Sayona Mining Ltd (ASX:SYA) Quarterly Activities Report

Brisbane, Oct 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.

Highlights

- Positive Definitive Feasibility Study for Authier Lithium Project shows potential for a profitable and sustainable new lithium mine

- Increased Ore Reserve estimate for Authier to 12.1 million tonnes

- Encouraging high-grade lithium assays from Tansim

- Drilling at Mallina identifies spodumene pegmatites

- Tabba Tabba project advanced with new lithium anomalies identified and drilling planned

- Executive team strengthened with new Canadian VP to drive Authier development

The completion of the Definitive Feasibility Study (DFS) for the Authier Lithium Project (Authier) in Canada will be a transformative event for Sayona as is evolves to the development stage. The Company is well funded to enable 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/97ITYY2N


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