Half Yearly Report and Accounts
Brisbane, Mar 17, 2022 AEST (ABN Newswire) - Sayona Mining Ltd's (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) primary focus over the next 12 months is the restart of spodumene concentrate production at NAL from the first quarter 2023 together with an evaluation of downstream processing potential at NAL is progressing.
A definitive feasibility study (DFS) is underway for the profitable production of spodumene concentrate at NAL, combined with production from nearby Authier.
To complete the refurbishment and restart of the NAL assets, undertake mine development at the Authier Project and other planned activity, the Group is likely to require additional funding.
*To view the Half Year Report, please visit:
https://abnnewswire.net/lnk/81170XCF
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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