Sayona Mining Ltd (ASX:SYA) Quarterly Activities Report

Brisbane, July 31, 2018 AEST (ABN Newswire) - Sayona Mining Limited (ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce the activities report for the quarter, including:

- Authier, Canada - major focus on completion of the Definitive Feasibility Study and permitting activities required for the development of the project;

- Western Australian Lithium, Australia - advanced planning for drilling of the Mallina and Tabba Tabba lithium projects; and

- Capital raising - completion of a $12 million capital raising comprising a $11 million placement and $1 million rights issue.

Highlights

- Definitive Feasibility Study nearing completion

- Major Authier environmental studies completed

- Authier pilot metallurgy program achieves target concentrate grades

- Drilling programs planned for Western Australian lithium projects, Mallina and Tabba Tabba

- $12 million capital raising completed

The completion of the DFS will be a transformative event for Company as is evolves to the development-stage at Authier. The Company is well funded with cash resource of $11 million, which enables it to complete Authier permitting activities and move into the Engineering, Procurement, Construction and Management phases, and drilling of two prospective Western Australian lithium projects.

To view the full report, please visit:
http://abnnewswire.net/lnk/9KW7BMPL


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

Dan O Neill Managing Director Phone: +61-7-3369-7058 Email: info@sayonamining.com.au www.sayonamining.com.au