
Half Yearly Report and Accounts
Brisbane, Mar 16, 2017 AEST (ABN Newswire) - The Directors present their report of Sayona Mining Ltd (
ASX:SYA) (
DMNXF:OTCMKTS) and its controlled entities for the half year ended 31 December 2016.
REVIEW OF OPERATIONS
The loss of the consolidated group after providing for income tax for the half year was $1,151,089 (2015: $1,175,365 loss).
During the period, the Company focused on sourcing and developing projects capable of supplying the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors.
This has entailed:
- expanding a package of lithium prospective exploration tenements in Western Australia; and
- the acquisition of the Authier lithium project in Canada.
Lithium is a high-value product which is anticipated to be in tight supply as the demand for lithiumion batteries continues to experience transformational growth due to use in the new green technology sectors.
To view the full report, please visit:
http://abnnewswire.net/lnk/421C897E
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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