Australia's Sayona Mining rises as review backs North American Lithium ramp-up plan

Elevra Lithium

04/04/2024 03:33

** Shares of Sayona Mining  SYA.AX  rise as much as 5.3% to
A$0.040, posting their biggest intraday pct gain since March 14
    ** Stock hits its highest level since March 21
    ** Lithium producer says operational review supports North
American Lithium (NAL) ramp-up plan
    ** NAL is jointly owned by co and Piedmont Lithium  PLL.O 
    ** JV partners agreed to continue NAL production ramp-up
towards steady state production
    ** Co targets to reduce NAL unit operating cost by end of
2024 
    ** Stock down 46.5% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))