Sayona Mining Limited (ASX: SYA) –


January 21, 2018
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Sayona Mining Limited (ASX: SYA, “Sayona” or “the Company”) has made solid progress on all fronts since our July, 2017 initiation report. We have updated our valuation for Sayona, with this resulting in a base case risked Company valuation of A$194 million, or A$0.102/share, up 15% from our previous valuation of A$0.088/ share. The share structure has been diluted for a conceptual funding model for Authier. We would expect this valuation to increase with ongoing project de-risking.