Sayona Mining Limited Stock Market Press Releases and Company Profile
Authier Lithium Term Sheet Extension
Authier Lithium Term Sheet Extension

Brisbane, June 24, 2016 AEST (ABN Newswire) - Sayona Mining Limited (googlechartASX:SYA) ("Sayona" or the "Company") is pleased to announce an extension of three weeks (until the 21 July 2016) to complete the Authier lithium acquisition In Canada, announced on the 3 May 2016.

The Company is actively working through a due diligence program covering all the legal and technical aspects of the proposed acquisition, and the work is nearing completion.

The Company has also commenced preliminary discussions with prospective financiers in regard to funding the acquisition, and has been encouraged by the response regarding the level and types of funding that could be available. Financing will be completed once all the required shareholder and regulatory approvals are completed.


About Sayona Mining Limited

Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC). 

 

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Contact

Corey Nolan
Chief Executive Officer
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au



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