Mineral Resources
Contained
Tonnage Grade Metal (kt Contained
Asset Classification (Mt) (% Li(2) O) Li(2) O) LCE kt
--------------- ------- -------------- ---------- -----------
NAL (25%) Measured 0.9 1.11% 10 25
----------- --------------- ------- -------- --- ---------- -----------
Indicated 71.1 1.14% 811 2,004
--------------------------- ------- -------- --- ---------- -----------
M+I 72.1 1.14% 821 2,029
--------------------------- ------- -------- --- ---------- -----------
Inferred 15.8 1.05% 166 410
--------------------------- ------- -------- --- ---------- -----------
Authier
(25%) Measured 6.0 0.98% 59 145
----------- --------------- ------- -------- --- ---------- -----------
Indicated 8.1 1.03% 83 206
--------------------------- ------- -------- --- ---------- -----------
M+I 14.1 1.01% 142 351
--------------------------- ------- -------- --- ---------- -----------
Inferred 2.9 1.00% 29 72
--------------------------- ------- -------- --- ---------- -----------
Carolina
(100%) Indicated 28.2 1.11% 313 774
----------- --------------- ------- -------- --- ---------- -----------
M+I 28.2 1.11% 313 774
--------------------------- ------- -------- --- ---------- -----------
Inferred 15.9 1.02% 162 401
--------------------------- ------- -------- --- ---------- -----------
Ore Reserves
Contained
Tonnage Grade Metal (kt Contained
Asset Classification (Mt) (% Li(2) O) Li(2) O) LCE kt
--------------- ------- -------------- ---------- -----------
NAL (25%) Proven 0.2 1.09% 2 5
----------- --------------- ------- -------- --- ---------- -----------
Probable 19.9 1.09% 217 536
--------------------------- ------- -------- --- ---------- -----------
Total 20.1 1.09% 219 542
--------------------------- ------- -------- --- ---------- -----------
Authier
(25%) Proven 6.2 0.93% 58 143
----------- --------------- ------- -------- --- ---------- -----------
Probable 5.1 1.00% 51 126
--------------------------- ------- -------- --- ---------- -----------
Total 11.3 0.96% 109 269
--------------------------- ------- -------- --- ---------- -----------
Carolina
(100%) Proven - - - -
----------- --------------- ------- -------- ---- ---------- -----------
Probable 18.3 1.10% 201 497
--------------------------- ------- -------- --- ---------- -----------
Mineral Resources (100% basis) - Sayona
Sayona's current Ore Reserve Estimates and Mineral Resource Estimates (reported by Sayona in accordance with the JORC Code (2012 edition)) are set out below (reported on a 100% basis).
The information in this announcement that relates to the ore reserves and mineral resource estimates of Sayona's projects (i.e. NAL, Authier and Moblan) has been extracted from the ASX announcement titled "Annual Report to Shareholders" released on 27 August 2024 and which is available at www.asx.com.au.
Sayona confirms that it is not aware of any new information or data that materially affects the information included in that market announcement and that all material assumptions and technical parameters underpinning the estimates in that market announcement continue to apply and have not materially changed. Sayona confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from that market announcement.
Mineral Resources
Contained
Tonnage Grade Metal (kt Contained
Asset Classification (Mt) (% Li(2) O) Li(2) O) LCE kt
NAL (75%) Measured 0.9 1.11% 10 25
----------- --------------- ------- -------- --- ---------- -----------
Indicated 71.1 1.14% 811 2,004
--------------------------- ------- -------- --- ---------- -----------
M+I 72.1 1.14% 821 2,029
--------------------------- ------- -------- --- ---------- -----------
Inferred 15.8 1.05% 166 410
--------------------------- ------- -------- --- ---------- -----------
Authier
(75%) Measured 6.0 0.98% 59 145
----------- --------------- ------- -------- --- ---------- -----------
Indicated 8.1 1.03% 83 206
--------------------------- ------- -------- --- ---------- -----------
M+I 14.1 1.01% 142 351
--------------------------- ------- -------- --- ---------- -----------
Inferred 2.9 1.00% 29 72
--------------------------- ------- -------- --- ---------- -----------
Moblan
(60%) Measured 6.0 1.53% 92 227
----------- --------------- ------- -------- --- ---------- -----------
Indicated 59.1 1.22% 721 1,783
--------------------------- ------- -------- --- ---------- -----------
M+I 65.1 1.25% 813 2,010
--------------------------- ------- -------- --- ---------- -----------
Inferred 28.0 1.14% 319 789
--------------------------- ------- -------- --- ---------- -----------
Ore Reserves
Contained
Tonnage Grade Metal (kt Contained
Asset Classification (Mt) (% Li(2) O) Li(2) O) LCE kt
NAL (75%) Proven 0.2 1.09% 2 5
----------- --------------- ------- -------- --- ---------- -----------
Probable 19.9 1.09% 217 536
--------------------------- ------- -------- --- ---------- -----------
Total 20.1 1.09% 219 542
--------------------------- ------- -------- --- ---------- -----------
Authier
(75%) Proven 6.2 0.93% 58 143
----------- --------------- ------- -------- --- ---------- -----------
Probable 5.1 1.00% 51 126
--------------------------- ------- -------- --- ---------- -----------
Total 11.3 0.96% 109 269
--------------------------- ------- -------- --- ---------- -----------
Moblan
(60%) Proven - - - -
----------- --------------- ------- -------- ---- ---------- -----------
Probable 34.5 1.36% 470 1,162
--------------------------- ------- -------- --- ---------- -----------
(1) Combined Piedmont and Sayona spodumene Ore Reserves and Mineral Resource Estimates (in the measured and indicated category, inclusive of Ore Reserves). Ore Reserves and Mineral Resource Estimates reported in accordance with the JORC code. Metrics as reported and shown on a net attributable basis, refer to supporting information in Annexure 1.
(2) Sayona Mining shareholders will be asked to vote on a resolution removing the casting vote of the Sayona Chair at the upcoming Sayona Annual General Meeting to be held on Thursday, November 28, 2024. However, upon closing of the Transaction, if the Sayona constitution continues to provide the Chair of the Sayona board with a casting vote on resolutions before the Sayona board of directors, Piedmont has confirmed that such casting vote shall not, at any point in time, be exercised.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241118946071/en/
CONTACT:
Piedmont Lithium
Erin Sanders
SVP, Corporate Communications & Investor Relations
T: +1 704 575 2549
E: esanders@piedmontlithium.com
Sayona Mining
Andrew Barber
Director of Investor Relations
T: +617 3369 7058
E: ir@sayonamining.com.au
(END) Dow Jones Newswires
November 18, 2024 23:45 ET (04:45 GMT)
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