Cygnus has a major landholding of 827 square kilometers, comprising 3 key lithium projects in the heart of the world-class James Bay lithium district.
At Pontax, a Maiden Inferred Resource of 10.1Mt @ 1.04% Li2O was announced in July 2023. The resource has immediate growth potential within a 9km spodumene trend which remains open in all directions.
At Auclair, significant spodumene mineralisation has been identified over 6km of strike through drilling and prospecting. This includes the new ‘Pegasus’ discovery, a large (75m x 50m) outcrop with abundant, coarse spodumene mineralisation.
The Sakami Project is located just 44km west of Patriot Battery Metals’ Corvette Project and on the same La Grande greenstone belt. Early prospecting has identified multiple pegmatite targets for follow up work.
An Opportunity to Create Significant Shareholder Value
World Class
Provinces
Quebec and Western Australia
Projects located in Canada's James Bay district - one of the word's hottest lithium regions
Three Quebec Projects with Pontax, Auclair and Sakami
Funded
Access to Capital
Fully funded to execute on current exploration strategy
Enterprise value exceptionally low
Rapid Growth
Exploration
Maiden resource of 10.1Mt @ 1.04% at Pontax
Major discovery at Auclair
Sakami underexplored and located in a prolific greenstone belt
Team with
Track Record
Strong Team
A team with a proven track record of success in both exploration and development including founders of Bellevue Gold (ASX:BGL) and Mincor Resources (ASX:MCR)