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Sayona Mining Limited (ASX:SYA.AX - News) (OTCMKTS:DMNXF - News) 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. "We look forward to obtaining the results and continuing our close engagement with the community, First Nations, government and all other stakeholders for the benefit of Québec," he added.A revised definitive feasibility study for Authier has shown its potential to become a sustainable and profitable new mine, with an estimated bet present value of C$216 million (around A$227.7 million).Meanwhile, Sayona's lithium expansion in Québec continues to accelerate with its 25 per cent "Authier is Sayona’s flagship project and these new studies will only help further enhance its environmental and economic sustainability.
"These latest studies are essential to ensuring the Authier project meets community expectations and delivers sustainable outcomes, together with its economic benefits including new jobs and investment," CEO Guy Laliberté said.
Saynoa has chosen all the contractors for the activities and aims for them to be finished by the end of the year.The company continues to advance the project in line with its timeline, however, there were some delays due to COVID-19. Based on recent analysis, some 13 new Authier projects will be necessary just to satisfy U.S. demand by 2030, hence it is critical to accelerate Authier and expand potential supply tonnages through our hub model," he added.Sayona is up 11.1 per cent on the market this morning and is trading for 1 cent per share at 11:28 am AEST.Westgold (WGX) has restructured its gold hedging arrangements to increase the company’s opportunity to capitalise on higher gold prices.Todd River Resources (TRT) has completed the purchase of Marlee Base Metals (MBM) and Moonknight.Variscan Mines (VAR) has received approval from the Government of Cantabria to begin drilling at the San Jose-Novales underground mine in Spain.Great Southern Mining (GSN) has restructured its team with new appointments. Our plan is for Authier“Québec’s economic, strategic and environmental advantages make it the supplier of choice to the North American and European battery market. Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) 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's geographical segments include Australia and Overseas. Sayona Mining Limited is a resource company, which is engaged in identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite.
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