Quarterly Activities Report
Brisbane, Jan 31, 2018 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or the "Company") is pleased to announce the activities report for the quarter, including:
- Authier, Canada - major focus on completion of the optimisation programs for the Authier Optimised Pre-Feasibility Study and commencement of the Definitive Feasibility Study;
- Western Australian Lithium, Australia - rock chip and soil sampling programs completed at Mallina and Deep Well; and
- Capital raising - a $4.9 million capital raising to fund completion of the Authier Definitive Feasibility Study, Authier pilot metallurgical testing program and corporate costs was completed.
Highlights
- Authier JORC Mineral Resources and Ore Reserves upgraded
- Optimised PFS Completed - Pre-tax NPV8 of C$221m (AUD$227m), Pre-Tax IRR of 56% and capital payback 2.5 years
- MOU signed with Changyuan for potential Authier off-take and downstream processing
- Authier permitting and environmental studies advancing towards completion in 2018
- Authier Definitive Feasibility Study and Phase 3 drilling program commences
- $4.9 million renounceable rights offering successfully completed
To view the full report, please visit:
http://abnnewswire.net/lnk/X855K95W
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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