Sayona Mining Ltd: March 2018 Quarterly Activities Report
30.04.2018 | ABN Newswire
Brisbane - Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce the activities report for the quarter.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 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.a
Contact:
Sayona Mining Ltd.
Corey Nolan Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au