Your Directors present their report on the consolidated entity (Group) consisting of Sayona Mining Limited Sayona Mining Ltd (
The consolidated Group's principal activity during the financial year has been the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium. During the year, the Company undertook feasibility studies on the Authier Project in Canada and exploration activity on a number of projects in Australia and Canada.
There were no significant changes in these activities during the financial year.
Review of Operations
The Company's primary focus during the year has been on completing the studies required to commence the development of the Authier project, including the Definitive Feasibility Study. Authier is a near-term development project and cash-flow generation opportunity. The Company believes it will create significant share value-uplift potential for shareholders as the project advances towards development.
To view the full report, please visit:
http://abnnewswire.net/lnk/OFNWQ503
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
Dan O NeillManaging Director
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au
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