Sayona Mining Ltd: December Quarterly Activities Report
31.01.2018 | ABN Newswire
Brisbane - Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) ("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 Ltd:
Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) is an Australian-based, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Sayona’s primary objective is developing the Authier lithium project in Quebec, Canada. Authier is an advanced, near term development project, construction forecast to commence in the second half of 2018 and first production in late 2019. Please visit us as at www.sayonamining.com.au<
Contact:
Sayona Mining Ltd.
Corey Nolan Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au