REVIEW OF OPERATIONS
The loss of the consolidated group after providing for income tax for the half year was $1,151,089 (2015: $1,175,365 loss).
During the period, the Company focused on sourcing and developing projects capable of supplying the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors.
This has entailed:
- expanding a package of lithium prospective exploration tenements in Western Australia; and
- the acquisition of the Authier lithium project in Canada.
Lithium is a high-value product which is anticipated to be in tight supply as the demand for lithiumion batteries continues to experience transformational growth due to use in the new green technology sectors.
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About Sayona Mining Ltd
Sayona Mining Limited (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.au
Chief Executive Officer
Sayona Mining Ltd (ASX:SYA) Option to Acquire Tansim Lithium Project and Expand Lithium Footprint in Quebec