Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) announced its activities report for the December quarter 2019, as it continues to advance its lithium projects in Canada and Australia amid growing demand for the metal of the 21st century.

Quarter Highlights

- Revised Definitive Feasibility Study (DFS) for Authier Lithium Project shows boost to profitability, with estimated net present value (NPV) increasing to C$216 million from previous study's C$184.8m

- Agreement signed with First Nation Abitibiwinni for exploration phase of Authier project as Sayona advances approval process

- Potential for a new lithium deposit at the Viau-Dallaire prospect, located within the Company's Tansim Lithium Project in Quebec

- World class team assembled to support Sayona's bid for North American Lithium (NAL), with leading technical skills, managerial expertise and financial capacity

- Work progressing on WA tenements under earn-in agreement with leading lithium producer, Altura Mining.

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/V0P3JK03


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).

   

Contact

Brett Lynch
Managing Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au



Link: Quarterly Activities Report


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