The company is focused on rapidly developing Authier and capitalising on the strong concentrate pricing window available for new project entrants in the short to medium term.
Sayona’s shares were trading circa 7% higher intra-day, at $0.015.
The company is currently finalising pre-feasibility study (PFS) inputs and assumptions for the definitive feasibility study (DFS), targeted for completion in the second quarter of calendar 2018.
Sayona recently completed a ten-hole drilling program for the hydrogeology study.
The information will be used to assess the quality of the groundwater and to assess the project’s potential impact on the ground water regime and quality in the area.
In addition, the data will be used to plan the pumping activities for the mine, and to provide information for the geotechnical engineering and geo-mechanics of the project.
Importantly, the program is expected to improve the understanding of the project groundwater environment and to mitigate the environmental risks attributable to the operation.
Sayona has also completed the autumn flora and fauna field survey as part of the environmental survey.
The company has created a vegetation inventory, including wetlands and species with special status, inventory of fish and fish habitat, and inventories of wildlife species with special status.
The final environmental report will be completed by the first quarter of 2018 with no major issues identified to date.
Sayona believes Authier is one of the most advanced new hard-rock spodumene development projects in the world.