Targeting an increase in future mine production capacity at its North American Lithium (NAL) operation, in November 2022 Sayona entered into a strategic acquisition and earn-in agreement with Sayona subsidiary NAL and Jourdan Resources Inc (TSXV:JOR) over the Vallée Lithium Project.
The project comprises 48 claims covering around 1,997 hectares, closely neighbouring the North American Lithium (NAL) operation. Some 20 leases are located within 500m of the boundary of the NAL mine, with the operation spanning a total area of 582 ha.
Under the agreement, NAL acquired 20 claims outright, spanning 755.3 ha, providing an immediate extension to the NAL operating area and allowing for potential future infrastructure expansion at the NALmine and its processing facility.
Pegmatite targets are located close to and along strike from the NAL orebody. Critically, the tenure secures the prospective granodiorite host and its contact zone, which are important ore controls in the NAL deposit.
Within the Jourdan claims, some 14 pegmatite occurrences are recorded in government data, indicating the high exploration upside for discovery of mineralisation for blending into the NAL operation.