EMERGING lithium miner Sayona Mining has announced plans to focus its WA exploration efforts on projects within the world-class Pilgangoora lithium district, home to Earn-In partner Altura Mining Limited’s successful mining operation and other major spodumene deposits.
The strategic review follows last year’s agreement in which Altura agreed to spend A$1.5m on exploration across the project portfolio over three years to earn a 51pc interest, with Sayona retaining the remaining project interest.
Altura has progressed the Earn-In assets, commencing a field mapping and sampling program in the northern Mallina (E47/2983), Deep Well (E47/3829), Tabba Tabba (E45/2364) and Red Rock (E45/4716) tenements.
The proximity of these tenements to Altura’s existing mining and processing infrastructure is expected to significantly enhance the development potential of any discoveries.
With a focus on maximising the value of its Australian assets, Sayona will retain the 10 most prospective Pilbara lithium tenements, spanning 971 sq km and in close proximity to Altura’s Pilgangoora mine.
Other regional projects include the East Kimberley and Murchison areas, comprising four tenements covering 170 sqkm, with the total WA portfolio to consist of 14 tenements covering 1141 sqkm.
