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 a 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. Please visit us as at www.sayonamining.com.au
Chief Executive Officer