Sayona Mining Ltd (ASX:SYA) Half Year Accounts

Brisbane, Mar 15, 2016 AEST (ABN Newswire) - Sayona Mining Ltd (ASX:SYA) Directors present their report of the Company and its controlled entities for the half year ended 31 December 2015.

Review of Operations

During the period, the Company announced a strategic entry into the large flake graphite market by securing a large ground position in the East Kimberley region of Western Australia and the Itabela Graphite project in Brazil.

The market for large and jumbo flake graphite is highly concentrated and potential synthetic graphite substitutes are comparatively very expensive to produce. Both the US and EU Governments have classified graphite as a "critical material" for industrial and national security purposes.

To view the full half year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-912874.pdf


About Elevra Lithium Limited

Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.

   

Contact

Corey Nolan Chief Executive Officer Phone: +61-7-3369-7058 Email: info@sayonamining.com.au