Sayona Mining Limited (ASX: SYA; OTC: DMNXF) has unveiled plans for a C$2 million (A$2.03M) drilling program at the Company’s flagship Authier Lithium Project and emerging Tansim Lithium Project during Québec’s late winter.
The company said that the program includes approximately 8,700m of drilling, a 30% increase on previous Québec drilling, targeting an expansion of current lithium resources to support Abitibi lithium hub.
Planned drill programs
The company announced that it is planning a C$2 million (A$2.03M) drilling program in Québec’s late winter at flagship Authier Lithium Project and emerging Tansim Lithium Project.
SYA said that at Authier, the Company is planning 31 drill holes for a total of 4,500m of diamond drilling, to expand current ore resources and improve the strip ratio to enhance its profitability, as previously outlined in the project’s revised Definitive Feasibility Study.
Sayona said that 26 drill holes for approximately 4,200m are planned at the emerging Tansim project, comprising its Viau‐Dallaire prospect (3,400m) and Viau prospect (approximately 800m).
The company said that the new drilling aims to expand the lithium mineralisation at Viau‐Dallaire and complete an initial JORC‐compliant resource estimate. An initial drilling program was also proposed for the Viau prospect.
Increasing lithium demand
There has been a rapid growth in demand for the key battery metal. Recently, SYA had commenced a strategic partnership with leading US‐based lithium corporation, Piedmont Lithium Ltd to accelerate the development of its projects.
Sayona’s Managing Director, Brett Lynch said: “Lithium demand is soaring in Canada and the United States, as seen by the multi‐billion dollar investments by automakers in EV production in Ontario, Tesla’s increasing offtake demand and the Biden administration’s clean energy drive, such as its ‘Buy American’ EV campaign.
North America needs domestic supplies of battery metals to fuel this accelerating industry. Our lithium projects are perfectly placed to deliver, benefitting from Québec’s unique economic, strategic and sustainable advantages, including its renewable, clean and green hydropower.
As we advance Sayona’s bid for NAL and our new partnership with Piedmont Lithium, we look forward to expanding our lithium projects to ensure we can supply both the domestic and U.S. markets, including mining and downstream processing.”