Project Overview

In November 2022, Sayona announced a strategic acquisition and earn‐in between NAL and Consolidated Lithium Metals Inc. (CLM) at CLM’s Vallée Lithium Project. The acquisition and earn-in by NAL comprised 48 claims spanning approximately 1,997 hectares, located adjacent to the NAL operation.

Under the agreement, NAL acquired 20 claims outright, spanning 755 ha, together with the right to earn up to a 51% stake in an additional 28 claims, based on spending and funding milestones. The claims provided an immediate extension to the NAL operating area, allowing for potential future infrastructure expansion at the NAL mine 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.

In May 2023, a drilling program commenced over the NAL claims. Of the 50,000m of planned drilling, approximately 15,000m related to the Vallée Lithium Project claims.

In September 2023, CLM announced the start of the 2023 drilling program, consisting of 14,500m of drilling in around 45 drill holes. This aimed to expand upon the lithium pegmatites discovered in 2021, 2022 and 2023, which remain open along strike to the south-east and at depth, as well as testing the on-strike extension of the NAL pegmatite swarm.

Location

The Vallée project is located in Abitibi, Québec, near the township of La Corne. The project is situated within the heart of the southern portion of the Abitibi Greenstone Belt, some 100 kilometres northeast of the mining towns of Rouyn‐Noranda, 45 kilometres north of Val‐d’Or, 50 kilometres northeast of Malartic (home to the Canadian‐Malartic Mine), 30 kilometres southeast of Amos and contiguous and in proximity to RB Energy’s Quebec Lithium Property and adjacent to the NAL mine.

Projects

 

Québec Lithium
Abitibi-Temiscamingue Hub
Eeyou Istchee James Bay Hub