Sayona Mining Ltd: Financial Report for the Year Ended 30 June 2018
14.09.2018 | ABN Newswire
Brisbane, Australia - Your Directors present their report on the consolidated entity (Group) consisting of Sayona Mining Ltd. Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) 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.
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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.
The Company's primary focus is the development of the Authier Lithium deposit in Quebec, Canada however exploration for additional lithium deposits is also ongoing in the Authier region and in the Pilbara of Western Australia where the Company has an extensive lithium exploration package of tenements.
Source:
Sayona Mining Ltd.
Contact:
Dan O Neill Managing Director Phone: +61-7-3369-7058 Email: info@sayonamining.com.au www.sayonamining.com.au