Quarterly Activities Report
Brisbane, April 29, 2022 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) has expanded its Quebec lithium asset base while advancing its Western Australian projects, in another positive quarter of growing market value for the Company in the period ending 31 March 2022.
Quarter Highlights
Quebec, Canada
- Northern Quebec lithium Hub expanded, with 121 new claims acquired at Lac Albert Project, 3.5km west of Moblan Lithium Project
- JORC resource base doubles for Sayona's North American Lithium (NAL) and Authier Projects, with combined Measured, Indicated and Inferred Mineral Resource of 119.1 Mt @ 1.05% Li2O
- Sayona enters S&P/ASX 300 Index after substantial increase in market value to approx. A$2.5 billion
Western Australia
- Preparations for 60-hole air-core drilling at Deep Well Project completed; 100% owned lithium tenure plans advance
Post-Quarter
- Positive battery test results from NOVONIX reaffirm Authier spodumene's high quality
- Earn-in partner Morella Corporation (ASX:1MC) commences drilling at Mallina Lithium Project
- New lithium pegmatite discovery at Moblan, demonstrating potential for expanded resource.
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/K7842ENI
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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