Quarterly Activities Report
Brisbane, July 29, 2022 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) is pleased to report on its Quarterly Activities and Cashflow for the June quarter 2022, highlighted by significant advances towards the recommencement of spodumene (lithium) production at the Company's North American Lithium (NAL) operation in Quebec, Canada.
Quarter Highlights
Quebec, Canada
- Sayona and Piedmont approve North American Lithium (NAL) restart, boosted by successful A$190 million placement to global institutional, professional and sophisticated investors
- Positive Pre-Feasibility Study highlights value of NAL operation, confirming technical and financial viability over 27-year life-of-mine, with pre-tax NPV (8% discount) of A$1 billion, IRR of 140% and capital payback within two years
- New lithium discoveries show potential for increased resource at Moblan Lithium Project, enhancing emerging northern lithium hub
- Positive NOVONIX battery test results reaffirm quality of Authier Lithium Project's spodumene
- Sayona Quebec releases Corporate Social Responsibility report, highlighting commitment to sustainable development, community relations and health and safety
Western Australia
- Deep diamond drilling commences at Mallina Lithium Project under earn-in partner Morella Corporation Limited
- Lithium targets identified at Sayona's Mt Edon prospect
- Maiden 60-hole air-core drilling program completed at Deep Well, targeting Hemi-style gold mineralisation.
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/JB3WS6KE
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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