• Application for quotation of securities - SYA
• SAYONA MINING LIMITED (ASX:SYA) - Ann: Application for quotation of securities - SYA, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

AUD 0.15000000cps x 40,000,000

Deflation here: SYA its own share deflation with heaps of shares on issue as below-

SYA : ORDINARY FULLY PAID 10,259,864,245 shares.

SYA Market Cap: $1.5Billion

then

Compare LTR: ORDINARY FULLY PAID 2,202,000,000 shares.

LTR Market Cap: $6.0Billion

During May 2023 a 35-hole drilling program was executed with the goal of targeting strike extension of mineralisation identified in previous drilling programs at all major mineralised pegmatite zones, as well as testing undrilled pegmatite targets focused around the Discovery area

SAYONA MINING LIMITED (ASX:SYA) - Ann: 1MC: Mallina strike increases plus new mineralised spodumene, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Currently North America’s only major source of hard rock lithium production, NAL is targeting becoming the region’s only vertically integrated producer by 2026 with a move downstream into lithium carbonate production. A preliminary technical study released on 21 June 2023 estimated a fully integrated NAL net present value (NPV) of A$5.4 billion (pre‐tax), including the NAL DFS estimate of 14 April 2023. 

SAYONA MINING LIMITED (ASX:SYA) - Ann: New NAL Milestone with 30,000t Lithium Concentrate Produced, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

The $200Mill Placement at 18cps .Now looking for another run

immediate Trading Halt

Québec can deliver lithium hydroxide to Cleveland, USA at least 20% lower cost vs traditional Australia to China operations. 

Brett Lynch Managing Director

Highlights

 Definitive feasibility study estimates A$2.2B (C$2B) (C$1 = A$1.11) pre‐tax net present value (NPV) (8% discount) for spodumene concentrate produced from combined North American Lithium (NAL) and Authier Lithium Project, demonstrating Abitibi lithium hub’s long‐term financial and technical viability 

. 

Spod' Concentrate Produced Quebec Canada

expect trading halt until the earlier of the commencement of normal trading on Tuesday, 7 March 2023 or when the announcement is released to the market

Quarter Highlights Québec, Canada • North American Lithium (NAL) restart accelerates towards first production in late Q1, 2023  

• Pre‐feasibility Study (PFS) launched for production of lithium carbonate at NAL

 • Strategic acquisition and earn‐in of 48 claims adjacent to NAL (Vallée Lithium Project)

 • PFS commenced for Moblan Lithium Project, targeting development of lithium mine and concentrator 

• Further acquisition of 1,824 claims neighbouring Moblan, expanding northern lithium hub  Western Australia 

 • Joint Venture with Morella Corporation Limited (ASX:1MC) finalised to accelerate lithium exploration in the Pilbara and South Murchison

On recommencement of operations, an offtake agreement with Piedmont will come into effect, whereby Piedmont is entitled to purchase the greater of 113,000 metric tons per year of spodumene concentrate or 50% of production from NAL. Prior to the NAL restart, the agreement provided for offtake of 60,000 tonnes or 50% of concentrate produced from ore mined at The Group’s nearby Authier Lithium Project.

SYA_AR2022_Front Section.cdr (markitdigital.com)

Some Peer miners

Operations will begin in October 2022, 

Operations will begin in October 2022, with work to be carried out continuously, 24 hours a day, 365 days a year. The fleet of equipment mobilised on‐site will include more than 10 trucks with a capacity of 100 tonnes, and two excavators weighing 125 tonnes. The agreement follows recent progress at NAL towards the recommencement of production, with permitting and procurement largely completed and construction ramping up, among other achievements (refer ASX release 16 September 2022). Sayona’s Managing Director, Brett Lynch commented: “We are delighted to further advance NAL towards the recommencement of production in the first quarter of 2023, with the selection of a skilled and experienced mining operator being a crucial step in this process. 

$7.5Mill Placement At 0.015cps

2924-02544861_NPS-2A1386706 (markitdigital.com)

SYA closed at 0.16cps , Revenue generating Company circa 2023

PLL closed at 58.5cps

NEW LITHIUM DISCOVERIES STRENGTHEN MOBLAN POTENTIAL

• Release Date: 27/06/22 09:13
• Summary: New Lithium Discoveries Strengthen Moblan Potential
• Price Sensitive: Yes

SYA Price closed on the day 0.14cps up 12%

Next Steps A 20,000m diamond drill program has commenced to enable an updated and a new resource calculation on the  Moblan deposit, the new Moblan South discovery and Moleon areas. More than 215 new drill sites have been permitted by the Québec resources ministry (MERN), with the objective of exploring and defining new lithium resources at Moblan.   

Project Background The Moblan Lithium Project is located about 100km north of the town of Chibougamau and approximately 85km from the Cree (First Nations) community of Mistissini.  The project is accessible year‐round via the Route du Nord and its proximity to Chibougamau and Mistissini with their available infrastructure makes it an  ideal location for exploring and mining deposits of industrial energy minerals.  

Sayona is committed to engaging local communities as the project progresses, including First Nations  and other local  community members, consistent with its stakeholder engagement approach.  In January 2022, 

Sayona expanded its northern hub with the acquisition of 121 new claims, the Lac Albert Project, located 3.5km west of  Moblan and spanning more than 6,500ha (refer ASX release 25 January 2022).  

A till and soil sampling program was undertaken at Lac Albert from: 18 27 May, with a total of 69 x 1kg soil samples and 34 x 15kg till samples collected to identify lithium bearing occurrences and  associated elements.  In addition, 145 outcrops and boulders have been located and mapped with 56 samples from boulders  and 37 samples from outcrops collected and sent to the lab for analysis.

• Release Date: 26/05/22 17:03
• Summary: Application for quotation of securities - SYA
• Price Sensitive: No

• Release Date: 27/05/22 09:46
• Summary: Investor Presentation
• Price Sensitive: Yes

Getting on with the mine development:

Some history of a recent shareplacement and SPP.

4 October 2021 

Emerging lithium producer Sayona Mining Limited (ASX:SYA; OTC:DMNXF) 

advises that the Company’s pro rata entitlement. offer.

The Offer seeks to raise approximately A$25.5 million. It provides the opportunity for eligible shareholders to subscribe for one New Share for every thirty?five shares held on the Record Date. New Shares will be issued at the issue price of A$0.145, being the same price as the Placement, also announced on 4 October 2021.

SAYONA MINING LIMITED (ASX: SYA) Non Renounceable Rights Issue On Monday, 4 October 2021, Sayona Mining Limited (Sayona) announced a pro rata non renounceable rights issue of new Sayona ordinary shares (New Shares) to raise approximately A$25.5 million (Rights Issue). The proceeds from the Rights Issue will be used primarily to advance:

• Moblan exploration and assessment;

• NAL redevelopment assessment;

• Authier mine approval process, exploration and assessment;

• Tansim exploration and assessment;

• Exploration of Western Australia gold projects; and

• Working capital.

The Rights Issue will provide an opportunity for eligible shareholders to subscribe for 1 New Share for every 35 existing Sayona ordinary shares held on the Record Date of 6.00pm (Brisbane time) on Thursday, 7 October 2021. The offer price is A$0.145 per New Share (Offer Price).

Sayona nabs 60% stake in Moblan project

19 October 2021: Sayona finalised the US$86.5 million acquisition of a 60% stake in the Moblan lithium project in Northern Que?bec following a A$100 million cap raising.

The company says the cap raising demonstrates strong investor confidence in its Que?bec expansion, adding to the Abitibi lithium hub amid accelerating lithium demand from North America’s EV industry.

The project is 40% owned by SOQUEM Inc., a wholly owned subsidiary of Investissement Que?bec, which waived its right of first refusal in connection with Sayona’s acquisition of the Moblan interest.

The company is planning additional drilling at Moblan next year ( 2022 ) aiming to expand its lithium resource and will undertake a revised definitive feasibility study targeting an increase in its spodumene production capacity.

Last month, September Sayona announced the potential for a significant resource expansion at its newly acquired North American Lithium (NAL) mine and drilling at its Authier Lithium Project also has the potential to increase its lithium resource – together with planned drilling at the emerging Tansim Lithium Project.

Looking at similar Market Capitalisation of circa $1Billion, below:

SYA - Return: 1yr 1898.14%                            3yr 80.07%                         5yr 48.46%

AVZ – Return: 1yr 666%                                  3yr 86%                              5yr 109%

*RXL – Return 1yr minus 57%                        3yr 35%                              5yr 9%

CXO – Return 1yr 1,272%                             3yr 130%                             5yr 50%

VUL – Return 1yr 764%                                  3yr 280%                             5yr NA

LKE – Return 1yr 1654%                                 3yr 114%                             5yr 76%

• Good price appreciation above,
• One RXL has not performed like it's peers here.

Disc hold: RL & S.M

Lithium 

About Sayona Mining 
Sayona Mining Limited is an emerging lithium miner (ASX:SYA; OTC:DMNXF), with projects in Québec, 
Canada and Western Australia. In Québec, Sayona’s assets comprise the Authier Lithium Project and its 
emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer 
Piedmont Lithium Inc. (Nasdaq:PLL; ASX:PLL). Sayona and Piedmont have also successfully undertaken a 
joint bid to acquire North American Lithium, which hosts a former lithium mine and concentrator. 
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for 
gold and lithium. Sayona is exploring for Hemi?style gold targets in the world?class Pilbara region, while 
its lithium projects are subject to an earn?in agreement with Altura Mining Limited. 
For more information, please visit us at www.sayonamining.com.au

Notes:

Placement completed at $0.075 raised $45mill.

SPP record date 9/7/21  at $0.075 to raise $5mill 

SPP Closing 18/8/21

4/8/21 share price charges up 20% to $0.09