Option to Acquire Eastern Tenement Along Strike From Authier
Option to Acquire Eastern Tenement Along Strike From Authier
Brisbane, Mar 16, 2017 AEST (ABN Newswire) - Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("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.

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About Sayona Mining Ltd

Sayona Mining LtdSayona 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, development project, construction forecast to commence in early 2019 and first concentrate production in early 2020. Please visit us as at www.sayonamining.com.au



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

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