Sayona Mining Limited Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Brisbane, Jan 31, 2018 AEST (ABN Newswire) - Sayona Mining Limited (googlechartASX:SYA) (googlechartDMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce the activities report for the quarter, including:

- Authier, Canada - major focus on completion of the optimisation programs for the Authier Optimised Pre-Feasibility Study and commencement of the Definitive Feasibility Study;

- Western Australian Lithium, Australia - rock chip and soil sampling programs completed at Mallina and Deep Well; and

- Capital raising - a $4.9 million capital raising to fund completion of the Authier Definitive Feasibility Study, Authier pilot metallurgical testing program and corporate costs was completed.

Highlights

- Authier JORC Mineral Resources and Ore Reserves upgraded

- Optimised PFS Completed - Pre-tax NPV8 of C$221m (AUD$227m), Pre-Tax IRR of 56% and capital payback 2.5 years

- MOU signed with Changyuan for potential Authier off-take and downstream processing

- Authier permitting and environmental studies advancing towards completion in 2018

- Authier Definitive Feasibility Study and Phase 3 drilling program commences

- $4.9 million renounceable rights offering successfully completed

To view the full report, please visit:
http://abnnewswire.net/lnk/X855K95W


About Sayona Mining Limited

Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC). 

 

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Contact

Corey Nolan
Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au



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