Brisbane, Australia, Mar 16, 2017 - (ABN Newswire) - Sayona Mining Limited (ASX:SYA.AX - News) (OTCMKTS:DMNXF - News) ("Sayona" or the "Company") is pleased to announce it has signed an Option-to-Purchase agreement to acquire a tenement along strike to the east from the Authier deposit.
The eastern tenement is strategically important and straddles the eastern extension of the Authier deposit (see Figure 1 in the link below). The Company plans on drilling the optioned tenement during the current Phase 2 drilling program.
The option to acquire a 100% interest in tenement CDC 2187652 is exercisable anytime during the next five years, by making payments including, CAD$25,000 on signing, CAD$5,000 on each anniversary between year two and five, and CAD$75,000 on exercise of the option.
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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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