Sayona Mining Limited: Additional Lithium Tenements Acquired in Western Australia
30.03.2016 | ABN Newswire
Brisbane, Australia - Sayona Mining Ltd. (ASX:SYA) is pleased to announce that it has continued to develop its lithium exploration strategy with two new tenement applications in the Pilgangoora district, Western Australia (Figure 1, see link below).Highlights:
- Two new tenements prospective for lithium secured in Pilgangoora district, Western Australia
- Targeting rare metal pegmatites, previously unexplored for lithium
- Expands lithium tenements in the Pilgangoora district to five covering 624 km2
The new project areas at Friendly Creek (ELA47/3475) and West Wodgina (ELA45/4726) cover 339km2, and secure areas of past tin and tantalum prospecting activity (Figure 2, see link below). The bedrock rare metal pegmatite hosts have not been subject to modern exploration or assessment for their lithium potential. The project areas show similarities with the tin pegmatites at Mt Cassiterite in the Wodgina field which host spodumene bearing albite pegmatites, the Company's target exploration focus.
Commencement of field exploration over the Pilbara projects is planned to commence shortly.
The acquisition is complementary to the Company's recent strategy shift to focus on both graphite and lithium exploration, and develop the raw materials required for the production of lithium-ion batteries (ASX release, Strategic Entry in to the Western Australian Lithium Market, 17 March 2016). Further acquisitions to further this aim are anticipated.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/6KS8AJ4Q
About Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) is an Australian, ASX-listed, company focused on sourcing and developing high purity flake graphite for use in the rapidly growing new technology sectors and industrial sectors.
Contact:
Sayona Mining Ltd.
Corey Nolan, Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au
