Quarterly Activities Report
Brisbane, July 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 Definitive Feasibility Study and permitting activities required for the development of the project;
- Western Australian Lithium, Australia - advanced planning for drilling of the Mallina and Tabba Tabba lithium projects; and
- Capital raising - completion of a $12 million capital raising comprising a $11 million placement and $1 million rights issue.
Highlights
- Definitive Feasibility Study nearing completion
- Major Authier environmental studies completed
- Authier pilot metallurgy program achieves target concentrate grades
- Drilling programs planned for Western Australian lithium projects, Mallina and Tabba Tabba
- $12 million capital raising completed
The completion of the DFS will be a transformative event for Company as is evolves to the development-stage at Authier. The Company is well funded with cash resource of $11 million, which enables it to complete Authier permitting activities and move into the Engineering, Procurement, Construction and Management phases, and drilling of two prospective Western Australian lithium projects.
To view the full report, please visit:
http://abnnewswire.net/lnk/9KW7BMPL
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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