Quarterly Activities Report
Brisbane, Jan 31, 2020 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
ASX:SYA) (DML:FRA) (DMNXF:OTCMKTS) announced its activities report for the December quarter 2019, as it continues to advance its lithium projects in Canada and Australia amid growing demand for the metal of the 21st century.
Quarter Highlights
- Revised Definitive Feasibility Study (DFS) for Authier Lithium Project shows boost to profitability, with estimated net present value (NPV) increasing to C$216 million from previous study's C$184.8m
- Agreement signed with First Nation Abitibiwinni for exploration phase of Authier project as Sayona advances approval process
- Potential for a new lithium deposit at the Viau-Dallaire prospect, located within the Company's Tansim Lithium Project in Quebec
- World class team assembled to support Sayona's bid for North American Lithium (NAL), with leading technical skills, managerial expertise and financial capacity
- Work progressing on WA tenements under earn-in agreement with leading lithium producer, Altura Mining.
To view the quarterly report, please visit:
https://abnnewswire.net/lnk/V0P3JK03
About Elevra Lithium Limited
Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.
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