Proactiveinvestors United Kingdom Sayona Mining Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Sayona Mining Ltd RSS feed en Tue, 23 Jul 2019 12:20:31 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Sayona Mining Ltd spins the diamond rig at Authier lithium ]]> https://www.proactiveinvestors.co.uk/companies/news/165276/sayona-mining-ltd-spins-the-diamond-rig-at-authier-lithium-70923.html Sayona Mining Ltd (ASX:SYA) has now commenced a highly anticipated diamond drilling program of between 5,000 to 6,000 metres at the Authier lithium project, Quebec, Canada.

Authier was recently acquired by Sayona and is a near-term development project and cash-flow generation opportunity for the company.

The drilling is focused on converting resources to the higher confidence measured and indicated categories, while increasing the drill density to convert mineral resources to reserves.

The program will also explore for extensions to the existing mineral resources and other potential mineralisation within the tenement package.

Corey Nolan, chief executive officer, commented:

"The resource definition drilling is expected to enhance the quality and scale of the resource that will be used in the Pre-Feasibility Study.

"Once the Pre-Feasibility Study is completed, the company plans the rapid completion of a Bankable Feasibility Study, securing off-take agreements and project financing."


Drilling benefits

Additional drilling benefits include:

- Collecting geotechnical and hydrological data for incorporation in the Authier Feasibility Studies; and

- Collecting additional drill core for any additional metallurgical testing that may
be required to complete a Bankable Feasibility study, planned for 2017.


Background

Sayona recently completed the CAD$4 million acquisition of the Authier lithium project in Canada, which is a near-term development project and cash-flow generation opportunity for the company.

Sayona has paid CAD$4 million for a project that:

- Has been extensively drilled;
- Is a simple deposit amenable to open cut mining;
- Has a defined JORC resource with simple metallurgy; and
- Has good access to developed infrastructure.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Developing Authier is in the line with the company’s strategy to develop its lithium and graphite projects to provide raw materials for lithium-ion batteries.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 08 Sep 2016 10:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165276/sayona-mining-ltd-spins-the-diamond-rig-at-authier-lithium-70923.html
<![CDATA[News - Sayona Mining Ltd's Corey Nolan talks lithium drilling at Spotlight CEO Sessions ]]> https://www.proactiveinvestors.co.uk/companies/news/165275/sayona-mining-ltds-corey-nolan-talks-lithium-drilling-at-spotlight-ceo-sessions-70812.html Sayona Mining Ltd's (ASX:SYA) chief executive officer, Corey Nolan, joined Proactive's Spotlight CEO Investor Sessions in Melbourne and Sydney this week, outlining the company's lithium strategy to investors.

Sayona has been granted a drilling permit for a 5,000-6,000 metre diamond drill program to commence in September at the Authier lithium project located in Quebec, Canada.

Authier was recently acquired by Sayona and is a near-term development project and cash-flow generation opportunity for the company.

The drilling aims to upgrade the current JORC resource and explore for extensions and other potential mineralisation.

 

ACCESS THE FULL PRESENTATION HERE

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Fri, 02 Sep 2016 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165275/sayona-mining-ltds-corey-nolan-talks-lithium-drilling-at-spotlight-ceo-sessions-70812.html
<![CDATA[News - Sayona Mining Ltd gets green light for drilling at Authier lithium project ]]> https://www.proactiveinvestors.co.uk/companies/news/165274/sayona-mining-ltd-gets-green-light-for-drilling-at-authier-lithium-project-70671.html Sayona Mining Ltd (ASX:SYA) has been granted a drilling permit for a 5,000-6,000 metre diamond drill program to commence in September at the Authier lithium project located in Quebec, Canada.

Authier was recently acquired by Sayona and is a near-term development project and cash-flow generation opportunity for the company.

The drilling aims to upgrade the current JORC resource and explore for extensions and other potential mineralisation.

Drilling will commence once track clearing is complete.

Corey Nolan, CEO, commented: “The resource definition drilling is expected to enhance the quality and scale of the resource that will be used in the pre-feasibility study.

“Once the pre-feasibility study is completed, the company plans the rapid completion of a bankable feasibility study, securing off-take agreements and project financing.”


Diamond drill program

The drilling program has been designed to improve the overall quality and expand on the size of its existing JORC 2012 compliant Mineral Resource estimate.

The project has more than 15,000 metres of historical diamond drilling in 123 holes, and 2,143 assay samples.

The aim of the drilling program, includes:

- Converting the inferred mineral resources to measured and indicated through further drilling;
- Increasing the drill density to convert mineral resources to reserves;
- Exploring for extensions to the existing mineral resources and other potential mineralisation within the tenement package;
- Collecting geotechnical and hydrological data for incorporation in the Authier feasibility studies; and
- Collecting additional drill core for any additional metallurgical testing that may be required to complete a bankable feasibility study, planned for 2017.


Background

Sayona recently completed the CAD$4 million acquisition of the Authier lithium project in Canada, which is a near-term development project and cash-flow generation opportunity for the company.

Sayona has paid CAD$4 million for a project that:

- Has been extensively drilled;
- Is a simple deposit amenable to open cut mining;
- Has a defined JORC resource with simple metallurgy; and
- Has good access to developed infrastructure.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

Developing Authier is in the line with the company’s strategy to develop its lithium and graphite projects to provide raw materials for lithium-ion batteries.


Analysis

The drilling program at Authier will both progress the development of the project by aiding the completion of the pre-feasibility study; and leverage Sayona to exploration upside.

The completion of the recently commenced pre-feasibility study is an important milestone in taking the Authier project into lithium production.

Furthermore, while the drilling will be upgrading the definition of the JORC Resource, it will also be probing for new mineralisation which has the potential to be a catalyst for Sayona.

Any additional lithium resources found have the opportunity to improve project economics.

The Authier deposit is amenable to low cost, open cut mining.

News flow is expected regarding the commencement of drilling and assays received.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Thu, 25 Aug 2016 12:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165274/sayona-mining-ltd-gets-green-light-for-drilling-at-authier-lithium-project-70671.html
<![CDATA[News - Sayona Mining Ltd takes another step to advance Authier lithium project ]]> https://www.proactiveinvestors.co.uk/companies/news/165273/sayona-mining-ltd-takes-another-step-to-advance-authier-lithium-project-70621.html Sayona Mining Ltd (ASX:SYA) has commenced a metallurgical testing program at its recently acquired Authier lithium project in Quebec, Canada.

Testwork will use 410 kilograms of drill core available from historical drilling.

The primary focus of the program is to demonstrate whether Authier spodumene ore is amenable to concentration using dense media separation (DMS).

A lithium concentrate produced using DMS methods has a number of advantages including, cost reductions, being chemical-free and faster processing leading to nearer cash flows.

Results will be incorporated into a new flow sheet design and the pre-feasibility study.


Previous metallurgy work

Authier has been the subject of two metallurgical test work programs in 1999 and 2012.

In 2012, testing of a 270 kilogram composite sample achieved attractive results including an 88% metallurgical recovery to a 6.09% lithium superoxide concentrate.

The results of the program were used to design a conventional process flowsheet incorporating crush, grind and flotation for the 2013, Authier NI43-101 preliminary economic assessment.

The flowsheet contemplated the processing of 2,200 tonnes of ore per day at 85% metallurgical recovery to produce a 6% lithium superoxide spodumene concentrate.


Background

Sayona recently completed the CAD$4 million acquisition of the Authier lithium project in Canada, which is a near-term development project and cash-flow generation opportunity for the company.

Sayona has paid CAD$4 million for a project that:

- Has been extensively drilled;
- Is a simple deposit amenable to open cut mining;
- Has a defined JORC resource with simple metallurgy; and
- Has good access to developed infrastructure.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

Developing Authier is in the line with the company’s strategy to develop its lithium and graphite projects to provide raw materials for lithium-ion batteries.


Analysis

The advanced metallurgical testing program will be incorporated into the pre-feasibility study which is a key milestone in Sayona’s development of Authier.

The pre-feasibility study will then allow Sayona to progress further towards production by completing a definitive feasibility study, mining licence applications and offtake contracts.

If Sayona can demonstrate that Authier ore can be processed successfully using DMS, this will have positive effects on project economics and feasibility.

DMS concentrate can be sold without further processing, shortening the lead time to generate first cash flows.

Furthermore, using DMS would reduce plant size and capital expenditure as well as reduce the consumption of reagents and power in the flotation and grinding circuits.

The Authier deposit is amenable to low cost, open cut mining.

On completion of the pre-feasibility study, the company plans to progress towards completing a definitive feasibility study, mining licence applications, and product offtake contracts.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 23 Aug 2016 13:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165273/sayona-mining-ltd-takes-another-step-to-advance-authier-lithium-project-70621.html
<![CDATA[News - Sayona Mining Ltd brings Authier lithium project to light at Spotlight CEO Sessions ]]> https://www.proactiveinvestors.co.uk/companies/news/165272/sayona-mining-ltd-brings-authier-lithium-project-to-light-at-spotlight-ceo-sessions-70519.html Sayona Mining Ltd (ASX:SYA) recently completed the CAD$4 million acquisition of the Authier lithium project in Canada, which is a near-term development project and cash-flow generation opportunity for the company.

Sayona has paid CAD$4 million for a project that:

- Has been extensively drilled;
- Is a simple deposit amenable to open cut mining;
- Has a defined JORC resource with simple metallurgy; and
- Has good access to developed infrastructure.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

Developing Authier is in the line with the company’s strategy to develop its lithium and graphite projects to provide raw materials for lithium-ion batteries.

Find out more from Corey Nolan, managing director, at Proactive's Spotlight CEO Sessions in Melbourne and Sydney in August 2016.

REGISTER HERE

Melbourne Investor Sessions, Tuesday, 30th August 2016

Sydney Investor Sessions, Wednesday, 31st August 2016


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 22 Aug 2016 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165272/sayona-mining-ltd-brings-authier-lithium-project-to-light-at-spotlight-ceo-sessions-70519.html
<![CDATA[News - Sayona Mining Ltd's portfolio to focus on Authier lithium ]]> https://www.proactiveinvestors.co.uk/companies/news/165271/sayona-mining-ltds-portfolio-to-focus-on-authier-lithium-70474.html Sayona Mining Ltd (ASX:SYA) will put all of its focus and energy into the Authier lithium project located in Quebec, Canada.

The upcoming work program will include a metallurgical study, a process engineering study, a resource definition and extension drilling program and preparation of a pre-feasibility study.

Sayona has advised that it will not renew an option to acquire the Itabela graphite project.

Corey Nolan, chief executive officer, commented:

"The company’s strategy is to invest in projects which it believes generate the highest return to shareholders.

"Our primary focus is now on the development of the Authier lithium project and identifying strategies for realising value from our other project interests."

Sayona continues to hold an exposure to the graphite sector through its East Kimberley project in Western Australia.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 16 Aug 2016 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165271/sayona-mining-ltds-portfolio-to-focus-on-authier-lithium-70474.html
<![CDATA[News - Sayona Mining Ltd completes retail component of raising ]]> https://www.proactiveinvestors.co.uk/companies/news/165270/sayona-mining-ltd-completes-retail-component-of-raising-70463.html Sayona Mining Ltd (ASX:SYA) has completed the retail component of its 1 for 5 pro-rata accelerated non-renounceable entitlement offer.

The offer was priced at $0.027 per share and will include one free attaching option exercisable at $0.03 for every two new shares acquired.

Total applications were $436,915, with the shortfall of $559,801 placed to investors by the underwriter Bizzell Capital Partners Pty Ltd.

Already completed is the institutional component which raised $1,904,570, with Sayona entering into an agreement to undertake a further placement to raise up to $600,000.

Total proceeds including the placement would be circa $3.6 million.


Lithium in Canada

Sayona is commencing a new five month work program on the recently acquired Authier lithium project located in Quebec, Canada.

The upcoming work program will include a metallurgical study, a process engineering study, a resource definition and extension drilling program and preparation of a pre-feasibility study.


Authier lithium project

The Authier lithium project is located in the top tier mining jurisdiction of Quebec, Canada.

The Authier project has been subject to a number of historical drilling, metallurgical testing and technical studies including:

- Over 15,000 metres of drilling;
- Two metallurgical programs including a 40 tonnes bulk sample;
- a base-line environmental impact study; and
- A NI 43-101 technical report, preliminary economic assessment in 2013.

The company’s primary strategy is to focus on completing the studies required to commence the development of the project.

The project contains the Authier deposit with a JORC Resource Estimate of 9.12 million tonnes grading 0.96% lithium for 87,302 tonnes of lithium.

The deposit is 825 metres long, has an average width of 25 metres and dips to 200 metres depth, where the resource remains open.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 16 Aug 2016 12:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165270/sayona-mining-ltd-completes-retail-component-of-raising-70463.html
<![CDATA[News - Sayona Mining Ltd continues to advance recent lithium acquisition ]]> https://www.proactiveinvestors.co.uk/companies/news/165269/sayona-mining-ltd-continues-to-advance-recent-lithium-acquisition-70437.html Sayona Mining Ltd (ASX:SYA) is commencing a new five month work program on the recently acquired Authier lithium project located in Quebec, Canada.

Sayona recently completed the CAD$4 million acquisition of Authier, which is a near-term development project and cash-flow generation opportunity for the company.

The upcoming work program will include a metallurgical study, a process engineering study, a resource definition and extension drilling program and preparation of a pre-feasibility study.

Corey Nolan, CEO, commented: “The new studies will provide important technical and financial information about the project for shareholders, and supporting discussions with potential off-takers, equipment suppliers, financiers and regulatory organisations.

“On completion of the pre-feasibility study, the company plans to progress towards completing a definitive feasibility study, mining licence applications, and product offtake contracts.”


Authier lithium project

The Authier lithium project is located in the top tier mining jurisdiction of Quebec, Canada.

The Authier project has been subject to a number of historical drilling, metallurgical testing and technical studies including:

- Over 15,000 metres of drilling;
- Two metallurgical programs including a 40 tonnes bulk sample;
- a base-line environmental impact study; and
- A NI 43-101 technical report, preliminary economic assessment in 2013.

The company’s primary strategy is to focus on completing the studies required to commence the development of the project.

The project contains the Authier deposit with a JORC Resource Estimate of 9.12 million tonnes grading 0.96% lithium for 87,302 tonnes of lithium.

The deposit is 825 metres long, has an average width of 25 metres and dips to 200 metres depth, where the resource remains open.


Background

Sayona is 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.

The company’s project portfolio consists of lithium and graphite projects in Australia, Canada and Brazil.

The portfolio consists of:

- Recently acquired Authier lithium project (Canada);
- Pilbara lithium project (Western Australia);
- Mt Edon lithium project (Western Australia);
- East Kimberley graphite project (Western Australia); and
- Itabela graphite project (Brazil).

Sayona most recently expanded its Pilbara lithium project through a new tenement application in the Moolyella district of the Pilbara region.

This new 61 square kilometre project area will increase the company’s total presence in the Pilbara region to 1,047 square kilometres.


Analysis

The five month work program commencing on Authier shows the company has set a path to completing a pre-feasibility study.

The pre-feasibility study will then allow Sayona to progress further towards production by completing a definitive feasibility study, mining licence applications and offtake contracts.

The Authier deposit is amenable to low cost, open cut mining.

Extensive metallurgy has already been completed achieving an 85% recover of 5-6% lithium concentrate using a conventional processing route.

The CAD$4 million acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 15 Aug 2016 11:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165269/sayona-mining-ltd-continues-to-advance-recent-lithium-acquisition-70437.html
<![CDATA[News - Sayona Mining Ltd expands lithium portfolio in Pilbara region ]]> https://www.proactiveinvestors.co.uk/companies/news/165268/sayona-mining-ltd-expands-lithium-portfolio-in-pilbara-region-70348.html Sayona Mining Ltd (ASX:SYA) has made a new tenement application in the Moolyella district of the Pilbara region of Western Australia.

This new 61 square kilometre project area will increase the company’s total presence in the Pilbara region to 1,047 square kilometres.

The new project area has not been previously explored for lithium and is located within a district known for hosting spodumene bearing pegmatites.

Mapping and airborne magnetics indicate that lithium pegmatites in the known Moolyella Tin Field are associated with structures located within the new application.

These targets will be the focus of initial exploration.


Background

Sayona is 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.

The company’s project portfolio consists of lithium and graphite projects in Australia, Canada and Brazil.

The portfolio consists of:

- Recently acquired Authier lithium project (Canada);
- Pilbara lithium project (Western Australia);
- Mt Edon lithium project (Western Australia);
- East Kimberley graphite project (Western Australia); and
- Itabela graphite project (Brazil).


June quarter highlights

During the June quarter, Sayona completed the acquisition of the Authier lithium project for CAD$4 million.

Lithium exploration in Western Australia also commenced with rock samples, soil samples and stream samples.

At the Mt Edon lithium project, over 70 pegmatites were identified over a 4 kilometre zone.

A total of 95 rock samples were collected and returned assays up to 1.57% lithium.

Sayona also completed its maiden drill program at Itabela drilling 49 holes for 2,440 metres, highlights include:

- 77 metres at 2.9% total graphitic content from 7 metres;
- 26 metres at 4.01% total graphitic content; and
- 43 metres at 3.14% total graphitic content.


Authier lithium acquisition

Sayona recently completed the CAD$4 million acquisition of the Authier lithium project located in the top tier mining jurisdiction of Quebec, Canada.

The company’s primary strategy is to focus on completing the studies required to commence the development of the project.

Authier is a near-term development project and cash-flow generation opportunity.

The project contains the Authier deposit with a JORC Resource Estimate of 9.12 million tonnes grading 0.96% lithium for 87,302 tonnes of lithium.

The deposit is 825 metres long, has an average width of 25 metres and dips to 200 metres depth, where the resource remains open.

The deposit is amenable to low cost, open cut mining.

Extensive metallurgy has been completed achieving an 85% recover of 5-6% lithium concentrate using a conventional processing route.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Wed, 10 Aug 2016 08:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165268/sayona-mining-ltd-expands-lithium-portfolio-in-pilbara-region-70348.html
<![CDATA[News - Sayona Mining Ltd completes acquisition of Authier lithium in Canada ]]> https://www.proactiveinvestors.co.uk/companies/news/143759/sayona-mining-ltd-completes-acquisition-of-authier-lithium-in-canada-69957.html Sayona Mining Ltd (ASX:SYA) has completed the CAD$4 million acquisition of the Authier lithium project located in the top tier mining jurisdiction of Quebec, Canada.

The company’s primary strategy is to focus on completing the studies required to commence the development of the project.

Authier is a near-term development project and cash-flow generation opportunity.

Corey Nolan, CEO, commented: “The company is pleased to have completed the acquisition of an advanced lithium project with JORC resources.

“The company is now preparing for the rapid completion of a pre-feasibility study, a final campaign of resource definition drilling required to complete a Bankable Feasibility Study and securing off-take for the spodumene concentrate”


Authier lithium project

The Authier project is located in Quebec, Canada, which hosts a well-developed mining industry and a number of large high-grade lithium deposits.

The project contains the Authier deposit with a JORC Resource Estimate of 9.12 million tonnes grading 0.96% lithium for 87,302 tonnes of lithium.

The deposit is 825 metres long, has an average width of 25 metres and dips to 200 metres depth, where the resource remains open.

The deposit is amenable to low cost, open cut mining.

Extensive metallurgy has been completed achieving an 85% recover of 5-6% lithium concentrate using a conventional processing route.


Authier next steps

Sayona’s strategy is to develop Authier in a staged approach, including:

- Completion of further metallurgical testing for an updated pre-feasibility study;
- Converting inferred mineral resources to measured and indicated through drilling;
- Converting mineral resources to reserves;
- Exploring for extensions to existing mineral resources and additional regional mineralisation;
- Consolidating other potential resources in the district;
- Studying options for improving the project economics, including cost reduction, metallurgical optimisation and downstream processing options;
- Completion of an environmental impact statement and bankable feasibility study;
- Negotiating production off-take agreements; and
- Sourcing development finance and constructing the project.


Unlocking value

Sayona has paid CAD$4 million for a project that:

- Has been extensively drilled;
- Is a simple deposit amenable to open cut mining;
- Has a defined JORC resource with simple metallurgy; and
- Has good access to developed infrastructure.

The acquisition cost represents a valuation of $47 per tonne of lithium resource.

Sayona can unlock value by progressing this project further towards development.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 21 Jul 2016 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143759/sayona-mining-ltd-completes-acquisition-of-authier-lithium-in-canada-69957.html
<![CDATA[News - Sayona Mining Ltd secures funds for lithium acquisition in Canada ]]> https://www.proactiveinvestors.co.uk/companies/news/143756/sayona-mining-ltd-secures-funds-for-lithium-acquisition-in-canada-69913.html Sayona Mining Ltd (ASX:SYA) has successfully completed the accelerated institutional rights issue component of its $7.1 million capital raising.

The successful completion of the rights issue means that Sayona will have the required funds to proceed with the acquisition of the Authier lithium project in Canada.

The total $7.1 million capital raising consists of a completed $4.2 million placement and a partially complete $2.9 million rights issue.

The rights issue consists of a $1.9 million accelerated component, now complete, and a $1 million retail component in progress.

The $2.9 million rights issue component of the capital raising is fully underwritten.


Use of funds

Funding will be used for:

- The CAD$4 million acquisition of Authier;
- Feasibility work on Authier;
- Exploration of Australian projects; and
- Administration and working capital expenses.


Authier lithium acquisition

The Authier project is located in Quebec, Canada, which hosts a well-developed mining industry and a number of large high-grade lithium deposits.

The project contains the Authier deposit with a JORC Resource Estimate of 9.12 million tonnes grading 0.96% lithium for 87,302 tonnes of lithium.

The deposit is 825 metres long, has an average width of 25 metres and dips to 200 metres depth, where the resource remains open.

The deposit is amenable to low cost, open cut mining.

Extensive metallurgy has been completed achieving an 85% recover of 5-6% lithium concentrate using a conventional processing route.


Next steps

The key milestones for the Authier deposit include:

- Finalise pre-feasibility study;
- Convert resources to reserves through drilling;
- Explore and drill for extensions to known mineralisation;
- Complete a bankable feasibility study;
- Negotiate off-take and financing; and
- Proceed with construction and operation.


Value opportunity

The CAD$4 million acquisition cost represents a valuation of $47 per tonne for Authier.

Current lithium resource developers such as Altura Mining Ltd (ASX:AJM) and Pilbara Minerals Ltd (ASX:PLS) are valued at circa $600 per tonne lithium and lithium producer Galaxy is valued at $1,457 per tonne lithium.


Infrastructure

Authier is located in a major mining district with well-established development infrastructure.

It is located 50 kilometres by road to the Quebec lithium plant.

The project has access to low cost hydro power, road, rail and an experienced local mining workforce.


Analysis

The successful acquisition of Authier will transform Sayona into an established ASX lithium player.

Due to the advanced stage of the lithium project, the acquisition of Authier will progress Sayona directly to the appraisal stage of project development.

The acquisition leverages Sayona to a lithium project with near term development and cash flow potential.

A significant value proposition exists due to the low $47 per tonne purchase price valuation and the opportunity for uplift through progressing the project to the development stage.

This purchase will see Sayona avoid expenditures for already completed exploration, drilling, metallurgy and studies. A total of 123 holes for 15,000 metres have been drilled at Authier.

The project is located in a world class mining jurisdiction with access to developed infrastructure.


Background

The Authier acquisition will complement Sayona’s current portfolio of lithium and graphite exploration projects.

This supports the company’s objective of sourcing and developing raw materials required for lithium-ion batteries.

Sayona entered the lithium space by compiling 843 square kilometres of exploration tenure in Western Australia.

The majority of this tenure is in the Pilbara region.

Sayona also owns two graphite projects, the East Kimberley project in Western Australia and Itabela project in Brazil.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 20 Jul 2016 08:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143756/sayona-mining-ltd-secures-funds-for-lithium-acquisition-in-canada-69913.html
<![CDATA[News - Sayona Mining Ltd to lift cash position for Canadian lithium ]]> https://www.proactiveinvestors.co.uk/companies/news/143754/sayona-mining-ltd-to-lift-cash-position-for-canadian-lithium-69792.html Sayona Mining Ltd (ASX:SYA) has been granted a trading halt (2+2) by the ASX, pending details of a capital raising.

Sayona recently dialled into lithium in Quebec, Canada, which is host to a number of large high-grade lithium deposits.

The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 13 Jul 2016 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143754/sayona-mining-ltd-to-lift-cash-position-for-canadian-lithium-69792.html
<![CDATA[News - Sayona Mining Ltd swoops on Canadian lithium assets ]]> https://www.proactiveinvestors.co.uk/companies/news/143752/sayona-mining-ltd-swoops-on-canadian-lithium-assets-68409.html Sayona Mining Ltd’s (ASX:SYA) share price has surged after signing a binding agreement with Glen Eagle Resources (CVE:GER) to acquire the Authier lithium deposit in Quebec, Canada for CAD$4 million (A$4.15 million).

The acquisition of Authier, which will be finalised after a 60-day due diligence period, represents an optimal fit with Sayona’s strategy of identifying and developing lithium focused projects.

The Authier project is situated near the city of Val d’Or, a major mining service centre in Quebec and situated close to a national highway a few kilometres east of the project site.

Authier is an 825 metres long deposit with an average thickness of 25 metres, hosting spodumene-bearing pegmatite intrusions amenable to low-cost, open-cut mining techniques.

The project has witnessed significant investment in drilling, geophysics and development studies which has estimated Canadian measured and indicated resources totalling 74,000 tonnes of contained Li20.

Glen Eagle had produced a preliminary economic assessment in 2013 demonstrating the technical and commercial viability of developing the Authier deposit.

This bodes well for Sayona as the fundamentals for lithium have improved significantly since 2013.

Lithium is a high-value product which is anticipated to be in tight supply as the demand for lithium-ion batteries continues to experience transformational growth due to use in the new green technology sectors.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 03 May 2016 13:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143752/sayona-mining-ltd-swoops-on-canadian-lithium-assets-68409.html
<![CDATA[News - Sayona Mining Ltd adds to lithium portfolio in Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/143750/sayona-mining-ltd-adds-to-lithium-portfolio-in-western-australia-68011.html Sayona Mining Ltd (ASX:SYA) is advancing its lithium exploration portfolio with a new application of 140 square kilometres at Cooglegong, covering the northern part of the Shaw River tin field in the Pilbara district of Western Australia.

The project has never previously been explored for lithium but host to prospective albite pegmatites.

The Shaw River tin field covers an area of historic tin mining and is host to numerous pegmatites of albite composition. Tantalum is also reported from the area, indicating the potential presence of rare metal pegmatites containing lithium.

The company is exploring the project for its potential to host the albite – spodumene class of rare metal pegmatite and is developing a range of methodologies to efficiently test the large Pilbara regional project area.

Sayona is primarily engaged in pursuing     graphite resources, but has recently started lithium exploration.

The company owns granted tenement applications totalling 764 square kilometres in the Pilbara region, and 843 square kilometres in Western Australia.

Lithium is a high-value product which is anticipated to be in tight supply as the demand for lithium-ion batteries continues to experience transformational growth due to use in the new green technology sectors.

Sayona’s share price has increased by about 65% since the start of 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 12 Apr 2016 14:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143750/sayona-mining-ltd-adds-to-lithium-portfolio-in-western-australia-68011.html
<![CDATA[News - DiamonEx says court confirms Diamonex Botswana creditor protection ]]> https://www.proactiveinvestors.co.uk/companies/news/143748/diamonex-says-court-confirms-diamonex-botswana-creditor-protection-1126.html
The sale of the majority interest in Diamonex Botswana is proceeding. ]]>
Mon, 30 Mar 2009 17:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143748/diamonex-says-court-confirms-diamonex-botswana-creditor-protection-1126.html
<![CDATA[News - DiamonEx shares remain suspended until company confirms plans for the future ]]> https://www.proactiveinvestors.co.uk/companies/news/143745/diamonex-shares-remain-suspended-until-company-confirms-plans-for-the-future-0937.html
At the end of January 2009, DiamonEx requested a trading halt pending confirmation of the status of its Botswana diamond producing operations.

Diamonex Botswana remains under the Judicial Management Order under which it was placed in January. A further hearing regarding the order has been set down by the court for
Friday, March 27 2009.

DiamonEx will update the market once further detail of the plans regarding Diamonex Botswana have been set by the judicial manager and agreement reached with its lenders.


]]>
Mon, 02 Mar 2009 00:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/143745/diamonex-shares-remain-suspended-until-company-confirms-plans-for-the-future-0937.html
<![CDATA[News - Diamonex requests trading halt ]]> https://www.proactiveinvestors.co.uk/companies/news/143741/diamonex-requests-trading-halt-0704.html Diamonex (ASX:DON) has requested a trading halt in its shares pending confirmation of the status of Diamonex's Botswana diamond producing operations.

The diamond industry is in a trough. Worldwide, cutting and polishing companies are reporting losses of up to 30 percent,

In the United States, which consumes 50 percent of finished diamond jewellery, is caught in a debt trap of income–to–debt ratio of 1:140 percent, together with Japan, which closely follows at 19 percent.

“Demand, for diamonds, the Botswana's major source of foreign currency, has also been weakened by the current financial crisis and this will further weaken the country’s foreign exchange earnings in the form of low export earning from mineral sales and can impact negatively on the country’s economy if it is prolonged,” Motswedi Securities in Botswana said.

Some of the diamond mining houses, such as DiamonEx, have issued a flurry of statements warning against the impact of the global financial crisis on their business and at the same time fishing out for some money from investors in a bid to keep afloat. The diamond cutting and polishing industry, which is already indebted to the tune of US $19 billion and with stocks enough for a year supply, have driven down the prices by as much as 60 percent and the outlook for the year is that the whole industry will have a 12 percent hole to deal with.

Given the optimistic 12 percent deficit, the industry is expected to recover by the fourth quarter of next year, however, if the impact takes more than that, the consequences are likely to be more severe.

The length of the trading halt is until Tuesday 27 January 2009.

]]>
Thu, 22 Jan 2009 00:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/143741/diamonex-requests-trading-halt-0704.html
<![CDATA[News - DiamonEx gets govt-guaranteed new loan from Botswana bank to fund company until diamond prices recover ]]> https://www.proactiveinvestors.co.uk/companies/news/143740/diamonex-gets-govt-guaranteed-new-loan-from-botswana-bank-to-fund-company-until-diamond-prices-recover-0455.html believes to be a fair price is achieved.

The financing facility is for an initial ten million pula - around £847,000 - and can be increased and extended with the consent of the government depending on how discussions and negotiations proceed with diamond buyers.

It called results from its first Lerala diamond mine sale ‘disappointing’, and believes the average price of US$20 per carat received for the 10,612 carats sold on October 30
was an aberration, reflecting an abnormally depressed market.

The company strongly believes the supply deficit in world diamond production that currently exists and is expected to continue to increase over the next decade, will ensure that the market for rough and polished diamonds is strong. Short term however, with the global credit crisis, prices will remain uncertain.

DiamonEx said its main market, India, has to a large extent stopped buying rough diamonds. While market sources suggests that Indian buyers will return in the new year, the company has made direct contact with some Indian buyers and arrangements are being made for
viewing of the company's diamonds before Christmas. Discussions will include possible forward off-take commitments for its diamond production in the short to medium term.

For the month of October, 55,000 tonnes of ore were processed against a budget of 50,000, from which 15,500 carats were recovered confirming a grade of 28 carats per hundred tonnes. There is an estimated 15 percent of additional diamonds to be recovered from the
recovery tailings which will be re-processed during Plant stoppages, giving the group confidence that the grade will exceed 30 carats per hundred tonnes.

Separately, it announced the appointment of Mark Gray as the chief executive officer
of DiamonEx Botswana Ltd. He was previously head of corporate development for the group.

]]>
Wed, 26 Nov 2008 00:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/143740/diamonex-gets-govt-guaranteed-new-loan-from-botswana-bank-to-fund-company-until-diamond-prices-recover-0455.html
<![CDATA[News - DiamonEx to raise A$2 million ]]> https://www.proactiveinvestors.co.uk/companies/news/143738/diamonex-to-raise-a2-million-0320.html
The placing will be carried out in two tranches. The first trance will see 5.3 million shares placed tomorrow. The second tranche will be placed, subject to shareholder approval at the Company's AGM on 28 November, 2008.

DiamonEx Chairman Mr Greg King said:

"DiamonEx welcomes this further demonstration of confidence by investors.  In these turbulent times we continue to implement our planned growth strategy as we move into the production phase for the Lerala Diamond Mine project."

DiamonEx also reported that it had commenced the sale of its first parcel of diamonds which has more than 10,000 carats recovered from the commissioning and start up phase of its diamond mine in Botswana.

]]>
Tue, 21 Oct 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143738/diamonex-to-raise-a2-million-0320.html
<![CDATA[News - Diamonex completes commissioning of Lerala Diamond Mine ]]> https://www.proactiveinvestors.co.uk/companies/news/143736/diamonex-completes-commissioning-of-lerala-diamond-mine-0253.html
Diamonex also confirmed that it anticipated selling its first parcel of diamonds in September, only one month later than originally anticipated.

“The Plant has performed well in the commissioning phase with expected teething problems, as well as  minor disruptions”, the company said.  

Managing Director, Dan O'Neill, stated:

"As can be expected we have had to confront a number of issues during the commissioning process.  All the issues to date have been resolved and we are pleased to announce recovery of diamonds has commenced. Commissioning of the Plant is now complete and  the  Company is  now  focused  on ramping  up  to  full production of 200 tonnes per hour  and improving our rate of  diamond recovery".

Separately, Diamonex announced that it had also raised an additional A$3.6 million at A$0.20 per share with two Botswana Institutions. ]]>
Tue, 26 Aug 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143736/diamonex-completes-commissioning-of-lerala-diamond-mine-0253.html
<![CDATA[News - Diamonex still on track for first diamond sale in August ]]> https://www.proactiveinvestors.co.uk/companies/news/143733/diamonex-still-on-track-for-first-diamond-sale-in-august--0225.html
The Company is also preparing for its first diamond sale, now planned for the end of August. Under its mining lease covenants to the Botswana Government DiamonEx must offer its goods to Botswana registered cutters and polishers, the company said.

"The diamond sale will allow DiamonEx's Lerala Mine to join the very small list of producing hard rock diamond mines in the world, a list of less than 20 mines, and also make it the first independently owned producing diamond mine in the Republic of Botswana." said Dan O'Neill, Managing Director of DiamonEx. "Botswana produces up to 30% of the world's rough diamonds by value. All of Botswana's production however, is accounted for by a single entity, a joint venture between the Botswana Government and Debeers, known as Debswana. DiamonEx will be the first independent diamond producer in the world's premium diamond producing region. This is a truly commendable achievement." ]]>
Thu, 24 Jul 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143733/diamonex-still-on-track-for-first-diamond-sale-in-august--0225.html
<![CDATA[News - DiamonEx Director ups stake ]]> https://www.proactiveinvestors.co.uk/companies/news/143731/diamonex-director-ups-stake-0208.html
Diamonex recently raised A$1.52 million through this share purchase plan, the funds raised will be used to ramp up to full production at the Lerala Diamond Mine in Botswana. ]]>
Mon, 14 Jul 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143731/diamonex-director-ups-stake-0208.html
<![CDATA[News - Diamonex to raise AUD4 million from shareholders ]]> https://www.proactiveinvestors.co.uk/companies/news/143727/diamonex-to-raise-aud4-million-from-shareholders-0166.html
Each shareholder will be entitled to subscribe for up to 21,275 shares. Diamonex added that it would cap the maximum raised at A$4 million, and if the fundraising was oversubscribed, it would reduce each individuals allocation. ]]>
Tue, 03 Jun 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143727/diamonex-to-raise-aud4-million-from-shareholders-0166.html
<![CDATA[News - Diamonex eagerly awaiting commencement of production ]]> https://www.proactiveinvestors.co.uk/companies/news/143725/eagerly-awaiting-commencement-of-production-0162.html
Once commissioning is complete, some 30,000 tonnes of ore already stockpiled will be processed allowing for the first diamond sale in July, 2008. At full production, the Lerala Mine is expected to process approximately 100,000 tonnes of ore per month.

Dan O'Neill, Managing Director said the company was eagerly awaiting the commencement of full production. Once in production, Diamonex will be also to lay claim to the title as the only company hard rock diamond producer in Botswana that is not controlled by Debswana, a joint venture between the Botswana Government and Debeers.
]]>
Thu, 29 May 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143725/eagerly-awaiting-commencement-of-production-0162.html
<![CDATA[News - Diamonex expects first diamond sales in July ]]> https://www.proactiveinvestors.co.uk/companies/news/143723/expects-first-diamond-sales-in-july--0137.html
The Company is in the final stages of completing Botswana's newest diamond mine, and confirmed that plant commissioning is underway and production is expected to start in June. The first parcel of diamonds is anticipated to go under the hammer in July. The Lerala diamond mine is expected to produce around 330,000 carats per year for 10 years.

In addition to the mine development update, DiamonEx also added that it was planning to drill 19 additional targets on the company's Jwaneng project area in southern Botswana, and that it had applied for additional prospecting licences in the Orapa and Gope North areas. In the United States, permitting is underway to gain approval to conduct a bulk sample on the 9.3 hectare Sloan kimberlite pipe in Colorado.

Finally, on the financial front, DiamonEx said it expected to draw down the first tranche of its EIB facility in April 2008, with the balance of the facility drawn down over the next few months. ]]>
Mon, 28 Apr 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143723/expects-first-diamond-sales-in-july--0137.html
<![CDATA[News - DiamonEx – Diamonds in Botswana and the US ]]> https://www.proactiveinvestors.co.uk/companies/news/143721/diamonex-diamonds-in-botswana-and-the-us--0132.html
As any single girl will no doubt testify, diamonds are notoriously difficult to find. They are usually located near the surface in resources known as kimberlites or lamproites, and also in alluvial deposits that washed away from these resources. Most diamond mines are based on kimberlites and, according to figures from BHP Billiton, only around 4,000 kimberlites have been identified globally and just 3% of them are economic.

Lerala Diamond Mine, Botswana

DiamonEx acquired its key asset, Lerala, in a tender process in 2002. It’s a kimberlite deposit that was discovered by De Beers a couple of decades ago. De Beers defined a 3 million carat resource in the early 1990s but then decided it was too small for its purposes.

Subsequent testing by DiamonEx has since seen the grades revised upwards and the indicated resource increased to 3.7 million carats at an average grade of 27.41 carats per hundred tonnes. There’s potential for this to be revised even higher. The current figure is based on four pipes to depths of 110m. One of these pipes, K003, could extend as far as 150m. Luckily for DiamonEx, this is also the best of the four, accounting for 2 million carats of the existing resource. A fifth pipe, K006, is not included in the resource and could add a further 80,000 carats or so.

In 2004, DiamonEx listed on the Australian Stock Exchange at A$0.20. A second listing on the Botswana Stock Exchange followed a few months later. Work then began on a feasibility study, which was completed at the end of 2006. This indicated a mine with a 10-year life producing 330,000 carats a year and costing $24m. Adding K006 and the deeper section of K003, neither of which is included in the current resource, could extend the mine life to 15 years.

Construction of the mine began in 2007. After some recent rain delays, production is expected to commence in June 2008. Sales will be conducted ten times a year through WWW International Diamond Consultants Ltd, who also carried out the diamond valuation in the feasibility study. The average price received is expected to be $58 per carat this year suggesting revenues of $19m in the first year increasing to $30m plus with the forecast growth in diamond prices.. The world average per carat is around $70 with the Botswana average around $100. While this is quite low for Botswana and just below the world average, , fortunately Botswana offers excellent infrastructure which keeps operating costs lower than any other diamond regions in the world. In addition, the capital cost of the mine is just $24 million, a fraction of the cost to develop a diamond mine elsewhere, so the return on equity is strong.

Cash costs, including marketing fees and royalties, are expected to be around $11.5 per tonne. The mine plan is forecasting a throughput of 1.32 million tonnes of ore a year, suggesting a total annual cash cost of $13m. After interest costs, the profit margin in the first full year will be around 10% of sales, but both the research analyst and broker covering the stock here in the UK, Edison and Fox Davies, expect diamond prices to increase steadily year on year, relying on forecasts from WWW International Diamond Consultants. The steady growing diamond demand curve matched by a sliding supply curve supports this view which will see DiamonEx’s profit margin grow considerably over the course of the next few years and beyond. They also point out that diamond mines often surprise to the upside, especially if a few large stones are found as these sell for disproportionately higher prices.

DiamonEx has paid for the construction of Lerala with a mixture of equity and debt. A convertible loan of A$10m was raised last year with interest payable of 13% per annum over its four-year life. 10% of the loan can be converted into shares. An eight-year 5m euro debt facility has also been taken out. Despite this, DiamonEx has already flagged that A$2m of additional working capital may be required if completion of the mine is further delayed.

Exploration in Botswana

The cash produced by the Lerala mine should fund DiamonEx’s exploration programme going forward. In Botswana it’s hunting in three areas that are all 100% owned. Although they have been explored before, newer techniques are being applied this time around which is hoped will yield better results.

The Martin’s Drift licences host the Lerala mine and the neighbouring Tswapong region to the east, covering a total of 350 sq km. Soil sampling has been taking place immediately south of the K002 pipe and results are expected sometime in the second quarter of this year.

Tuli is a much larger block, covering 12,354 sq km to the north and east of Lerala. Diamonds have been recovered here since the 1950s in bulk stream samples. Spectral imaging surveys have been carried out and DiamonEx is currently compiling results from the subsequent surface samples.

The final area of interest in Botswana is Jwaneng, a 3,015 sq km block in the south of the country, where around 20 targets are being followed up by surface sampling in the second quarter of this year. This district also hosts the Jwaneng mine, which produces 15 million carats a year and is the world’s largest diamond mine measured by the dollar value of its output. Not a bad neighbour to have.

Exploration in the US

DiamonEx fourth exploration area is Sloan in north Colorado. It was acquired by DiamonEx in November 2007 and there is a five-year option to evaluate two pipes that cover 9.3 hectares. No JORC resource is available but, based on drilling by previous companies, the tonnage could be double that of Lerala at half the grade and is still open at depth. The value per carat, however, has been estimated at $150. Putting this all together means total revenues over the life of any mine could be more than double that of Lerala.

A bulk sampling programme for the two pipes at Sloan should begin “as soon as weather conditions permit” with the aim of getting a parcel of over 3,000 carats for evaluation. All going well, a drill program would then follow to define a resource. In addition to Sloan, other targets have also been identified in the area and a drilling programme covering seven of them is expected to start shortly.

DiamonEx’s next quarterly update is due at the end of April. As well as news on Lerala there should be progress reports on all of its key prospects. The company intends to get one further exploration project to production within the next three years. For the moment, the smart money looks to be on the considerable upside potential of Sloan, or of course acquisition.



]]>
Tue, 15 Apr 2008 00:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/143721/diamonex-diamonds-in-botswana-and-the-us--0132.html