Sayona Mining Ltd: Quarterly Activities Report
31.01.2022 | ABN Newswire
Brisbane, Australia - Emerging lithium producer Sayona Mining Ltd. (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) has achieved further growth in its lithium asset base in Quebec, Canada together with advancing its Western Australian projects, as shown in its Activities Report for the December quarter 2021.Quarter Highlights
Quebec, Canada
- Sayona completes acquisition of 60% stake in Moblan Lithium Project (Moblan) for US$86.5 million
- Authier drilling results build confidence in quality and expansion potential of resource base
- North American Lithium scoping study advances, targeting resumption of production from 2023
- Major drilling program planned for Moblan to expand Sayona's lithium resource base
- Placement and Rights Issue raises A$125.5 million to fund Moblan acquisition and support development of Abitibi lithium hub
- Sayona promoted to MSCI Global Small Cap Index, driving further awareness from global institutional investors
Western Australia
- Morella Corporation (previously Altura Mining) advancing exploration over earn-in Pilbara lithium projects, with initial focus on Mallina project
Post-Quarter
- Significant expansion for Sayona's Northern Quebec lithium resource hub, with acquisition of 121 new claims (Lac Albert Project), located west of Moblan.
*To view the full Quarterly Report with tables and figures, please visit:
https://abnnewswire.net/lnk/4X22UM4I
About Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:SYAXF) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.
Please visit us as at www.sayonamining.com.au
Source:
Sayona Mining Ltd.
Contact:
Brett Lynch Managing Director Phone: +61 (7) 3369 7058 Email: info@sayonamining.com.au