Quarterly Activities Report
Brisbane, Jan 31, 2022 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) has achieved further growth in its lithium asset base in Quebec, Canada together with advancing its Western Australian projects, as shown in its Activities Report for the December quarter 2021.
Quarter Highlights
Quebec, Canada
- Sayona completes acquisition of 60% stake in Moblan Lithium Project (Moblan) for US$86.5 million
- Authier drilling results build confidence in quality and expansion potential of resource base
- North American Lithium scoping study advances, targeting resumption of production from 2023
- Major drilling program planned for Moblan to expand Sayona's lithium resource base
- Placement and Rights Issue raises A$125.5 million to fund Moblan acquisition and support development of Abitibi lithium hub
- Sayona promoted to MSCI Global Small Cap Index, driving further awareness from global institutional investors
Western Australia
- Morella Corporation (previously Altura Mining) advancing exploration over earn-in Pilbara lithium projects, with initial focus on Mallina project
Post-Quarter
- Significant expansion for Sayona's Northern Quebec lithium resource hub, with acquisition of 121 new claims (Lac Albert Project), located west of Moblan.
*To view the full Quarterly Report with tables and figures, please visit:
https://abnnewswire.net/lnk/4X22UM4I
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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