Full Year Statutory Accounts
Brisbane, Oct 1, 2021 AEST (ABN Newswire) - Sayona Mining Ltd's (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) primary focus during the year has been on completing the studies and seeking the approvals required to commence the development of the Authier lithium project. Authier is a near-term development project and cash-flow generation opportunity. In concert with the Company's primary focus, the Company has sought and been given approval to acquire NAL. The Company believes it will create significant share value-uplift potential for shareholders as these projects advance towards commercial development.
Sayona's focus during the year has been two pronged; firstly, the development of its lithium assets, in particular its flagship project, the advanced stage Authier Lithium Project (Authier) in Quebec, Canada, but also working to realise value from its lithium and gold tenements in Western Australia.
The second focus for Sayona during the period has been its bid for the North American Lithium (NAL) mine in Quebec. Sayona considers NAL a near-term growth opportunity, given its proximity to the Company's flagship Authier Lithium Project.
There are substantial synergies with the Authier project offering opportunities for the integration of both operations enhancing overall operational efficiencies and outputs. The successful bid for NAL (post balance date) now offers the fastest pathway for Sayona to becoming a world-scale producer and achieving the Company's goal of advancing from junior explorer to mid-tier miner and producer.
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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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