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 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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