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Sayona Mining ( (AU:SYA) ) has issued an update.
Sayona Mining Limited has announced a significant increase in the Mineral Resource and Ore Reserve Estimates for its Moblan Lithium Project, with total mineral resources now at 121 million tonnes and ore reserves at 48.08 million tonnes. This expansion underscores the project’s strategic importance and potential to enhance production capacity and extend mine life, reinforcing Sayona’s position in the lithium industry.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Sayona Mining Limited is a North American lithium producer focused on expanding its resource base in the Eeyou-Istchee James Bay region of northern Quebec. The company is engaged in the development of lithium projects, with a strategic emphasis on the Moblan Lithium Project, which benefits from its advantageous location with access to hydropower and transportation infrastructure.
YTD Price Performance: -3.70%
Average Trading Volume: 41,908,816
Technical Sentiment Signal: Sell
Current Market Cap: A$300.1M
See more insights into SYA stock on TipRanks’ Stock Analysis page.