The Moblan project is located about 130 km northwest of Chibougamau, Que. It is host to high-grade mineralization with a thickness of typically 20 to 30 metres wide and a 30 to 35° dip. Open pit mining would be carried out with a waste-to-ore strip ratio of 2.9 to 1.
Moblan has a measured and indicated resource of 12 tonnes grading 1.4% lithium oxide and 0.6% iron. The inferred resource is 4.1 million tonnes grading 1.33% lithium oxide and 0.7% iron.
Based on a 98% mining recovery and 10% dilution, proven and probable reserves total 10.7 million tonnes grading 1.4% lithium oxide.
Sayona has identified an opportunity to expand the mineralization outside the resource envelope. Previous geotechnical drilling intersected up to 29.1 metres of continuous spodumene-bearing pegmatites beyond the limits of the known resources.
More information is posted at www.SayonaMining.com.au.
