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Sayona Mining Limited (SYA) Report Analysis

Corporate Events

Positive

Sayona Mining Limited Announces Plans to Commen...

2022-06-28 04:31:00

Sayona Mining Limited has cemented plans to commence North American spodumene (lithium) production in 2023 following the formal agreement of t...

Positive

Sayona Mining Limited Announces New Lithium Dis...

2022-06-26 23:13:00

Emerging lithium producer Sayona Mining Limited has further strengthened its emerging northern Québec lithium hub, following the discovery of ...

Negative

Sayona Mining Limited has completed a Follow-on...

2022-06-02 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 189.793142 million. Security Name: Ordinary Shares Se...

Neutral

Vertical Events, RIU Investment Showcase Confer...

2022-05-31 17:27:00

Vertical Events, RIU Investment Showcase Conference 2022, Jun 22, 2022 through Jun 24, 2022. Venue: Gold Coast, Queensland, Australia.

Neutral

Sayona Mining Limited Presents at RIU Investmen...

2022-05-31 17:27:00

Sayona Mining Limited Presents at RIU Investment Showcase Conference 2022, Jun-22-2022 12:00 PM. Venue: Gold Coast, Queensland, Australia. Spe...

Positive

Sayona Mining Limited Completes AUD 190 Million...

2022-05-31 11:45:00

Electric Royalties Ltd. announced that Sayona Mining Limited has completed a AUD 190 million institutional placement to fund the restart of sp...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2022-05-27 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 189.793142 million. Security Name: Ordinary Shares Securi...

Positive

Sayona Mining Limited Announces A Positive Pref...

2022-05-23 02:51:00

Sayona Mining Limited announced a positive prefeasibility study (PFS) for its flagship North American Lithium (NAL) Project in Québec, Canada,...

Positive

Sayona Mining Limited Announces A New Lithium P...

2022-04-28 10:50:00

Sayona Mining Limited recently reported the discovery of a new southern lithium pegmatite zone at the Moblan Lithium Project in Québec. Assay ...

Positive

Sayona Mining Limited Receives Positive Drillin...

2022-04-25 23:30:00

Sayona Mining Limited has received positive drilling results from its Moblan Lithium Project in northern Québec, with the discovery of a new s...

Negative

Sayona Mining Limited has completed a Follow-on...

2022-04-13 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.37371 million. Security Name: Ordinary Shares Secur...

Positive

Sayona Mining Limited Receives Further Confirma...

2022-04-03 23:32:00

Sayona Mining Limited has received further confirmation of the quality of its Authier spodumene product, following successful testing by leadi...

Neutral

Sayona Mining Limited Presents at Quebec Critic...

2022-03-24 02:53:00

Sayona Mining Limited Presents at Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar-31-2022 09:30 AM. Speakers: Bret...

Neutral

Virtual Investor Conferences, Quebec Critical M...

2022-03-23 17:45:00

Virtual Investor Conferences, Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar 30, 2022 through Mar 31, 2022.

Negative

Sayona Mining Limited has completed a Follow-on...

2022-01-27 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.065734 million. Security Name: Ordinary Shares Secu...

Neutral

Sayona Mining Limited, Annual General Meeting, ...

2021-12-24 05:06:00

Sayona Mining Limited, Annual General Meeting, Jan 28, 2022, at 10:01 E. Australia Standard Time. Agenda: To consider adoption of remuneration...

Neutral

Sayona Mining Limited - Shareholder/Analyst Call

2021-12-24 05:06:00

Sayona Mining Limited - Shareholder/Analyst Call

Positive

Sayona Mining Limited Launches Major New Drilli...

2021-12-20 22:38:00

Sayona Mining Limited is launching a major new drilling program in partnership with SOQUEM Inc. at the Moblan Lithium Project in Northern Québ...

Positive

Sayona Mining Limited Announces Drilling Result...

2021-11-30 22:50:00

Sayona Mining Limited announced that it has completed a new drilling program at its Authier Lithium Project, with the results further strength...

Negative

Sayona Mining Limited has completed a Follow-on...

2021-10-25 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 25.479072 million. Security Name: Ordinary Shares Sec...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-10-19 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295807 million. Security Name: Ordinary Shares Security...

Positive

Sayona Mining Limited (ASX:SYA) acquired a 60% ...

2021-10-18 00:00:00

Sayona Mining Limited (ASX:SYA) acquired a 60% stake in Moblan Lithium Project in Northern Quebec from GUO AO Lithium Ltd. for $86.5 million o...

Positive

Sayona Mining Limited Eyes Resource Expansion a...

2021-10-17 22:23:00

Sayona Mining Limited successfully closing on 15 October 2021 (Montreal time) its USD 86.5 million acquisition of a 60% stake in the Moblan Li...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-10-04 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 25.479072 million. Security Name: Ordinary Shares Securit...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-10-04 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 99.973195 million. Security Name: Ordinary Shares Securit...

Negative

Sayona Mining Limited has completed a Follow-on...

2021-10-04 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100 million. Security Name: Ordinary Shares Security ...

Positive

Sayona Mining Limited, 0.9982, Rights Issue, Oc...

2021-10-04 00:00:00

Sayona Mining Limited, 0.9982, Rights Issue, Oct-06-2021

Positive

Sayona Mining Limited(ASX:SYA) added to S&P/ASX...

2021-09-20 00:00:00

Sayona Mining Limited(ASX:SYA) added to S&P/ASX Emerging Companies Index

Negative

Sayona Mining Limited has completed a Follow-on...

2021-08-26 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.589137 million. Security Name: Ordinary Shares Secu...

Negative

Sayona Mining Limited has completed a Follow-on...

2021-08-26 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.259631 million. Security Name: Ordinary Shares Secu...

Negative

Sayona Mining Limited has completed a Follow-on...

2021-08-23 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 20.000019 million. Security Name: Ordinary Shares Sec...

Neutral

Sayona Mining Limited - Shareholder/Analyst Call

2021-08-12 08:08:00

EGM

Positive

Sayona Mining Limited Announces Exploration Boo...

2021-08-05 23:05:00

Sayona Mining Limited announced that it is advancing its Western Australian exploration assets, amid rising global demand for lithium from the...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-07-20 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.589137 million. Security Name: Ordinary Shares Security...

Negative

Sayona Mining Limited has completed a Follow-on...

2021-07-19 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 45 million. Security Name: Ordinary Shares Security T...

Neutral

Sayona Mining Limited, Special/Extraordinary Sh...

2021-07-16 07:35:00

Sayona Mining Limited, Special/Extraordinary Shareholders Meeting, Aug 17, 2021, at 10:01 E. Australia Standard Time. Location: Suite 68, 283 ...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-07-12 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million. Security Name: Ordinary Shares Security Type:...

Negative

Sayona Mining Limited has filed a Follow-on Equ...

2021-07-12 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: Ordinary Shares Security Type: ...

Positive

Sayona Mining Limited Achieves Another Mileston...

2021-07-06 23:51:00

Sayona Mining Limited has achieved another milestone in advancing downstream processing in Québec, following confirmation that spodumene from ...

Positive

Sayona Mining Limited Announces Plans to Commence North American Spodumene (Lithium) Production in 2023

2022-06-28 04:31:00

Sayona Mining Limited has cemented plans to commence North American spodumene (lithium) production in 2023 following the formal agreement of the North American Lithium (NAL) restart program. The Sayona Quebec Inc. (SYQ) board has formally authorised the restart of spodumene concentrate production at the NAL operation in Québec, requiring significant plant and infrastructure upgrades, aimed at improving product quality, recovery, and plant availability. SYQ is owned 75% by Sayona Mining and 25% by Piedmont. The proposed upgrade and restart budget is approximately CAD 98 million (approx AUD 110 million). Sayona has made significant steps to expedite the production restart, having recruited key personnel, secured critical long lead equipment items, progressed detailed engineering design work and obtained nearly all required regulatory approvals. The NAL concentrator commissioning is on track, with first production due in First Quarter 2023. The NAL restart project has been funded through cash contributions by both Sayona and Piedmont, each company having successfully completed significant capital raises in the first half of 2022. Following the restart of NAL operations, the offtake agreement with Piedmont entitles it to purchase the greater of 113,000 metric tons per year of spodumene concentrate, or 50% of production from NAL. Prior to the NAL restart, the agreement provided for offtake of 60,000 tonnes or 50% of concentrate produced from ore mined at SYQ's nearby Authier Lithium Project. This offtake agreement will remain in place until the commencement of operation of a lithium conversion plant in Québec. At this point, spodumene concentrate produced from NAL will be preferentially delivered to that chemical plant upon the start of production. Any remaining concentrate not required by the conversion plant will be delivered to Piedmont. As per the Company's agreement with the Québec Government, Sayona is committed to the development of a downstream processing capability in Québec, comprising lithium carbonate and/or lithium hydroxide production.

Positive

Sayona Mining Limited Announces New Lithium Discoveries Strengthen Moblan Potential

2022-06-26 23:13:00

Emerging lithium producer Sayona Mining Limited has further strengthened its emerging northern Québec lithium hub, following the discovery of multiple new mineralised lithium pegmatites in the latest drilling at its emerging Moblan Project (Sayona 60%; SOQUEM Inc. 40%). A 35 hole, 4,683m winter diamond drill program obtained grades of up to 2% lithium oxide (Li2O), showing the project's potential in a region that hosts established, worldclass lithium resources. The drilling has shown that spodumene pegmatites are more significantly developed at depth than can be recognised at surface, indicating the potential for the discovery of multiple pegmatite clusters. Drilling is continuing, with three diamond rigs currently on site and a new 20,000m drill program underway. The recent drilling at the Moblan South, South East Extension, Moleon and extensions to the Main Dyke Moblan lithium deposit returned mineralised spodumene pegmatites. Results from the Moblan South Discovery area included 23.4m @ 1.69% Li2O from 17.6m and 27.1m @ 1.5% Li2O from 53.1m in 133122134. These complement the shallow mineralisation announced on 26 April 2022 (where 133122135 returned 35m @ 1.62 Li2O % from 27.6m and 27.2m @ 1.53 Li2O % from 22m in hole 133122136). The Moblan South Discovery is located some 200m south of the main Moblan deposit. It is a new and distinct spodumene pegmatite zone, open in all directions, as displayed in cross section 506700E. The geology and mineralogy are very similar in drill holes with spodumene occurrences throughout the pegmatite and high lithium grades up to 4.02% Li2O over 1.5m in DDH22136. The lithium assay content is consistent with the variation of spodumene logged in drill core. Extensional drilling on the main Moblan dyke has successfully extended the known mineralisation, including high grade mineralisation such as 32.1m @ 2.00% Li2O from 94.1m in DDH22152. The drill results demonstrate the continuity and the potential for extension of the Main Dyke down dip. Currently, the Main Dyke has a strike extent of over 1500m, averaging 3040m in thickness to a vertical depth of approximately 150m. Mineralization remains open at depth and to the east. Recent results showed that the western Main Dyke area has been faulted and drilling in the current summer campaign will test for the displaced western end of the Main Dyke. The Moleon prospect is located approximately 1km east of the Moblan deposit. Two main dykes, oriented northsouth were intercepted in 133122150B with results including 14m @ 1.93% Li2O from 63.3m and 25.6m @ 1.84% Li2O from 85.2m downhole. Results from all of the holes at the Moleon sector have been encouraging, identifying more substantial mineralisation at depth than recognised at surface. The large number of pegmatite occurrences at surface which remain untested indicate the high potential for further discoveries as well as the benefit from drilling out the newly identified mineralisation. Drilling at the South East Extension zone returned multiple spodumene pegmatite dykes, with intersections in DDH22153 and 133122154 varying between 3.0m and 18.5m in width and with grades up to 1.67% Li2O. Only two drill holes have been completed at the South East prospect during the 2022 winter program, but the very encouraging grade and thickness of the mineralised dykes indicates the area remains largely underexplored. The area will require more drilling to better understand the geometry and the relationship between the different mineralised spodumene pegmatites dykes, as well as assessing to determine if the system links up with the South Discovery area to the west.

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 189.793142 million.

2022-06-02 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 189.793142 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,054,406,346 Price\Range: AUD 0.18 Discount Per Security: AUD 0.0072 Transaction Features: Subsequent Direct Listing

Neutral

Vertical Events, RIU Investment Showcase Conference 2022, Jun 22, 2022 through Jun 24, 2022

2022-05-31 17:27:00

Vertical Events, RIU Investment Showcase Conference 2022, Jun 22, 2022 through Jun 24, 2022. Venue: Gold Coast, Queensland, Australia.

Neutral

Sayona Mining Limited Presents at RIU Investment Showcase Conference 2022, Jun-22-2022 12:00 PM

2022-05-31 17:27:00

Sayona Mining Limited Presents at RIU Investment Showcase Conference 2022, Jun-22-2022 12:00 PM. Venue: Gold Coast, Queensland, Australia. Speakers: Brett Laurence Lynch, CEO, MD & Director.

Positive

Sayona Mining Limited Completes AUD 190 Million Institutional Placement to Fund the Restart of Spodumene Concentrate Production at its North American Lithium Operation in Québec, Canada

2022-05-31 11:45:00

Electric Royalties Ltd. announced that Sayona Mining Limited has completed a AUD 190 million institutional placement to fund the restart of spodumene concentrate production at Sayona's North American Lithium ("NAL") operation in Québec, Canada (Sayona 75%; Piedmont Lithium 25%) and broader development initiatives, including AUD 35 million earmarked for Authier development activities. As part of its plans to create a lithium mining hub in the Abitibi region of Québec, Sayona aims to restore operations at NAL and integrate it with its wholly owned Authier Project. The restart of the NAL operation would allow Sayona to launch production ahead of other North American projects.

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 189.793142 million.

2022-05-27 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 189.793142 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,054,406,346 Price\Range: AUD 0.18 Discount Per Security: AUD 0.0072 Transaction Features: Subsequent Direct Listing

Positive

Sayona Mining Limited Announces A Positive Prefeasibility Study (PFS) for its Flagship North American Lithium (NAL) Project in Québec, Canada

2022-05-23 02:51:00

Sayona Mining Limited announced a positive prefeasibility study (PFS) for its flagship North American Lithium (NAL) Project in Québec, Canada, confirming the NAL operation's technical and financial viability. The PFS was conducted by Sayona Mining's Canadian subsidiary, Sayona Québec, which is owned by Sayona Mining and Piedmont Lithium. Forming the key part of Sayona's Abitibi lithium hub comprising NAL and the nearby Authier Lithium Project, the restored NAL operation and the Authier deposit, together with the Company's emerging northern Québec hub, comprise North America's largest lithium (spodumene) resource base. This will allow Sayona to launch production ahead of other North American projects, generating sustainable cash flows and putting the Company on a fast track to go downstream into valueadded lithium hydroxide or carbonate production. Québec is rapidly emerging as a leader in the battery sector, benefitting from its clean and sustainable hydropower, worldclass infrastructure and proximity to market. At NAL, the overriding development objective is for the restart of production, with the benefit of supplementary ore feed from Sayona Québec's (SYQ) wholly owned Authier Lithium Project, located just 30 km from the NAL site. Initially, NAL will produce a lithium concentrate for general market conversion, however NAL will become a primary feed source for SYQ's integrated downstream refined lithium products. Key outcomes of the PFS include an estimated pretax NPV of CAD 952 million (AUD 1.05 billion as at 23 May 2022) (8% discount rate), a pretax IRR of 140% and capital payback period within two years. The life of mine has been extended to 27 years, based on an estimated JORC Proved and Probable Ore Reserves of 29.2 Mt @ 0.96% Li2O (Proved Reserve 1.2Mt @ 0.92% Li2O and Probable Reserve 28.0Mt @ 0.96% Li2O). The above includes conservative allowances for non (or low) mineralised diluted material from the upper and lower contact of the pegmatite /mining horizon. Sayona will implement a ROM (runofmine) ore stockpile management system whereby diluted material, lower grade ore and highergrade feed will be segregated and managed via a stockpile management plan to ensure consistent feed to the plant. This will allow for production campaigns of similar material, providing the concentrate plant sufficient feed stock to maximise product recovery and grade. The PFS has assessed strategic options for development, determined an economic open pit mine operation, production schedule and site layout for the preferred option. All works completed to date form the basis for progressing to a Definitive Feasibility Study (DFS), with a further refined overall accuracy of +/15%. Sayona plans to further tighten the overall accuracy via completion of the DFS, expected later in 2022. The JORC Code 2012 Edition prescribes that a PreFeasibility Study (PFS) is a lower level of confidence than a Definitive Feasibility Study (DFS), however would normally contain mining, infrastructure and process designs completed with sufficient rigour to serve as the basis for an investment decision or to support progression of project financing. The PFS has been completed by independent consultants BBA to an accuracy of +/30%, with contributions from a number of leading industry service providers. The Ore Reserve Estimate has been estimated by Ms Mélissa Jarry, P.Eng.

Positive

Sayona Mining Limited Announces A New Lithium Pegmatite Discovery At Moblan in Quebec

2022-04-28 10:50:00

Sayona Mining Limited recently reported the discovery of a new southern lithium pegmatite zone at the Moblan Lithium Project in Québec. Assay results from two holes at the newly defined Moblan South Discovery have identified lithium mineralization at shallow depth, approximately 200m south of the main Moblan deposit. Results include 5m @ 1.85% Li2O from 3.5m and 35m @ 1.62% Li2O from 27.6m in hole DDH135 as well as 6.6m @ 1.69% Li2O from 2.1m and 27.2m @ 1.53% Li2O from 22.0m in hole DDH136. Additional drill hole results are pending.

Positive

Sayona Mining Limited Receives Positive Drilling Results from its Moblan Lithium Project in Northern Québec

2022-04-25 23:30:00

Sayona Mining Limited has received positive drilling results from its Moblan Lithium Project in northern Québec, with the discovery of a new southern lithium pegmatite zone near the main Moblan deposit. Sayona has a 60% interest in this area. Assay results from two holes, completed at the newly defined Moblan South Discovery, have identified lithium mineralisation at shallow depth, located some 200m south of the main Moblan deposit. Results include 5m @ 1.85% Li2O from 3.5m and 35m @ 1.62% Li2O from 27.6m in hole DDH135 together with 6.6m @ 1.69% Li2O from 2.1m and 27.2m @ 1.53% Li2O from 22.0m hole DDH136. The Moblan South Discovery is a new and distinct spodumene pegmatite zone, open in all directions. The drill holes form part of a 35 hole, 4,683m diamond drill program recently completed at Moblan. Assay results for other drill holes are pending, with a followup drilling program planned as soon as possible. The geology and mineralogy are very similar in both holes, with spodumene occurrences throughout the pegmatite and high lithium grades up to 4.02% Li2O. The lithium assay content is consistent with the local variations of spodumene logged in core. The Moblan South discovery is located approximately 200m south of the Moblan deposit. The Moblan project is located about 100km north of the town of Chibougamau and approximately 85km from the Cree (First Nations) community of Mistissini. The project is accessible yearround via the Route du Nord and its proximity to Chibougamau and Mistissini with their available infrastructure makes it an ideal location for exploring and mining deposits of industrial energy minerals. Sayona is committed to engaging local communities as the project progresses, including First Nations and other local community members, consistent with its stakeholder engagement approach. The positive results from Moblan follow Sayona's recently announced doubling of its JORC compliant lithium resource base for its North American Lithium and Authier Lithium Projects, with a total JORC combined Measured, Indicated and Inferred Mineral Resource of 119.1 million tonnes @ 1.05% Li2O. In January 2022, Sayona expanded its northern hub with the acquisition of 121 new claims, the Lac Albert Project, located west of Moblan and spanning more than 6,500 ha. Analysts Benchmark Mineral Intelligence have reported that the total amount of proposed and existing lithiumion capacity has more than doubled since the beginning of 2021 to over 6 terawatt hours, with lithium supply described by Tesla founder Elon Musk as the "limiting factor" for electric vehicle adoption globally. As of 24 April, Benchmark's lithium price index was up 487% yearonyear, with its carbonate index up 465% and its hydroxide index up 526%.

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.37371 million.

2022-04-13 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.37371 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 22,631,142 Price\Range: AUD 0.0607 Transaction Features: Subsequent Direct Listing

Positive

Sayona Mining Limited Receives Further Confirmation of the Quality of Its Authier Spodumene Product

2022-04-03 23:32:00

Sayona Mining Limited has received further confirmation of the quality of its Authier spodumene product, following successful testing by leading lithiumion battery innovator NOVONIX at its Battery Technology Solutions laboratories in Nova Scotia, Canada. A sample of lithium hydroxide made by ICS Lithium in Perth using spodumene concentrates from Sayona's Authier Lithium Project in Québec was sent to NOVONIX Battery Technology Solutions, to evaluate its suitability in the most advanced lithiumion battery chemistries. NOVONIX scientists incorporated the sample into a common lithium battery cathode compound precursor (NMC622), which was used to make lithiumion coin halfcells. The results showed the discharge capacity of Sayona's hydroxidebased cathode cells was the same as benchmark cathode cells using currently available commercial lithium hydroxide. The positive results show that the Authier product performs as well as commercially available battery grade lithium hydroxide. The ICS Process is a clean and green solution, which combined with the benefits of Québec's sustainable hydroelectric power provides substantial longterm environmental and competitive advantages. The latest test results follow previous analysis by CSIRO's Mineral Resources laboratories in Perth, Western Australia, which showed Authier spodumene is capable of being processed into exceptionally high purity, 99.99% lithium hydroxide. Test results: The test results supplied by NOVONIX showed the excellent performance of Sayona's samples, with a high lithium concentration and metals such as iron (Fe), copper (Cu) and other heavy metals all below detection limits. Moblan drilling: Meanwhile, drilling continues at Sayona's Moblan Lithium Project in northern Québec, with the drilling program expected to conclude in midApril. Visiting the project, Sayona's Mr. Lynch said the drilling program was proceeding as planned, with results expected to further swell the Company's expanding lithium resource base.

Neutral

Sayona Mining Limited Presents at Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar-31-2022 09:30 AM

2022-03-24 02:53:00

Sayona Mining Limited Presents at Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar-31-2022 09:30 AM. Speakers: Brett Laurence Lynch, CEO, MD & Director.

Neutral

Virtual Investor Conferences, Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar 30, 2022 through Mar 31, 2022

2022-03-23 17:45:00

Virtual Investor Conferences, Quebec Critical Metals and Technology Live Virtual Investor Conference, Mar 30, 2022 through Mar 31, 2022.

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.065734 million.

2022-01-27 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.065734 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,407,392 Price\Range: AUD 0.027305 Transaction Features: Subsequent Direct Listing

Neutral

Sayona Mining Limited, Annual General Meeting, Jan 28, 2022

2021-12-24 05:06:00

Sayona Mining Limited, Annual General Meeting, Jan 28, 2022, at 10:01 E. Australia Standard Time. Agenda: To consider adoption of remuneration report; to consider re-election of Mr. Allan Buckler as a Director; to consider ratification of the issue of shares to Piedmont Lithium Limited; to consider ratification of the issue of shares to Piedmont Lithium Limited; to Approve the issue of shares to Exiro Mineral Corporation; to consider increase in Non-Executive Director Remuneration; and to consider other matters.

Neutral

Sayona Mining Limited - Shareholder/Analyst Call

2021-12-24 05:06:00

Sayona Mining Limited - Shareholder/Analyst Call

Positive

Sayona Mining Limited Launches Major New Drilling Program in Partnership with SOQUEM Inc

2021-12-20 22:38:00

Sayona Mining Limited is launching a major new drilling program in partnership with SOQUEM Inc. at the Moblan Lithium Project in Northern Québec, with the aim of further expanding its lithium resource base amid accelerating demand for the key battery metal. The drilling program will commence in February 2022 and will consist of 55 drill holes totalling nearly 9,000 metres. The program is being conducted in partnership with SOQUEM Inc, which holds a 40% stake in the Moblan project, with Sayona holding the remaining 60% interest. SOQUEM will use its in depth knowledge of the project and the region to act as operator. The Moblan project is located about 100km north of the town of Chibougamau and approximately 85 kilometres from the Cree (First Nations) community of Mistissini. The project is accessible yearround via the Route du Nord and its proximity to Chibougamau and Mistissini with their available infrastructure makes it an ideal location for exploring and mining deposits of industrial energy minerals. The program aims to investigate the lateral and shallow extensions of the deposit, which has already been identified over a length of 1.5 kilometres and remains open in all directions. It also aims to test the Moleon areas, as well as several spodumene pegmatite dykes that were investigated during previous prospecting campaigns. Sayona is committed to engaging local communities as the project progresses, including First Nations and other local community members, consistent with its stakeholder engagement approach. Authier drilling: Sayona has developed the leading lithium asset base in North America following its successful acquisitions of NAL and a 60% stake in the Moblan Lithium Project, together with its Authier and Tansim projects. At Authier, recent drilling further enhanced the Company's confidence in the quality and expansion potential of its resource. A 25hole, 3,908m diamond drill program was undertaken with the results of the first 22 holes received. Assay results are expected soon from the additional three holes. Product testing: The purity of the Québec spodumene product has already been confirmed by successful CSIRO tests, which showed Authier spodumene is capable of being processed into 99.99% lithium hydroxide. A portion of these samples were dispatched to Novonix Battery Technology Solutions in Nova Scotia, Canada, for further testing to confirm the product's conformance with commercial battery cells. Testing at Novonix has been delayed due to COVID19 shipping delays and customs clearance issues, however new samples have subsequently been provided from ICS Lithium for retesting in Canada in January. These results are expected to show the product's conformity with lithiumion battery standards and enable performance comparisons in commercial cells suitable for potential offtake partners. WA lithium development: Concerning the Company's Western Australian lithium portfolio, Sayona's earnin partner, Altura Mining (now known as Morella Corporation Limited), has announced the completion of an extensive technical review over the Mallina Lithium Project and the rest of the tenement package related to the earnin in the Pilbara. Drawing upon its geological knowledge and experience in the region, Morella plans to commence drilling at Mallina during the first half of 2022, with the potential to define another key lithium resource. Sayona's Pilbara gold leases are prospective for intrusionrelated gold mineralisation, similar to De Grey Mining's Hemi discovery. Subject to the necessary drilling and heritage approvals, Sayona aims to undertake the first drill testing of these Hemistyle targets in 2022. On the corporate front, Sayona has seen its shareholder base expand enormously over the past year, from approximately 4,600 shareholders in September 2020 to currently around 27,000. The Company's Annual General Meeting is now scheduled for late January 2022 and the Board looks forward to engaging with shareholders on the growth opportunities ahead. Speaking from Québec, Sayona's Mr. Lynch said the outlook was bright for the Company's lithium resource expansion in the Canadian province.

Positive

Sayona Mining Limited Announces Drilling Results of Authier Lithium Project

2021-11-30 22:50:00

Sayona Mining Limited announced that it has completed a new drilling program at its Authier Lithium Project, with the results further strengthening the Company's confidence in the quality of the lithium resource base at the Québec project. A 25hole, 3,908m diamond drill program was undertaken with the results of the first 22 holes received. Drilling was conducted by Les Forages Pikogan, a member of the Algonquin Abitibiwinni community of Pikogan (First Nation Abitibiwinni), demonstrating Sayona's commitment to the First Nations community. Drillhole AL2114, located 250m west of the Authier resource and potential open pit, returned spodumene pegmatites assaying 9m at 1.46% Li2O from 144.9m depth. Three additional holes have been completed to infill this new area of mineralisation, with assay results pending.

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 25.479072 million.

2021-10-25 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 25.479072 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 175,717,738 Price\Range: AUD 0.145 Transaction Features: Regulation S; Rights Offering

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295807 million.

2021-10-19 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295807 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 15,422,695 Price\Range: AUD 0.01918

Positive

Sayona Mining Limited (ASX:SYA) acquired a 60% stake in Moblan Lithium Project in Northern Quebec for $86.5 million from GUO AO Lithium Ltd.

2021-10-18 00:00:00

Sayona Mining Limited (ASX:SYA) acquired a 60% stake in Moblan Lithium Project in Northern Quebec from GUO AO Lithium Ltd. for $86.5 million on October 15, 2021. Sayona Mining Limited (ASX:SYA) completed the acquisition of a 60% stake in Moblan Lithium Project in Northern Quebec from GUO AO Lithium Ltd. on October 15, 2021. Sayona Mining will use proceed of $100 million from placement of 689, 655,173 new fully paid ordinary shares to fund the transaction.

Positive

Sayona Mining Limited Eyes Resource Expansion as Moblan Acquisition Closes

2021-10-17 22:23:00

Sayona Mining Limited successfully closing on 15 October 2021 (Montreal time) its USD 86.5 million acquisition of a 60% stake in the Moblan Lithium Project in Northern Québec. Moblan is 40% owned by SOQUEM Inc., a wholly owned subsidiary of Investissement Québec, which waived its right of first refusal in connection with Sayona's acquisition of the Moblan Interest. The acquisition follows an oversubscribed AUD 100 million Placement to North American and other global institutional investors, demonstrating strong investor confidence in Sayona's Québec expansion amid accelerating lithium demand from North America's EV industry. A NonRenounceable Rights Issue aims to raise an additional AUD 25.5 million at the same offer price as the Placement, ensuring all shareholders have the same opportunity to participate in Sayona's growth. Sayona is planning an additional drilling program at Moblan next year aiming to expand its lithium resource. The Company also will undertake a revised definitive feasibility study targeting an increase in its spodumene production capacity.

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 25.479072 million.

2021-10-04 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 25.479072 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 175,717,738 Price\Range: AUD 0.145 Transaction Features: Regulation S; Rights Offering

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 99.973195 million.

2021-10-04 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 99.973195 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 689,470,310 Price\Range: AUD 0.145 Discount Per Security: AUD 0.00725 Transaction Features: Subsequent Direct Listing

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100 million.

2021-10-04 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 100 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 689,655,173 Price\Range: AUD 0.145 Discount Per Security: AUD 0.00725 Transaction Features: Subsequent Direct Listing

Positive

Sayona Mining Limited, 0.9982, Rights Issue, Oct-06-2021

2021-10-04 00:00:00

Sayona Mining Limited, 0.9982, Rights Issue, Oct-06-2021

Positive

Sayona Mining Limited(ASX:SYA) added to S&P/ASX Emerging Companies Index

2021-09-20 00:00:00

Sayona Mining Limited(ASX:SYA) added to S&P/ASX Emerging Companies Index

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.589137 million.

2021-08-26 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.589137 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 31,942,458 Price\Range: AUD 0.04975 Transaction Features: Subsequent Direct Listing

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.259631 million.

2021-08-26 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.259631 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,907,941 Price\Range: AUD 0.029146 Transaction Features: Subsequent Direct Listing

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 20.000019 million.

2021-08-23 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 20.000019 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 266,666,917 Price\Range: AUD 0.075

Neutral

Sayona Mining Limited - Shareholder/Analyst Call

2021-08-12 08:08:00

EGM

Positive

Sayona Mining Limited Announces Exploration Boost for Pilbara Lithium Assets

2021-08-05 23:05:00

Sayona Mining Limited announced that it is advancing its Western Australian exploration assets, amid rising global demand for lithium from the accelerating EV revolution. Earnin partner, Altura Mining Limited has completed its due diligence and reached agreement to commence the earnin period. The earnin covers a range of lithium tenements in the worldclass Pilgangoora lithium district, including Pilgangoora, Wodgina, Tabba Tabba and Mallina, with Altura to spend AUD 1.5 million on exploration within three years to earn a 51% interest. Exploration will focus initially on the Mallina Lithium Project (E47/2983), where previous drilling in 2017 returned intercepts of up to 5m wide, grading 12% Li2O. Further RC drilling conducted in 2018 delivered similar intercept thickness and grades. The move follows an increasing focus on Western Australia's lithium potential, amid rising prices and growing global demand, with the state already home to the world's largest spodumene mine and other producing miners. Highlights: WA partner, Altura Mining Limited completes due diligence on Pilbara lithium projects, with earnin period commencing; Exploration to begin at highly prospective Mallina Lithium Project, with previous drilling returning intercepts of up to 12% Li2O; and Sayona securing major presence in both AsiaPacific and North American lithium markets, amid rising prices and accelerating global demand.

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.589137 million.

2021-07-20 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.589137 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 31,942,458 Price\Range: AUD 0.04975 Transaction Features: Subsequent Direct Listing

Negative

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 45 million.

2021-07-19 00:00:00

Sayona Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 45 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 600,000,000 Price\Range: AUD 0.075 Transaction Features: Subsequent Direct Listing

Neutral

Sayona Mining Limited, Special/Extraordinary Shareholders Meeting, Aug 17, 2021

2021-07-16 07:35:00

Sayona Mining Limited, Special/Extraordinary Shareholders Meeting, Aug 17, 2021, at 10:01 E. Australia Standard Time. Location: Suite 68, 283 Given Terrace Paddington Queensland Australia Agenda: To consider ratification of the issue of Shares under Tranche 1 of Placement; to consider approval to issue Shares under Tranche 2 of Placement; to consider ratification of the issue of Shares to Piedmont; to consider ratification of the issue of Convertible Note (Tranche C) to Piedmont; to consider ratification of the issue of Convertible Note (Tranche D) to Piedmont; to consider approval to issue shares to Piedmont; to consider ratification of the issue of Options to Jett Capital Advisors LLC; to consider approval to issue Options to Jett Capital Advisors LLC; to consider ratification of the issue of shares to Canning Corp Pty Ltd; and to consider approval to issue shares to Acuity Capital.

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million.

2021-07-12 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 600,000,000 Price\Range: AUD 0.075 Transaction Features: Subsequent Direct Listing

Negative

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

2021-07-12 00:00:00

Sayona Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 66,666,667 Price\Range: AUD 0.075

Positive

Sayona Mining Limited Achieves Another Milestone in Advancing Downstream Processing in Québec

2021-07-06 23:51:00

Sayona Mining Limited has achieved another milestone in advancing downstream processing in Québec, following confirmation that spodumene from the Company's Authier Lithium Project can be refined to produce high purity, 99.99% lithium hydroxide. Spodumene samples from Authier were processed into lithium hydroxide by Australian hydroxide technology provider ICS Lithium, using its sustainable, closed loop refining system. The samples were then analysed at CSIRO's Mineral Resources laboratories in Perth, Western Australia, which confirmed their exceptional purity. One of the world's largest research and development groups, CSIRO's Mineral Resources division provides independent verification and certification services for the materials and infrastructure industries. A portion of the lithium hydroxide sample has been dispatched to Novonix Battery Technology Solutions in Nova Scotia, Canada, to be processed along with other cathodeprecursor materials into NMC622 lithium ion batteries using Novonix's pilot cell line. The Novonix tests will evaluate the sample's conformity with lithiumion battery standards and its performance in commercial cells, highlighting the project's ability to deliver a highpurity product suitable for leading battery cathode makers in North America. Testing at Novonix will continue through the Northern Hemisphere summer, with initial results expected shortly.

Fundamental Summary

Looking at Sayona's financials of Q4 reflected unimpressive, mediocre results. This typically translates into the stock performing on par with market performance for the upcoming quarter. As such, Sayona received an overall score of 71 and a HOLD recommendation.

Sayona reported earnings results for the half year ended December 31, 2021. For the half year, the company reported sales was AUD 108.53 million compared to AUD 0.336223 million a year ago. Net income was AUD 68.35 million compared to net loss of AUD 0.983462 million a year ago.

Business Description

Sayona, together with its subsidiaries, engages in mineral exploration and development in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship project is the Authier Lithium Project located in Quebec, Canada. The company also holds a 60% interest in the Moblan lithium project located in Northern Québec. The company was formerly known as DiamonEx Limited and changed its name to Sayona in May 2013. Sayona was incorporated in 2000 and is headquartered in Paddington, Australia.

Sector Overview

Sayona is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Sayona's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 444.9 1904.9% 74
Liabilities 70.3 6629.4% 78
Price to Book 6.9 745.4% 78
Cash & Equivalents 30.1 6015.4% 64
Equity 316.4 1396.1% 55
EBITDA 95.7 2645.7% 62
Total Revenues 108.8 180016.6% 87
Parameter Value Change Score
Return on Equity 45.5 278.4% 66
Net Cashflow 25.5 2021.5% 68
Capital Expenditure -10.9 -262.3% 76
Asset Turnover 0.5 16817.2% 60
Free Cashflow -0.0 0.7% 69

* All values are TTM

The below chart reflects Sayona's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Sayona's peer average final assessment score stands on 62.0, Sayona's score is 71.

  •  SYA
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Sayona's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Sayona's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 0.18
52W Low 0.06
52W High 0.38
5D MA 0.14
50D MA 0.23
200D MA 0.18
MACD -0.02
RSI 0.13
STOCH 100.0

Balance Sheet Analysis

Sayona appears likely to maintain its strong balance sheet metrics and momentum going forward. Sayona has done an excellent job managing its liabilities. Sayona's liabilities stood at 70.3 in the current filing, which represents a 6629.4% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. Therefore, we rated their liabilities movement with a score of 78. Also, Sayona publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 6.9 and represents a 745.4% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 78. On the other hand, Equity, jumped out as looking problematic. Sayona published concerning equity metrics for this filing. In the current report, equity stood at 316.4, which represents a 1396.1% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 55. Therefore, the company's balance sheet earned a grade of 66.

Parameter Value Change Score
Assets 444.9 1904.9% 74
Liabilities 70.3 6629.4% 78
Price to Book 6.9 745.4% 78
Cash & Equivalents 30.1 6015.4% 64
Equity 316.4 1396.1% 55
* All values are TTM

The below chart describes Sayona's performance as reflected on its balance sheet with respect to its peers. While Sayona received a balance sheet score of 66, the average of its peers stands on 59.0.

  •  SYA
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Sayona appears likely to maintain its strong income statement metrics and momentum going forward. Sayona's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. The company's revenue efficiency, therefore, received a grade of 87. Also, In this filing, Sayona reported a return on equity (ROE) ratio of 45.5, which represents a change of 278.4%. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 66. On the other hand, EBITDA, jumped out as looking problematic. Sayona's EBIDTA now sits at 95.7 and represents 2645.7% change from the last reporting period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 62. Consequently, their income statement earned a rank of 73.

Parameter Value Change Score
EBITDA 95.7 2645.7% 62
Total Revenues 108.8 180016.6% 87
Return on Equity 45.5 278.4% 66
* All values are TTM

The below chart describes Sayona's performance as reflected on its income statement with respect to its peers. While Sayona received a income statement score of 73 , the average of its peers stands on 70.0.

  •  SYA
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in Sayona's recent report: Capex and Free Cash flow. Sayona's management was effective in improving its CapEx, which now sits at -10.9 and represents -262.3% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 76. Also, Free cash flow numbers published by Sayona were -0.0, which was a 0.7% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 69. On the other hand, Asset Turnover, jumped out as looking rather underwhelming. Sayona's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Sayona recorded asset turnover of 0.5, which represents a 16817.2% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. The company's asset turnover metrics seem especially problematic relative to their peers. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 60. Therefore, we scored their cash flow a 68.

Parameter Value Change Score
Net Cashflow 25.5 2021.5% 68
Capital Expenditure -10.9 -262.3% 76
Asset Turnover 0.5 16817.2% 60
Free Cashflow -0.0 0.7% 69
* All values are TTM

The below chart describes Sayona's performance as reflected on its cash flow with respect to its peers. While Sayona received a cash flow score of 68, the average of its peers stands on 65.0.

  •  SYA
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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