Annual Report to Shareholders
Brisbane, Oct 23, 2015 AEST (ABN Newswire) - Sayona Mining Ltd's (
ASX:SYA) primary objective is to identify and acquire graphite projects with large flake size potential and offering an achievable pathway to market. Flake size is a critical element in determining graphite pricing. Jumbo and large flake sizes attract premium pricing and are expected to be in strong demand, driven by the growing use in new technologies such as lithium-ion batteries.
The Company has made a strategic entry into the large flake graphite market by securing option agreements over two graphite projects, including the earlier stage East Kimberley and advanced stage Itabela projects. These project represent an exciting portfolio offering both medium and long term development potential. Both projects offer an attractive entry into the graphite market:
- Situated in proven districts for high carbon purity, large flake graphite;
- Significant resource potential;
- Situated in well-established mining districts with excellent infrastructure including roads, airports, and labour;
- Close to end-user markets: East Kimberley to Asia, and Itabela to the US and European markets;
- Tier one mining jurisdictions with stable taxes and royalties, and mining law; and
- Low cost entry via tenement applications and option-topurchase agreements
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-886776.pdf
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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