Brisbane, Australia, Mar 16, 2017 - (ABN Newswire) - The Directors present their report of Sayona Mining Ltd (ASX:SYA.AX - News) (OTCMKTS:DMNXF - News) and its controlled entities for the half year ended 31 December 2016.
REVIEW OF OPERATIONS
The loss of the consolidated group after providing for income tax for the half year was $1,151,089 (2015: $1,175,365 loss).
During the period, the Company focused on sourcing and developing projects capable of supplying the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors.
This has entailed:
- expanding a package of lithium prospective exploration tenements in Western Australia; and
- the acquisition of the Authier lithium project in Canada.
Lithium is a high-value product which is anticipated to be in tight supply as the demand for lithiumion batteries continues to experience transformational growth due to use in the new green technology sectors.
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About Sayona Mining Ltd:
Sayona Mining Limited (ASX:SYA.AX - News) is a 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. Please visit us as at www.sayonamining.com.au
Corey Nolan Chief Executive Officer Phone: +61-7-3369-7058 Email: firstname.lastname@example.org www.sayonamining.com.au
Sayona Mining Ltd
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