Option to Acquire Eastern Tenement Along Strike From Authier
Brisbane, Mar 16, 2017 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce it has signed an Option-to-Purchase agreement to acquire a tenement along strike to the east from the Authier deposit.
The eastern tenement is strategically important and straddles the eastern extension of the Authier deposit (see Figure 1 in the link below). The Company plans on drilling the optioned tenement during the current Phase 2 drilling program.
The option to acquire a 100% interest in tenement CDC 2187652 is exercisable anytime during the next five years, by making payments including, CAD$25,000 on signing, CAD$5,000 on each anniversary between year two and five, and CAD$75,000 on exercise of the option.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/8736197X
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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