Quarterly Activities Report
Brisbane, Oct 31, 2018 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce the activities report for the quarter.
Highlights
- Positive Definitive Feasibility Study for Authier Lithium Project shows potential for a profitable and sustainable new lithium mine
- Increased Ore Reserve estimate for Authier to 12.1 million tonnes
- Encouraging high-grade lithium assays from Tansim
- Drilling at Mallina identifies spodumene pegmatites
- Tabba Tabba project advanced with new lithium anomalies identified and drilling planned
- Executive team strengthened with new Canadian VP to drive Authier development
The completion of the Definitive Feasibility Study (DFS) for the Authier Lithium Project (Authier) in Canada will be a transformative event for Sayona as is evolves to the development stage. The Company is well funded to enable it to complete Authier permitting activities and move into the engineering, procurement, construction and management phases, and drilling of two prospective Western Australian lithium projects.
To view the full report, please visit:
http://abnnewswire.net/lnk/97ITYY2N
About Sayona Mining Limited
Sayona 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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