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Sayona Mining ( (AU:SYA) ) has shared an update.
Morella Corporation Limited has announced the identification of 12 new high-priority exploration targets at the Mallina Lithium Project following a ground gravity survey. These targets, situated within a proven spodumene-bearing pegmatite field, are up to 100m wide and 450m long, indicating significant potential for mineralized discoveries. The survey results bolster Morella’s exploration pipeline and reinforce the strategic value of the Mallina joint venture, potentially enhancing the company’s market position in lithium exploration.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Morella Corporation Limited is a global lithium explorer focused on developing lithium resources. The company is involved in the Mallina Lithium Project, a joint venture with Elevra Lithium Limited, located in Western Australia. Morella’s primary focus is on identifying and developing spodumene-bearing pegmatite fields to enhance its Australian portfolio.
YTD Price Performance: -23.46%
Average Trading Volume: 441,042
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$517M
See more data about SYA stock on TipRanks’ Stock Analysis page.