Exploration Update
Brisbane, Nov 16, 2015 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) is pleased to announce a progress update on the East Kimberley and Itabela graphite projects.
East Kimberley, Western Australia
Planning for a first phase drilling program at the Corkwood project is now advanced. A cultural heritage survey will begin this week followed by a drilling program shortly thereafter. The Company is planning a combined diamond and reverse circulation drilling program of between 2,000 - 3,000 metres, subject to any weather constraints.
Itabela, Brazil
The Company's due diligence program is at an advanced stage and it expects to complete its formal due diligence prior to the end of the four- month option period, ending November 2015. There have been delays in receiving all the information and data required to complete the internal assessment of Itabela's resource potential. The Company has been able to demonstrate the superior product quality characteristics of the Itabela graphite, and has received a number of expressions of interest for product supply.
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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