Quarterly Activities Report
Brisbane, April 30, 2018 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("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 Limited
Sayona 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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