Quarterly Activities Report
Brisbane, April 30, 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
- Successful completion of the Phase 3 drilling program at Authier
- Authier JORC Mineral Resources upgraded
- Authier environmental studies advancing towards completion
- Authier pilot metallurgy program commenced with initial encouraging results
- $15 million capital raising announced
Activities:
- Authier, Canada - major focus on completion of the Definitive Feasibility Study and permitting activities required for the fast-track development of the project;
- Western Australian Lithium, Australia - rock chip and soil sampling programs completed at Mallina and Deep Well; and
- Capital raising - subsequent to the end of the quarter, a $15 million capital raising comprising an $11 million placement (which is completed) and $4 million rights issue were announced.
To view the full report, please visit:
http://abnnewswire.net/lnk/982IL0DM
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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