Financial Report for the Year Ended 30 June 2018
Brisbane, Sep 14, 2018 AEST (ABN Newswire) - Your Directors present their report on the consolidated entity (Group) consisting of Sayona Mining Limited Sayona Mining Ltd (
ASX:SYA) (DMNXF:OTCMKTS) and its controlled entities for the financial year to 30 June 2018.
The consolidated Group's principal activity during the financial year has been the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium. During the year, the Company undertook feasibility studies on the Authier Project in Canada and exploration activity on a number of projects in Australia and Canada.
There were no significant changes in these activities during the financial year.
Review of Operations
The Company's primary focus during the year has been on completing the studies required to commence the development of the Authier project, including the Definitive Feasibility Study. Authier is a near-term development project and cash-flow generation opportunity. The Company believes it will create significant share value-uplift potential for shareholders as the project advances towards development.
To view the full report, please visit:
http://abnnewswire.net/lnk/OFNWQ503
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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