
SYN-24-0929
137.40
140.10
2.70
1.66
2.70m @ 1.66% Li2O from 137.40m
   
   
246.45
271.30
24.85
2.21
24.85m @ 2.21% Li2O from 246.45m
   
   
275.25
278.85
3.60
1.71
3.60m @ 1.71% Li2O from 275.25m
   
   
289.85
294.75
4.90
1.30
4.90m @ 1.30% Li2O from 289.85m
   
   
343.00
353.25
10.25
1.23
10.25m @ 1.23% Li2O from 343.00m
   



Drillhole From (m) To (m) Length (m) Li2O % Description Area
 
SYN-24-0930
99.35
115.25
15.90
1.58
15.90m @ 1.58% Li2O from 99.35m
   
   
141.65
143.80
2.15
0.85
2.15m @ 0.85% Li2O from 141.65m
   
 
SYN-24-0933
321.60
334.90
13.30
0.96
13.30m @ 0.96% Li2O from 321.60m
   
   
359.35
378.00
18.65
1.41
18.65m @ 1.41% Li2O from 359.35m
   
 
SYN-24-0934A
231.70
242.85
11.15
1.24
11.15m @ 1.24% Li2O from 231.70m
   
 
Notes: Table 4 presents all intervals above 0.6% Li2O over 2m. Bold text indicates Metal Factor greater than 25.
 
See Notes (2) (Table 1) for drilling intercept calculation methodology.
 
Inter Area

The new drilling results from the Inter area are all outside the resource pit shell and could potentially contribute to increasing mineral resources. Highlights from the Inter Area are detailed in Table 5. The most significant intercepts (>35m) returned 1.46% Li2O over 59.55m and 1.28% Li2O over 38.00m in hole SYN-24-0837, 1.36% Li2O over 46.15m in hole SYN-24-0894, 1.69% Li2O over 41.00m in hole SYN-24-0903, and 1.35% Li2O over 35.40m in hole SYN-24-0907 (Figure 1 and Figure 2). Drilling in the Inter area demonstrates the continuity of the sub-horizontal pegmatite dykes at depth. All the intercepts presented in this press release confirm the success of this program and the connection potential between Moleon, Main and South pegmatites.

Table 5 – Inter Area (intervals above 0.6% Li2O over 2m - outside MRE 2024 pit shell)
 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
Area
 
 
SYN-24-0731
228.80
235.50
6.70
1.06
6.70m @ 1.06% Li2O from 228.80m
   
   
295.25
324.10
28.85
1.46
28.85m @ 1.46% Li2O from 295.25m
   
   
327.90
332.75
4.85
0.61
4.85m @ 0.61% Li2O from 327.90m
   
 
SYN-24-0736ext
287.20
289.60
2.40
2.29
2.40m @ 2.29% Li2O from 287.20m
   
   
308.65
343.45
34.80
1.64
34.80m @ 1.64% Li2O from 308.65m
Inter
 
   
356.45
362.80
6.35
1.15
6.35m @ 1.15% Li2O from 356.45m
   
 
SYN-24-0785ext
586.20
600.95
14.75
1.33
14.75m @ 1.33% Li2O from 586.20m
   
 
SYN-24-0827
232.90
261.65
28.75
1.45
28.75m @ 1.45% Li2O from 232.90m
   
   
293.30
296.50
3.20
2.29
3.20m @ 2.29% Li2O from 293.30m
   
 
SYN-24-0830
235.05
246.30
11.25
2.31
11.25m @ 2.31% Li2O from 35.05m
   
   
262.90
281.80
18.90
1.59
18.90m @ 1.59% Li2O from 262.90m
   
   
284.30
294.25
9.95
1.08
9.95m @ 1.08% Li2O from 284.30m
   
 
SYN-24-0832
308.60
333.55
24.95
1.55
24.95m @ 1.55% Li2O from 308.60m
   
   
336.20
346.40
10.20
1.01
10.20m @ 1.01% Li2O from 336.20m
   
   
372.95
376.80
3.85
0.79
3.85m @ 0.79% Li2O from 372.95m
   
 
SYN-24-0833
275.15
290.00
14.85
1.74
14.85m @ 1.74% Li2O from 275.15m
   
   
298.40
312.45
14.05
1.82
14.05m @ 1.82% Li2O from 298.40m
   
 
SYN-24-0834
295.40
305.00
9.60
1.46
9.60m @ 1.46% Li2O from 295.40m
   
   
308.25
312.55
4.30
1.81
4.30m @ 1.81% Li2O from 308.25m
   
 
SYN-24-0835
233.80
240.80
7.00
1.40
7.00m @ 1.40% Li2O from 233.80m
   


  Drillhole From (m) To (m) Length (m) Li2O % Description Area  
   
243.80
251.30
7.50
1.14
7.50m @ 1.14% Li2O from 243.80m
   
 
SYN-24-0836
191.80
198.20
6.40
0.79
6.40m @ 0.79% Li2O from 191.80m
   
   
253.70
259.60
5.90
1.48
5.90m @ 1.48% Li2O from 253.70m
   
 
SYN-24-0837
242.30
247.95
5.65
1.35
5.65m @ 1.35% Li2O from 242.30m
   
   
271.00
293.10
22.10
1.46
22.10m @ 1.46% Li2O from 271.00m
   
   
316.60
376.15
59.55
1.46
59.55m @ 1.46% Li2O from 316.60m
   
   
391.00
429.00
38.00
1.28
38.00m @ 1.28% Li2O from 391.00m
   
   
431.90
436.75
4.85
1.29
4.85m @ 1.29% Li2O from 431.90m
   
   
453.60
458.80
5.20
0.96
5.20m @ 0.96% Li2O from 453.60m
   
 
SYN-24-0860
288.90
296.30
7.40
0.75
7.40m @ 0.75% Li2O from 288.90m
   
 
SYN-24-0877
207.45
213.15
5.70
1.62
5.70m @ 1.62% Li2O from 207.45m
   
 
SYN-24-0878
286.60
292.85
6.25
0.96
6.25m @ 0.96% Li2O from 286.60m
   
   
297.75
310.55
12.80
1.14
12.80m @ 1.14% Li2O from 297.75m
   
   
438.00
444.40
6.40
1.52
6.40m @ 1.52% Li2O from 438.00m
   
 
SYN-24-0879
268.75
281.15
12.40
1.67
12.40m @ 1.67% Li2O from 268.75m
   
 
SYN-24-0880
191.10
214.65
23.55
0.99
23.55m @ 0.99% Li2O from 191.10m
   
   
233.15
235.40
2.25
0.84
2.25m @ 0.84% Li2O from 233.15m
   
 
SYN-24-0886
259.00
262.50
3.50
0.93
3.50m @ 0.93% Li2O from 259.00m
   
 
SYN-24-0888
235.90
238.90
3.00
0.93
3.00m @ 0.93% Li2O from 235.90m
   
   
241.20
243.20
2.00
1.42
2.00m @ 1.42% Li2O from 241.20m
   
   
246.75
249.40
2.65
0.93
2.65m @ 0.93% Li2O from 246.75m
   
 
SYN-24-0889A
224.95
259.00
34.05
2.01
34.05m @ 2.01% Li2O from 224.95m
   
   
315.65
339.15
23.50
1.47
23.50m @ 1.47% Li2O from 315.65m
   
 
SYN-24-0890
237.60
251.60
14.00
1.89
14.00m @ 1.89% Li2O from 237.60m
   
   
258.90
266.35
7.45
1.65
7.45m @ 1.65% Li2O from 258.90m
   
 
SYN-24-0891
271.40
278.25
6.85
1.37
6.85m @ 1.37% Li2O from 271.40m
   
 
SYN-24-0892
265.20
272.75
7.55
1.36
7.55m @ 1.36% Li2O from 265.20m
   
   
287.25
289.80
2.55
1.45
2.55m @ 1.45% Li2O from 287.25m
   
 
SYN-24-0893
123.50
138.75
15.25
1.28
15.25m @ 1.28% Li2O from 123.50m
   
   
171.75
180.30
8.55
0.99
8.55m @ 0.99% Li2O from 171.75m
   
   
182.95
200.40
17.45
1.62
17.45m @ 1.62% Li2O from 182.95m
   
 
SYN-24-0894
310.25
356.40
46.15
1.36
46.15m @ 1.36% Li2O from 310.25m
   
   
379.25
409.35
30.10
1.26
30.10m @ 1.26% Li2O from 379.25m
   
 
SYN-24-0897
194.50
199.85
5.35
1.26
5.35m @ 1.26% Li2O from 194.50m
   
   
284.40
303.00
18.60
1.27
18.60m @ 1.27% Li2O from 284.40m
   
   
375.30
388.10
12.80
1.49
12.80m @ 1.49% Li2O from 375.30m
   
 
SYN-24-0898
273.40
286.20
12.80
1.56
12.80m @ 1.56% Li2O from 273.40m
   
   
306.20
311.45
5.25
2.96
5.25m @ 2.96% Li2O from 306.20m
   


 
Drillhole
From (m)
To (m)
Length (m)
Li2O %
Description
Area
 
 
SYN-24-0898ext
404.15
423.30
19.15
2.31
19.15m @ 2.31% Li2O from 404.15m
   
 
SYN-24-0899
221.20
229.60
8.40
1.39
8.40m @ 1.39% Li2O from 221.20m
   
   
234.60
237.25
2.65
1.70
2.65m @ 1.70% Li2O from 234.60m
   
   
240.55
243.70
3.15
1.28
3.15m @ 1.28% Li2O from 240.55m
   
 
SYN-24-0900
157.60
173.00
15.40
1.82
15.40m @ 1.82% Li2O from 157.60m
   
   
230.35
243.85
13.50
1.79
13.50m @ 1.79% Li2O from 230.35m
   
 
SYN-24-0901
170.00
180.20
10.20
1.28
10.20m @ 1.28% Li2O from 170.00m
   
 
SYN-24-0903
185.10
226.10
41.00
1.69
41.00m @ 1.69% Li2O from 185.10m
   
 
SYN-24-0906
211.05
226.20
15.15
1.36
15.15m @ 1.36% Li2O from 211.05m
   
   
228.70
241.35
12.65
1.07
12.65m @ 1.07% Li2O from 228.70m
   
   
327.30
330.85
3.55
1.91
3.55m @ 1.91% Li2O from 327.30m
   
   
353.50
367.35
13.85
1.32
13.85m @ 1.32% Li2O from 353.50m
   
 
SYN-24-0907
230.65
266.05
35.40
1.35
35.40m @ 1.35% Li2O from 230.65m
   
   
302.65
305.30
2.65
2.22
2.65m @ 2.22% Li2O from 302.65m
   
 
SYN-24-0908
139.95
142.00
2.05
1.04
2.05m @ 1.04% Li2O from 139.95m
   
   
237.80
244.80
7.00
1.79
7.00m @ 1.79% Li2O from 237.80m
   
 
SYN-24-0909
302.30
314.90
12.60
2.52
12.60m @ 2.52% Li2O from 302.30m
   
 
SYN-24-0912
185.20
187.80
2.60
1.31
2.60m @ 1.31% Li2O from 185.20m
   
   
197.80
200.75
2.95
1.18
2.95m @ 1.18% Li2O from 197.80m
   
 
SYN-24-0921
316.00
318.00
2.00
1.83
2.00m @ 1.83% Li2O from 316.00m
   
   
340.00
342.50
2.50
2.33
2.50m @ 2.33% Li2O from 340.00m
   
 
SYN-24-0931
224.90
247.25
22.35
1.41
22.35m @ 1.41% Li2O from 224.90m
   
   
299.85
305.75
5.90
1.46
5.90m @ 1.46% Li2O from 299.85m
   
 
SYN-24-0932
223.15
233.20
10.05
1.12
10.05m @ 1.12% Li2O from 223.15m
   
   
244.90
259.00
14.10
1.31
14.10m @ 1.31% Li2O from 244.90m
   
   
267.70
270.90
3.20
1.18
3.20m @ 1.18% Li2O from 267.70m
   
   
330.65
339.80
9.15
1.79
9.15m @ 1.79% Li2O from 330.65m
   
 
SYN-24-0939
366.15
398.40
32.25
1.59
32.25m @ 1.59% Li2O from 366.15m
   
 
Notes: Table 5 presents all intervals above 0.6% Li2O over 2m. Bold text indicates Metal Factor greater than 25.
 
See Notes (2) (Table 1) for drilling intercept calculation methodology.
 
Moleon Area

All results from the Moleon area are located outside the current resource pit shell and indicate potential for future resource expansion. Key intercepts are outlined in Table 6. Drilling in the Moleon area confirms the extension of sub-horizontal, east-west trending pegmatites from the Main and South areas, intersected by north-south striking, steeply dipping pegmatite dykes. This structural intersection creates zones of significant mineralisation with substantial thicknesses. The new results further validate the eastward continuity of sub-horizontal pegmatites into the Moleon area, with N-S trending dykes exhibiting estimated true widths of up to 27m. Notable intercepts include 1.78% Li₂O over 16.35m and 1.82% Li₂O over 26.75m in hole SYN-24-0887. Figure 1 provides further visual context for these findings


Table 6 – Moleon Area (intervals above 0.6% Li2O over 2m - outside MRE 2024 pit shell)
 
Drillhole
From
(m)
To (m)
Length
(m)
Li2O
%
Description
Area
 
 
SYN-24-0887
132.15
148.50
16.35
1.78
16.35m @ 1.78% Li2O from 132.15m
   
   
200.90
227.65
26.75
1.82
26.75m @ 1.82% Li2O from 200.90m
   
 
SYN-24-0911
7.65
14.55
6.90
1.66
6.90m @ 1.66% Li2O from 7.65m
Moleon
 
 
SYN-24-0911A
7.50
15.10
7.60
1.57
7.60m @ 1.57% Li2O from 7.50m
   
   
197.60
201.95
4.35
1.83
4.35m @ 1.83% Li2O from 197.60m
   
 
SYN-24-0915
169.55
172.10
2.55
0.76
2.55 @ 0.76% Li2O from 169.55m
   
 
Notes: Table 6 presents all intervals above 0.6% Li2O over 2m. Bold text indicates Metal Factor greater than 25.
 
See Notes (2) (Table 1) for drilling intercept calculation methodology.
 
The Moblan project is located about 130 km northwest of Chibougamau and approximately 85 km from the Cree community of Mistissini. Conveniently located within 300 metres of the Route du Nord, a regional highway accessible year-round, the project benefits from direct connectivity to railway lines leading to major ports in Eastern Canada.

For more information, please contact:

Andrew Barber
Director of Investor Relations

Ph: +617 3369 7058


About Sayona Mining

Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB: SYAXF), with projects in Québec, Canada and Western Australia.

In Québec, Sayona’s assets comprise North American Lithium together with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.

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).
For more information, please visit us at www.sayonamining.com.au

About Investissement Québec

Investissement Québec’s mission is to play an active role in Québec’s economic development by stimulating business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all of the province’s administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customised financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec Innovation. In addition, through Investissement Québec International, the Corporation prospects for talent and foreign investment, and assists Québec businesses with export activities.

References to Previous ASX Releases
 
Drilling confirms thick, high-grade lithium intercepts and further down-dip expansion of the Moblan pegmatite system – 27 April 2025
Moblan continues to deliver more high-grade lithium results from the 2024 drill program – 30 January 2025
Moblan mineral resource increase 81% to 93Mt – 27 August 2024
Moblan drilling reveals further high-grade lithium intersections – 13 June 2024
Moblan drilling delivers thick, high-grade intersections – 26 May 2024
Moblan Lithium Project Definitive Feasibility Study – 20 February 2024
Moblan drilling shows expansion potential – 23 October 2023
Drill results significantly expand Moblan lithium footprint – 11 July 2023
Moblan boosted by significant increase in lithium resource – 17 April 2023
 
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Competent and Qualified Person Statement

The information in this announcement relating to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr. Carl Corriveau, PGeo, VP Exploration of Sayona, Mr Alain Carrier, PGeo, independent consultant (Norda Stelo/InnovExplo) who are all members of the Quebec Order of Geologists, a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Corriveau and Carrier consent to the inclusion in this release of the matters based on the information in the form and context in which they appear.

Forward Looking Statements

This press release contains certain forward-looking statements. Such statements include, but are not limited to, statements relating to "reserves" or "resources". Forward-looking statements are based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona’s control. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements.


Table 7 – Drillhole Collar Data
 
 
South Area
             
 
Drillhole
East (m)
North (m)
Elevation
(m)
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
SYN-24-0816
507,453.39
5,619,711.36
478.33
180
-60
225.00
 
 
SYN-24-0817
507,549.46
5,619,697.12
480.11
180
-77
261.15
 
 
SYN-24-0819
507,500.78
5,619,724.58
479.52
180
-62
201.00
 
 
SYN-24-0824
507,613.25
5,619,763.60
482.13
182
-70
180.00
 
 
SYN-24-0852
506,376.79
5,619,792.51
568.24
210
-63
168.00
 
 
SYN-24-0854
506,452.95
5,619,632.92
550.58
180
-70
141.00
 
 
SYN-24-0855
506,468.44
5,619,929.90
540.39
180
-70
102.00
 
 
SYN-24-0856
506,469.63
5,619,571.10
544.20
165
-56
120.00
 
 
SYN-24-0857
506,480.01
5,619,892.32
539.37
180
-55
102.00
 
 
SYN-24-0859
506,526.31
5,619,886.58
536.83
177
-60
402.00
 
 
SYN-24-0861
506,563.37
5,619,944.41
536.02
180
-70
351.00
 
 
SYN-24-0862
506,557.07
5,619,566.21
533.92
180
-57
141.00
 
 
SYN-24-0864
506,598.31
5,619,548.19
539.45
188
-73
141.00
 
 
SYN-24-0866
506,642.67
5,619,830.42
537.92
188
-62
100.00
 
 
SYN-24-0873
507,452.40
5,619,890.18
484.40
184
-73
375.00
 
 
SYN-24-0874
507,620.58
5,619,824.44
483.64
176
-75
327.00
 
 
SYN-24-0918
507,304.49
5,619,619.89
478.35
194
-46
279.00
 
 
SYN-24-0925
506,896.29
5,619,578.12
494.30
180
-65
171.00
 
 
SYN-24-0926
506,954.76
5,619,511.41
478.79
180
-65
180.00
 
 
SYN-24-0927
506,889.63
5,619,515.65
495.47
180
-75
141.00
 
 
SYN-24-0936
507,303.98
5,619,619.75
478.28
180
-57
201.00
 
 
SYN-24-0937
507,352.61
5,619,629.01
478.66
180
-70
192.00
 
 
 
 
 
Sub-total
22
drillholes
4,501.15
 

 
Main Area
             
 
Drillhole
East (m)
North (m)
Elevation
(m)
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
1331-16-112-ext
507,191.50
5,620,029.70
516.20
179
-53
444.60
 
 
1331-16-115-ext
507,250.70
5,620,267.70
538.60
179
-56
462.00
 
 
1331-22-165-ext
507,251.68
5,619,959.91
504.43
183
-69
348.00
 
 
1331-22-167-ext
507,096.81
5,619,952.81
504.19
172
-60
411.00
 
 
1331-22-171-ext
507,106.31
5,620,075.31
509.04
181
-51
462.00
 
 
1331-22-173-ext
507,151.86
5,620,072.75
515.38
180
-55
426.00
 
 
1331-22-179-ext
507,175.02
5,620,187.09
518.80
180
-55
420.00
 
 
1331-22-182-ext
507,282.30
5,620,117.43
524.36
160
-55
435.00
 
 
1331-22-185-ext
507,346.29
5,620,228.59
537.98
192
-58
435.00
 
 
1331-22-202-ext
506,950.44
5,620,099.76
505.27
177
-82
413.40
 
 
1331-22-210-ext
507,002.96
5,619,799.15
506.79
182
-81
423.00
 
 
1331-22-291-ext
507,002.75
5,619,986.40
506.91
180
-80
450.00
 
 
1331-22-292-ext
507,000.99
5,620,046.12
502.39
179
-80
423.00
 
 
1331-22-293-ext
507,013.51
5,620,109.58
503.30
200
-80
432.00
 
 
1331-22-295-ext
506,983.90
5,620,198.29
500.46
172
-75
408.00
 
 
1331-22-318-ext
507,297.38
5,620,302.75
548.11
180
-65
414.00
 
 
1331-22-344-ext
507,304.10
5,620,409.24
561.35
0
-85
420.00
 
 
1331-22-496-ext
507,401.53
5,620,500.67
569.31
180
-65
494.60
 
 
SYN-24-0742-ext
507,154.05
5,620,253.66
512.84
180
-65
399.00
 


 
Main Area
             
 
Drillhole
East (m)
North (m)
Elevation
(m)
 
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
SYN-24-0751
507,257.74
5,620,396.88
552.75
177
-63
222.00
 
 
SYN-24-0751-ext
507,257.74
5,620,396.88
552.75
177
-63
471.00
 
 
SYN-24-0775-ext
507,243.39
5,620,283.42
538.18
180
-65
417.00
 
 
SYN-24-0794-ext
507,260.90
5,620,323.06
546.97
180
-65
444.00
 
 
SYN-24-0806-ext
507,190.04
5,620,334.94
526.62
180
-65
411.00
 
 
SYN-24-0875
507,347.74
5,620,044.23
500.51
175
-61
393.00
 
 
SYN-24-0876
507,297.84
5,619,952.86
490.77
175
-68
378.00
 
 
SYN-24-0883
507,346.81
5,620,178.23
532.30
182
-70
360.00
 
 
SYN-24-0895
507,347.55
5,620,044.91
500.95
180
-72
546.00
 
 
SYN-24-0896
507,364.13
5,620,066.53
508.86
195
-80
351.00
 
 
SYN-24-0920
507,286.91
5,620,048.96
513.33
180
-72
351.00
 
 
SYN-24-0929
507,221.78
5,620,071.67
516.65
180
-65
370.50
 
 
SYN-24-0930
507,396.86
5,620,211.41
532.60
152
-72
387.00
 
 
SYN-24-0933
507,124.03
5,620,151.18
508.29
175
-52
411.00
 
 
SYN-24-0934A
507,124.03
5,620,151.14
508.23
175
-66
384.00
 
 
 
 
 
Sub-total
34
drillholes
14,017.10
 


 
Inter Area
 
 
 
 
 
 
 
Drillhole
East (m)
North (m)
Elevation
(m)
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
1331-22-343-ext
507,449.56
5,620,397.60
564.29
0
-85
408.00
 
 
SYN-24-0731
507,438.93
5,620,395.68
565.58
180
-60
381.00
 
 
1331-22-736-ext
507,446.71
5,620,455.56
583.24
180
-65
450.00
 
 
1331-22-785-ext
507,470.73
5,620,191.26
514.99
130
-65
630.00
 
 
SYN-24-0827
507,625.88
5,620,029.82
496.72
130
-53
318.00
 
 
SYN-24-0830
507,652.38
5,620,059.58
493.98
130
-50
336.00
 
 
SYN-24-0832
507,579.68
5,619,966.11
491.15
188
-65
426.00
 
 
SYN-24-0833
507,605.87
5,619,972.39
493.76
180
-60
351.00
 
 
SYN-24-0834
507,557.15
5,619,933.03
493.63
183
-62
363.00
 
 
SYN-24-0835
507,651.71
5,620,059.42
493.96
145
-72
276.00
 
 
SYN-24-0836
507,652.13
5,620,059.73
493.98
130
-60
300.00
 
 
SYN-24-0837
507,579.15
5,619,966.56
490.92
195
-75
486.00
 
 
SYN-24-0853
507,605.87
5,619,971.93
493.66
181
-52
390.00
 
 
SYN-24-0860
507,606.60
5,619,973.46
493.69
160
-60
390.00
 
 
SYN-24-0877
507,664.45
5,620,077.24
490.30
130
-67
252.00
 
 
SYN-24-0878
507,461.14
5,620,112.59
507.32
143
-67
606.00
 
 
SYN-24-0879
507,500.86
5,620,106.00
491.02
125
-58
351.00
 
 
SYN-24-0880
507,525.31
5,620,143.71
482.23
160
-73
327.00
 
 
SYN-24-0881A
507,521.19
5,620,209.66
498.40
130
-58
357.00
 
 
SYN-24-0884
507,613.00
5,620,227.31
498.60
128
-73
300.00
 
 
SYN-24-0885
507,664.53
5,620,014.36
496.05
162
-57
351.00
 
 
SYN-24-0886
507,660.23
5,620,202.49
489.48
93
-46
291.00
 
 
SYN-24-0888
507,573.99
5,620,132.78
478.58
99
-53
300.00
 
 
SYN-24-0889
507,568.98
5,620,048.10
483.56
182
-71
15.15
 
 
SYN-24-0889A
507,568.95
5,620,047.90
483.54
182
-71
360.00
 
 
SYN-24-0890
507,624.85
5,620,030.68
496.65
191
-80
300.00
 


 
Inter Area
             
 
Drillhole
East (m)
North (m)
Elevation
(m)
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
SYN-24-0891
507,662.20
5,620,014.57
496.18
217
-70
315.00
 
 
SYN-24-0892
507,650.50
5,620,059.36
493.77
170
-66
306.00
 
 
SYN-24-0893
507,747.21
5,620,049.96
492.77
117
-65
252.00
 
 
SYN-24-0894
507,461.08
5,620,111.89
507.21
152
-59
429.00
 
 
SYN-24-0894-ext
507,461.08
5,620,111.89
507.21
152
-59
531.00
 
 
SYN-24-0897
507,642.76
5,620,251.86
495.25
30
-55
435.00
 
 
SYN-24-0898
507,597.84
5,620,213.67
495.10
30
-50
402.00
 
 
SYN-24-0898-ext
507,597.84
5,620,213.67
495.10
30
-50
438.00
 
 
SYN-24-0899
507,521.73
5,620,084.65
480.81
141
-71
384.00
 
 
SYN-24-0900
507,767.39
5,619,979.57
482.97
100
-48
300.00
 
 
SYN-24-0901
507,766.73
5,619,978.11
483.04
123
-49
300.00
 
 
SYN-24-0902
507,765.37
5,619,977.74
483.10
143
-48
303.00
 
 
SYN-24-0903
507,748.60
5,620,050.84
492.78
167
-48
333.00
 
 
SYN-24-0904
507,764.22
5,619,977.93
483.10
163
-48
300.00
 
 
SYN-24-0905
507,763.07
5,619,978.40
483.05
185
-48
300.00
 
 
SYN-24-0906
507,434.68
5,620,347.20
563.41
103
-67
384.00
 
 
SYN-24-0907
507,434.31
5,620,347.28
563.40
103
-80
369.00
 
 
SYN-24-0908
507,598.85
5,620,461.22
520.77
100
-50
330.00
 
 
SYN-24-0909
507,484.51
5,620,484.17
583.81
102
-49
402.00
 
 
SYN-24-0912
507,602.92
5,620,526.08
535.41
100
-50
258.00
 
 
SYN-24-0914
507,503.92
5,620,535.06
577.26
100
-50
303.00
 
 
SYN-24-0919
507,661.48
5,620,015.22
496.21
200
-58
360.00
 
 
SYN-24-0921
507,606.69
5,619,973.79
493.63
165
-52
401.00
 
 
SYN-24-0931
507,396.53
5,620,211.44
532.67
105
-77
375.00
 
 
SYN-24-0932
507,397.55
5,620,213.31
532.65
173
-64
573.00
 
 
SYN-24-0938
507,513.69
5,620,975.95
520.81
130
-50
264.00
 
 
SYN-24-0939
507,580.58
5,619,967.35
490.83
240
-83
510.00
 
   
 
 
Sub-total
53
drillholes
19,172.15
 

 
Moleon Area
             
 
Drillhole
East (m)
North (m)
Elevation
(m)
Azimuth
Dip
Degrees
End of Hole
(m)
 
 
SYN-24-0887
507,825.96
5,620,031.89
485.38
93
-49
267.00
 
 
SYN-24-0911
507,890.86
5,620,505.32
486.51
100
-50
27.00
 
 
SYN-24-0911A
507,890.80
5,620,505.44
486.60
100
-50
240.00
 
 
SYN-24-0913
507,832.89
5,620,529.48
498.41
100
-50
285.00
 
 
SYN-24-0915
507,890.86
5,620,563.65
497.02
100
-50
240.00
 
 
SYN-24-0916
508,191.33
5,620,562.42
468.79
100
-50
102.00
 
 
SYN-24-0917
508,290.38
5,620,590.72
469.48
100
-52
102.00
 
 
 
 
 
Sub-total
7
drillholes
1,263.00
 
 
 
 
 
Total
116
drillholes
38,953.40
 
Notes: The coordinates are in metres in UTM NAD83 Zone 18 and elevation are above sea level.


APPENDIX A – JORC TABLES



JORC Code, 2012 Edition – Table 1
 


Section 1: Sampling Techniques and Data
 
 
Criteria
 
JORC Code explanation
 
Commentary
 
 
Sampling techniques
 
Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.
 
Sampling at the Moblan Lithium Project (the ‘Project’) is adequate, of good quality and comes from core drilling. Core samples are obtained from diamond drilling (NQ and HQ diameter core).
New results from this release were from NQ and BTW core diameter.
 
     
Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.
 
Geological logging of recovered drill core visually identified pegmatite and its constituent mineralogy to determine the intervals for sampling. Lithium-bearing spodumene is easily identified. Sampling has been determined on geological characteristics and ranges from between 0.25 m and 1.6 m in length. The core was cut using a diamond saw core-cutter, and half-cores were sampled. All pegmatite material intersected downhole has been sampled.
 
     
Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.
 
Sample preparation and assaying methods are industry-standard and appropriate for this type of mineralisation. The Project is supported by core samples taken by diamond drilling (no other sampling methods were used).
 


 
Drilling techniques
 
Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).
 
Drilling from surface was carried out by diamond drilling methods, using a standard tube to recover NQ and HQ size core (no other drilling methods were used). The core was not orientated. Downhole drill azimuth and dip have been determined by TN-14 azimuth aligner and downhole Reflex Gyro multi- and single-shot recording instruments; Flexit multi-shot; and Tropari and acid test for the remaining historical drill holes.
 
 
Drill sample recovery
 
Method of recording and assessing core and chip sample recoveries and results assessed.
 
Drilling was directly into the hard (fresh) rock, starting at the surface, and core recovery approximates 100%. the core has been marked up, and the core recovery and RQD.
 
     
Measures taken to maximise sample recovery and ensure representative nature of the samples.
 
To ensure the representative nature of the samples drilling has been by diamond drill core methods, measurements have been recorded. Core recoveries were typically high and considered acceptable, and it is not believed a bias has been introduced into the sampling system.
 
     
Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.
 
There is no correlation or bias between the grades obtained and core recovery.
 
 
Logging
 
Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
 
All drill core has been geologically logged to a level of detail appropriate for the Project. Geological logging, RQD measurements and structural information have been completed. The logging is qualitative and is supported by photography of marked-up core. The logging was appropriate and of sufficient quality and level of detail to support the mineral resource estimation and mining and metallurgical studies.
 
 
     
Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.
 
Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure. Logging also includes core recovery and RQD measurements.
 
     
The total length and percentage of the relevant intersections logged.
 
The 2024 Moblan Mineral Resource Estimate (‘2024 MRE’) is supported by 771 surface drillholes for 130,633m drilled between 2002 and the end 2023 and by surface channel samples (samples collected from 10 surface trenches) with database close-out date of April 2nd, 2024 (ASX announcement 27 August 2024).
Several results have been published since the 2024 MRE. In 2024, new release covers the results of 94 new drillholes totalling 20,735.75m (ASX announcement 26 May 2024), in June 2024, 34 new drillholes (7,853m) were released (ASX announcement June 13th, 2024) and in January 2025, 57 new drillholes (13,999m) (ASX announcement January 30th, 2025), 99 drillholes (28,513.95) (ASX announcement April 27, 2025).
This release covers the results of 116 new drillholes totalling 38,953.40m.
The completed and released drill holes for the Project currently amount to 986 drillholes (198,100.35m). The sample database has been established in UTM coordinates (NAD 83 Zone 18).
 


 
Sub-sampling techniques and sample preparation
 
If core, whether cut or sawn and whether quarter, half or all core taken.
 
Drill core has been cut in half by a diamond saw, with half-core samples packaged and grouped into bulk bags for dispatch to the laboratory.
Half-core sampling is considered an appropriate method to ensure a sufficient quantity of sample is collected for it to be representative of the drill material and appropriate for the grain size of the material being sampled.
 
     
If non-core, whether riffled, tube sampled, rotary split, etc., and whether sampled wet or dry.
 
There was no sampling method other than diamond drilling (core drilling).
 
     
For all sample types, the nature, quality and appropriateness of the sample preparation technique.
 
Sampling, sample preparation and quality control protocols are considered appropriate for the material being sampled.
Since 2011, sample preparation has been conducted in independent accredited laboratories (SGS laboratories in Toronto, Ontario (Canada) and ALS and AGAT laboratories in Val-d’Or, Québec (Canada)).
AGAT: each core sample is dried and weighed, and the entire sample is crushed to 75% passing 2 mm. A split of up to 250 g is taken using a riffle splitter and pulverised to better than 85% passing 75 μm.
ALS: each core sample is dried and weighed, and the entire sample is crushed to 70% passing 2 mm. A split of up to 250 g is taken using a riffle splitter and pulverised to better than 85% passing 75 μm.
 
 
     
Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.
 
The core samples have been selected by visual logging methods and are considered appropriate for the analytical work being carried out in an industry-standard manner.
 
     
Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.
 
The remaining half-cores, crushed samples (rejects) and pulverised samples (pulps) are retained for further analysis and quality control checks.
 
     
Whether sample sizes are appropriate to the grain size of the material being sampled.
 
Sample sizes are considered appropriate for the style of mineralisation.
 
 
Quality of assay data and laboratory tests
 
The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
 
All samples were analysed at independent accredited laboratories (SGS laboratories in Toronto, Ontario (Canada), and ALS and AGAT laboratories in Val-d’Or, Québec (Canada)).
All the 2007–2010 samples were analysed by SGS in Toronto by Sodium Peroxide Fusion and ICP-MS finish using a 0.2 g aliquot of pulverised material.
In 2022–2025, all core samples were analysed at ALS by ME-MS589L Sodium Peroxide Fusion and ICP-MS finish using a 0.2 g aliquot of pulverised material. Previous operators and Sayona have regularly inserted third-party reference control samples and blank samples in the sample stream to monitor assay and laboratory performance. Assaying was completed by ALS Laboratories.
It is believed that the sampling, assaying and laboratory procedures are representative of the drilled material and appropriate for the Project.
 


     
For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
 
 
There was no sampling method other than diamond drilling. No geophysical tools or XRF instruments have been used in determining mineralisation.
 
     
Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
 
QA/QC was ensured by the insertion of Certified Reference Material (‘CRM’), half-core duplicate sampling, and the insertion of blanks into the sample sequence. Protocols include the systematic insertion of CRM standards at approximately 1 for every 25 samples and alternating blank samples of quartz and core duplicate samples at a rate of 1 for every 25 samples in previous operator programmes (SOQUEM). Since June 2022, Sayona's protocols have switched to 1 control sample for every 20 samples.
The CRMs used for monitoring lithium values are OREAS 750, OREAS 751, OREAS 752, OREAS 753 and OREAS 999. Occasionally, a CRM for Zn (OREAS 630B) has been used to validate other metals. These standards have been selected to reflect the target mineralisation type. Assays of quality control samples were compared with reference samples in the database and verified as acceptable prior to using the data from the analysed batches.
The assaying techniques and quality control protocols used are considered appropriate for the data to be reported in its current form and for the estimation of mineral resources.
 
 
Verification of sampling and assaying
 
The verification of significant intersections by either independent or alternative company personnel.
 
Sampling intervals defined by the geologist were assigned sample identification numbers prior to core cutting.
The results have been reviewed by multiple geologists. The company conducts internal data verification protocols, which have been followed. Significant intersections were verified by company personnel and CPs.
There are no currently known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.
 
     
The use of twinned holes.
 
No twinned holes have been drilled.
 
     
Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
 
All sampling and assay information were stored in a secure GeoticLog database with restricted access.
Assay results from the laboratory with corresponding sample identification are loaded directly into the GeoticLog database.
 
     
Discuss any adjustment to assay data.
 
Li% has been converted to Li2O% for reporting purposes. The conversion used is Li2O = Li x 2.1527. No other adjustments to the assay data have been made.
 
 
Location of data points
 
Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
 
The drilling collars are positioned using handheld GPS and then professionally surveyed after completion. The professional survey firms of Paul Roy, Arpenteur-Géomètre, and Caouette, Thériault & Renaud, both based in Chibougamau, provided a land surveyor with a GPS base station to survey the completed drill collar locations.
Drill rigs were aligned using an electronic azimuth aligner (TN-14 azimuth aligner). Downhole survey data were collected at 3-m intervals using Reflex EZ and Flexit instruments. Some historical drill holes were subjected to Tropari and acid tests to monitor down-hole deviations.
The government’s LIDAR survey of the area was used to prepare a DEM/topographic model for the Project. There are no mine workings on the site.
 
     
Specification of the grid systeusMed.
 
The grid system is UTM NAD83 Zone 18.
 


     
Quality and adequacy of topographic control.
 
The quality and adequacy of the topographic control and drill hole database are considered appropriate for the work undertaken, and the data is suitable for use in mineral resource estimation.
 
 
Data spacing and distribution
 
Data spacing for reporting of Exploration Results.
 
The drill hole spacing ranges from 20–65m within the mineral resource area.
The spacing between drill hole fences is typically around 50m apart.
The drilling grid is looser in areas at the exploration stage and may include isolated drill holes.
 
     
Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserves estimation procedure(s) and classifications applied.
 
The data spacing is sufficient to establish the degree of geological and grade continuity for the exploration results, yielding Measured, Indicated and Inferred Mineral Resources within the Main dykes and Indicated and Inferred Mineral Resources within the South, Inter and Moleon dykes.
Significant assay intercepts remain open.
Further drilling is required to determine the extent of currently defined mineralisation. New drilling results obtained since the 2024 MRE database close-out date could potentially locally upgrade some resources and add new resources.
 
     
Whether sample compositing has been applied.
 
One metre (1m) compositing is applied to samples used for the mineral resource estimation. Samples from drill holes completed after the 2024 MRE were not composited.
For the purposes of illustrating exploration results, lithium values for pegmatite dykes are reported as the weighted average of individual samples.
 
 
Orientation of data in relation to geological structure
 
Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
 
Drilling may intersect mineralisation at various angles but is typically orthogonal to the lithium pegmatites dykes. Some drill positions have utilised the same drill pad but with a variable dip to intersect the target mineralisation at depth.
 
     
If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
 
The relationship between the drilling orientation and the orientation of key mineralised structures is appropriate. Drill holes exploring the extent of the Project intersected four (4) lithium-bearing pegmatite dyke swarms: Main, South, New South and Moleon. Each corresponds to a series of stacked dykes of variable thickness separated by faults. The Main group comprises 5 dykes oriented E-W and dipping gently to the north (N260°/-20°) and two dykes oriented approximately N-S and dipping steeply to the west (N180°/-70°). The South group comprises 12 dykes oriented E-W and nearly sub-horizontal or dipping gently to the south (N260°/-10°) and one dyke oriented approximately N-S and dipping steeply to the west (N180°/-70°). The New South group comprises 12 dykes oriented E-W and nearly sub-horizontal or dipping gently to the south (N260°/-5°) and one dyke oriented approximately N-S and dipping steeply to the west (N180°/-70°). The Moleon group comprises 1 dyke oriented E-W and nearly sub-horizontal or dipping gently to the south (N260°/-5°) and 9 dykes oriented N-S and dipping steeply to the west (N180°/-70°).
Spodumene pegmatite dykes in the area are typically tabular bodies, and the reported results appear consistent with that style of mineralisation. Drill hole orientation does not appear to have introduced a sampling bias.
 
 
Sample security
 
The measures taken to ensure sample security.
 
All reasonable measures and industry-standard sample and storage protocols have been applied.
Sample security is controlled by tracking samples from the drill rig through core logging, sampling, laboratory preparation and analysis, and database entry. Drill core was delivered from the drill rig to the core yard every shift. On completion of geological and geotechnical logging, Laurentia Exploration or Sayona personnel and/or their representatives finished processing the core and sent the samples to the laboratory.
 


 
Audits or reviews
 
The results of any audits or reviews of sampling techniques and data.
 
Internal reviews of core handling, sample preparation and laboratory procedures were conducted on a regular basis by both Laurentia Exploration or Sayona personnel and/or by their representatives.
The CP for the resource estimate, Mr. Alain Carrier, P.Geo., completed an independent logging and sampling review, and conducted re-sampling of selected core intervals. The results of the CP’s independent re-sampling programme are satisfactory.
Independent (Technominex) and internal (Sayona) CPs also conducted site visits and reviewed the application of core logging and sampling protocols and procedures.
During the 2024 Summer-fall campaign, sampling was conducted at Service MNG in Val-d’Or and at Services Technominex in Rouyn-Noranda. The drill core was logged and sampled by experienced geologists (Sayona/Laurentia Exploration) at the Moblan site, at the Chatillon camp. Sayona has continued the same sampling procedures as for the 2022-2023 campaign. The transportation of the core was handled by these two companies (MNG and Technominex). The cores were palletised at the site after logging and alternately transported by these two service companies. The delivery of the samples to the ALS laboratory was carried out by MNS (in Val-d'Or) and Technominex (in Rouyn-Noranda). The 2024 core storage is located at the LAN mining site in La Corne, and the storage of pulp and rejects is at the warehouse in Amos.
The sample preparation, security and analytical procedures are consistent with current industry standards and are appropriate and acceptable for the styles of mineralisation identified and will be appropriate for use in mineral resource estimation. There are no identified drilling, sampling or recovery factors that materially impact the adequacy and reliability of the results of the drilling programme on the Project.
 




JORC Code, 2012 Edition – Table 2
 

Section 2: Reporting of Exploration Results
 
 
Criteria
 
JORC Code explanation
 
Commentary
 
 
Mineral tenement and land tenure status
 
Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
 
Moblan is situated in the northwestern part of the Province of Québec, Canada.
The Moblan Property, host to the lithium mineral resources outlined in the 2024 MRE consists of 20 claims (roughly 433 ha or 4.3 km2) held by Sayona Nord (60%) and Investissement Québec (40%). The Moblan Property is subject to a 1.5 to 2.5% Gross Overriding Revenue (‘GOR’) royalty payable to Lithium Royalty Corporation.
 
     
The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
 
All claims are in good standing as of July 7, 2025. Claims are currently owned 60% by Sayona Nord Inc. (101628) and 40% by Investissement Québec (19383). On 31 December 2023, SOQUEM transferred its 40% participation in Moblan Property claims to Investissement Québec. Investissement Québec is now a 40% partner in the Moblan Property (according to the document entitled “Moblan joint venture agreement deed of assignment” dated 31 December 2023. There are no impediments that have been identified for operating in the Project areas.
 
 
Exploration done by other parties
 
Acknowledgment and appraisal of exploration by other parties.
 
The current Properties cover and overlap many historical mining and exploration properties. The boundaries and names of those properties have evolved following changes in ownership, option agreements, or land packages as claims were abandoned or added. Exploration work has been varied (e.g., prospecting, mapping, geophysics, geochemistry, drilling, etc.) and has focused on a variety of commodities (e.g., precious metals, base metals, and, more recently, critical and strategic minerals).
Interest in lithium in the area began in the 1960s inside the current limits of the Moblan Property. Surface prospecting and trenching performed by Muscocho Explorations Ltd in 1963 resulted in the discovery of numerous lithium-bearing dykes. A few of the dykes had been sampled earlier and revealed high grades of lithium oxide. Twenty-eight (28) lithium-bearing pegmatite dykes have been discovered in six (6) separate areas on the Moblan Property between 1992 and 2004, during work conducted by Abitibi Lithium Corporation.
The current Project has been the subject of significant exploration and drilling efforts, including geophysics, geochemistry, historical studies, metallurgical testing and engineering studies.
 
 
Geology
 
Deposit type, geological setting and style of mineralisation.
 
The Properties host several mineral occurrences and showings. These (and other adjacent) occurrences highlight the strong potential of the area for (i) Li pegmatite deposits; (ii) Cu-Zn VMS deposits; (iii) Au orogenic quartz-carbonate veins and disseminated sulphide deposits; (iv) Ni-Cu-PGE magmatic sulphide deposits; and (v) Au-Cu porphyry systems (e.g., Troilus Gold).
The economic potential of the Moblan Property is for lithium mineralisation (spodumene pegmatites). Lithium-bearing pegmatites were grouped into four (4) dyke swarms: Main, South, New South and Moleon. Each
corresponds to a series of stacked lithium-bearing dykes of variable thicknesses separated by faults
 


 
Criteria
 
JORC Code explanation
 
Commentary
 
         
The Main group comprises 5 lithium pegmatite dykes oriented E-W and dipping gently to the north (N260°/-20°) and two dykes oriented approximately N-S and dipping steeply to the west (N180°/-70°). This swarm extends laterally E-W for approximately 1500 m and 500 m N-S. In this group, the thickest dyke has an average intercept length of 25 m.
The South group comprises 12 dykes oriented E-W and almost sub-horizontal or dipping gently to the south (N260°/-10°) and one dyke oriented approximately N-S and dipping steeply to the west (N180°/-70°). This swarm extends laterally E-W for approximately 1800 m and 300 m N-S. In this group, the thickest dyke has an average intercept length of 45 m.
The New South group comprises 12 dykes oriented E-W and dipping moderately to the north (N260°/-5°) and one dyke oriented approximately N-S and dipping steeply to the west (N180°/-70°). This swarm extends laterally E-W for approximately 1800 m and 300 m N-S. In this group, the thickest dyke has an average intercept length of 29 m.
The Moleon group comprises 1 dyke oriented E-W and nearly sub-horizontal or dipping gently to the south (N260°/-5°) and 9 dykes oriented N-S and dipping steeply to the west (N180°/-70°). This swarm extends laterally N-S for approximately 750 m and 250 m E-W. In this group, the thickest dyke has an average intercept length of 26 m.
 
 
Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
•      easting and northing of the drill hole collar
•      elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole
•      collar dip and azimuth of the hole
•      down hole length and interception depth
•      hole length.
 
Refer to previous exploration releases for the drill hole information of the previously reported intercepts (ASX announcements of 26 April 2022; 27 June 2022; 17 April 2023, 11 July 2023, 22 October 2023, 27 May 2024, 13 June 2024, 27 August 2024, 30 January 2025, 27 April 2025).
Material information on the Project’s drill holes is illustrated on the figures (plan views, sections, results tables) in ASX Announcements of April, July and October 2023, and in May, June, and August 2024, 30 January 2025, and 27 April 2025.
The coordinates in the figures and the tables are in metres (UTM NAD83 Zone 18), and the elevation is in metres above sea level.
The selection of the most significant drill hole intercepts was based on high metal factors (%Li2O content x length in metres) for intervals in spodumene pegmatite dykes. In ASX Announcements of April, July and October 2023, of May and June 2024 and of January 2025 and 27 April 2025, the table includes collar dip and azimuth of the hole, down hole length, interception depth, and hole length.
Depending on the azimuths and plunges of the selected boreholes, the drilled lengths are apparent and do not reflect true thicknesses.
The CPs were provided with all necessary detailed drill hole information to complete the 2024 MRE and 2024 DFS.
 
     
If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.
 
The Project is at an advanced stage of exploration, with a reported mineral resource, ongoing engineering studies, and a substantial database of 986 drillholes (198,100.35m). All the details are therefore not presented in table form.
Drilling resumed on the Project after the publication of the 2024 MRE and while engineering studies on the Project were still being carried out. The new 2024 drilling results are not included in the 2024 MRE. The CPs do not believe that their omission will materially affect the 2024 MRE. The new drilling results will have an influence mainly on the periphery of the current resources, potentially contributing to the conversion of resources
 


 
Criteria
 
JORC Code explanation
 
Commentary
 
          (upgrading) and adding new resources (ASX Announcements of July and October 2023, May, June, August 2024, and January and April 2025).  
 
Data aggregation methods
 
In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.
 
Significant assay intercepts are reported as the weighted average over total pegmatite core length.
Li2O grades do not show great variations (coefficient of variation of 0.85). Based on statistical analysis, no capping is required, and no capping was applied to the Project’s Li2O grades.
Refer to previous exploration releases for the drill hole information of previously reported intercepts.
 
     
Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
 
Aggregation of Li2O grades to obtain the weighted average of a significant intercept is constrained within single pegmatite dykes.
 
     
The assumptions used for any reporting of metal equivalent values should be clearly stated.
 
No metal equivalent values were used.
 
 
Relationship between mineralisation widths and intercept lengths
 
These relationships are particularly important in the reporting of Exploration Results.
 
The reported significant assay intervals represent apparent widths. Refer to previous exploration releases for the drill hole information of previously reported intercepts.
 
     
If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
 
Drilling is not always perpendicular to the dip of mineralisation, and true widths are less than downhole widths. Lithium pegmatites correspond to a series of stacked dykes of variable true thicknesses.
 
     
If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).
 
Pegmatite intercepts (%Li2O over m) are expressed over downhole length (not over true width).
 
 
Diagrams
 
Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
 
Refer to the figures in previous resources and exploration releases (ASX Announcement of April, July and October 2023, and May, June and August 2024, and January and April 2025) for illustrations of previously reported holes and assays and for the block model results of the 2024 MRE.
 


 
Criteria
 
JORC Code explanation
 
Commentary
 
 
Balanced reporting
 
Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
 
All assay results were used to estimate and report the 2024 MRE and for the engineering studies.
 
 
Other substantive exploration data
 
Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
 
The reported drill results are consistent with geological observations and the mineral resource estimate as described.
Metallurgical testing, geomechanical, geotechnical and environmental studies, and condemnation drilling were completed for engineering purposes.
No other meaningful exploration data are reported.
 
 
Further work
 
The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).
 
Further work includes additional drilling to outline the geometry and extent of the lithium pegmatite dyke swarms identified to date.
Exploration and step-out drilling is planned to extend the limits of the mineralised system and potentially discover additional pegmatite dykes.
 
     
Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.
 
Refer to the figures in previous exploration releases (ASX Announcements of April, July and October 2023, and May, June and August 2024, and January and April 2025) for illustrations of previously reported holes and assays.
 


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
SAYONA MINING LIMITED
     
Date: July 22, 2025
By:
/s/ Dylan Roberts
   
Name: Dylan Roberts
   
Title: Company Secretary and General Counsel





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