- Fresh hits of mineralised lithium spodumene have been found by Sayona Mining’s (SYA) JV partner, Morella Corporation (1MC), at its Mallina project in Western Australia
- New intersections show lithium concentrations up to 1.66 per cent lithium oxide
- International lithium player Morella Corporation holds 51 per cent of the JV and it was responsible for the latest round of drilling
- The company is now preparing further drilling to shore up confidence in underground geology
- Shares in SYA last traded at 18 cents, while shares in 1MC last traded at 1 cent
Fresh hits of mineralised lithium spodumene have been found by Sayona Mining’s (SYA) joint venture (JV) partner, Morella Corporation (1MC), at its Mallina project in Western Australia.
New intersections show lithium concentrations up to 1.66 per cent lithium oxide, a middle-to-upper grade.
The company extended the strike length of one known deposit by at least 300 metres in follow-up drilling with grades of up to 1.87 per cent lithium oxide.
The new lithium spodumene was detected in extensions from known pegmatite deposits with many targets left open at depth and along strike.
The company reported it would conduct further infill drilling to shore up confidence in where the lithium starts and stops underground.
International lithium player Morella Corporation holds 51 per cent of the JV and it was responsible for the latest round of drilling.
“We now have a project that has demonstrated the potential for scalability with further confirmed strike lengths as well as several exciting new discoveries to test,” 1MC Managing Director James Brown reflected.
Sayona first became a lithium producer this year at its Canadian operations.
Shares in SYA last traded at 18 cents, while shares in 1MC last traded at 1 cent.