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Sayona Mining Limited (ASX:SYA)

ALERT: Price-sensitive ASX Announcement for SYA
Current share price for SYA : $3.440 0.07 (2.08%)+
Announcement
Release
22 Sep 2025 8:21AM
Price at Release
$3.370
Full Release
download
Summary
The PDF discusses the identification of 12 new high-priority exploration targets through a ground gravity survey conducted at the Mallina Lithium Project in Western Australia. This project, a joint venture between Morella Corporation and Elevra Lithium Limited, aims to explore spodumene-bearing pegmatites. The targets, situated within an established mineralized field, measure up to 450m long and 100m wide. The survey, conducted with co-funding from the WA Government’s Exploration Incentive Scheme, utilized a precise 80m x 20m grid setup. Following this survey, Morella plans further mapping, sampling, and drilling to confirm the discovery potential of these anomalies. This exploration aligns with Morella’s strategic goal of developing lithium resources to meet the increasing demand for battery minerals.
Key Points
  • 12 new high-priority exploration targets identified by a ground gravity survey at the Mallina project.
  • Targets are located within a spodumene-bearing pegmatite field, measuring up to 100m wide and 450m long.
  • The Mallina project is a joint venture between Morella Corporation and Elevra Lithium Limited.
  • The survey was co-funded through the WA Government’s Exploration Incentive Scheme.
  • Future activities include further mapping, sampling, and targeted drilling to explore the identified anomalies.
  • The Mallina Lithium Project is situated in the Mid-West region of Western Australia.
  • Morella Corporation holds a 51% interest in the project under a joint venture agreement with Elevra.
  • The project aims to capitalize on the growing demand for battery minerals.
  • Survey data was acquired using an 80m x 20m grid and interpreted by NewGenGeo Pty Ltd.
  • The exploration is aligned with Morella’s strategy to develop lithium resources in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.