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ELEVRA LITHIUM LIMITED — Earnings Release 2024
Aug 29, 2024
64838_rns_2024-08-29_df67ad7f-4312-4b63-bfd1-e2185fb76a54.pdf
Earnings Release
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SAYONA MINING LIMITED ABN 26 091 951 978
APPENDIX 4E
Reporting Period: 1 July 2023 to 30 June 2024 Previous Period: 1 July 2022 to 30 June 2023
Results for Announcement to the Market
| Results for Announcement to the Market | |||
|---|---|---|---|
| 2024 | 2023 | Change | |
| $’000 | $’000 | % | |
| Revenue from ordinaryactivities | 200,873 | - | Up100% |
| Loss from ordinaryactivities after tax attributable to members | (101,398) | (11,048) | Down 818% |
| Loss for theperiod attributable to members | (101,398) | (11,048) | Down 818% |
A commentary on the results for the period is detailed in the Sayona Annual Report for the year ended 30 June 2024.
Dividends
The Directors have determined that no dividends were declared or paid for the year ended 30 June 2024.
Net tangible assets per security
Net tangible assets per ordinary security at the end of each reporting period were as follows:
| Net tangible assets per ordinary security at the end of each reporting period were as follows: | |||
|---|---|---|---|
| 2024 | 2023 | Change | |
| $ | $ | % | |
| Net tangible assetsper ordinarysecurity | 0.08 | 0.09 | Down 11% |
All the disclosure requirements pursuant to ASX Listing Rule 4.3A are contained within the Sayona Annual Report for the year ended 30 June 2024.
Details of associates and joint ventures
The group has interests in the following joint arrangements at 30 June 2024.
| ProjectCountryCounterparty | Ownershipinterest |
|---|---|
| 2024%2023% | |
| Moblan Lithium Project(1)CanadaInvestissement Québec | 6060 |
| Morella Lithium Joint Venture(2)AustraliaMorella Corporation Limited | 4949 |
| Vallée Lithium Project(3)CanadaConsolidated Lithium Metals Inc. | 25- |
(1) The Group has a 60 per cent interest in the Moblan Lithium Project. The project is 40 per cent owned by Investissement Québec.
(2) Morella Corporation Limited satisfied the requirements under the Earn-In Agreement to earn a 51 per cent interest in several Pilbara tenements with lithium rights located in the Pilgangoora district in Western Australia, Australia. The Joint Venture Agreement was executed on 15 July 2024.
(3) On 14 December 2023, North American Lithium Inc. satisfied a requirement under the Earn-In Agreement to earn a 25 per cent interest in the Vallée Lithium Project located in Québec, Canada.
Audit Review
The financial report has been audited by Nexia Brisbane Audit Pty Ltd and an unqualified opinion has been issued.