Saga Metals announces start of exploration program on Legacy Lithium project

Saga Metals announced that Rio Tinto Exploration Canada has commenced its initial exploration program on the Legacy Lithium project. Saga and RTEC executed an option to joint venture agreement on June 28, 2024 on the Legacy Lithium Project in the renowned James Bay Lithium District. RTEC is a Canadian subsidiary of the Rio Tinto Group. The Legacy Lithium Project is located in Quebec’s Eeyou Istchee James Bay region. The Legacy Lithium project is a lithium-cesium-tantalum pegmatite exploration project consisting of an aggregate of 663 claims covering an area of 34,243.76 hectares. These claims are subject to the Rio Tinto Option to Joint Venture Agreement. SAGA Metals and Rio Tinto Sign Option to Joint Venture Agreement for Lithium Asset in Eastern James Bay, Quebec. As previously noted, RTEC will act as project operator under the Option Agreement during the First Option period and the Second Option period. Saga and RTEC have formed a technical committee to review and prepare exploration programs such as the one outlined herein. The inaugural program operated by RTEC has commenced, with plans to have boots on the ground for 2 weeks. This first phase will focus on scouting pegmatites using the helicopter as well as sighting landing pads for reconnaissance mapping and prospecting. This phase will also draw the first observations of outcrop abundance and regional to property scale geology; special focus is to be paid to shear zones that are known to host pegmatites in the area.