Quarterly Activities Report
Brisbane, Oct 31, 2019 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
ASX:SYA) (DML:FRA) (DMNXF:OTCMKTS) announced today its activities report for the September quarter 2019, as it continues to advance its lithium projects in Canada and Australia amid growing demand for the metal of the 21st century.
Highlights
- Sayona assembles world-class team to support bid for North American Lithium (NAL) mine in Quebec, Canada
- Revised Definitive Feasibility Study (DFS) for Authier Lithium Project nears completion
- Earn-in agreement with leading lithium producer, Altura Mining to develop Western Australian exploration assets in world-class Pilgangoora lithium district
- Quebec's government supports development of a complete lithium value chain
- Placement backed by Board and management, together with a Share Purchase Plan, raises $1.9m
- Appointment of new Managing Director/Chief Executive Officer
To view the Quarterly Report, please visit:
https://abnnewswire.net/lnk/V4TZ407L
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
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