ELEVRA LITHIUM LIMITED — Major Shareholding Notification 2023

Oct 5, 2023

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme SAYONA MINING LIMITED ACN/ARSN ACN 091 951 978

1. Details of substantial holder

PIEDMONT LITHIUM INC. (ARBN 647 286 360) and PIEDMONT LITHIUM PTY Name LTD(FORMERLY PIEDMONT LITHIUM LIMITED) ( ACN 002 664 495)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 23/11/2022 The previous notice was given to the company on 20/10/2022 The previous notice was dated 20/10/2022

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

cheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
ORDINARY SHARES	1,188,361,315	14.30%	1,249,806,231	12.14%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

llows:
Date of change Person whose relevant	Nature of	Consideration given in	Class and number	Person's votes
interest changed	change (6)	relation to change (7)	of securities	affected
			affected
See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered holder of	Person	Nature of relevant interest (6)	Class and number	Person's votes
relevant	securities	entitled to		of securities
interest		be
		registered
		as holder
		(8)
PIEDMONTLITHIUMINC.	PIEDMONTLITHIUM INC.	PIEDMONTLITHIUMINC.	REGISTERED HOLDER OFSECURITIES	249,423,211ORDINARYSHARES	2.42%
PIEDMONT			REGISTERED HOLDER OF
LITHIUM			SECURITIES AND
PTY LTDANDPIEDMONT	PIEDMONTLITHIUM PTY LTD	PIEDMONTLITHIUMINC.	RELEVANT INTEREST ASCONTROLLER OF PIEDMONTLITHIUM PTY LTD UNDER	1,000,383,020ORDINARYSHARES	9.72%
LITHIUM			s608(3)(b) OF
INC.			CORPORATIONS ACT

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
NOT APPLICABLE

6. Addresses

The addresses of persons named in this form are as follows:

Name			Address
PIEDMONT	LITHIUM	INC.	1209 ORANGE STREET, WILMINGTON, DE 19810, UNITED STATES OFAMERICA
PIEDMONT	LITHIUM	PTY LTD	LEVEL 9, 28 THE ESPLANADE, PERTH WA 6000

Signature

print name KEITH PHILLIPS

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sign here

Capacity DIRECTOR date 5 OCTOBER 2023

Annexure A

Company:  Sayona Mining Limited
Details: This document of 1 page is Annexure A to ASIC Form 604 – Notice of Change
of Interests of Substantial Holder dated 2 October 2023 lodged by Piedmont
Lithium Inc.

Date ofchange	Person whoserelevant interestchanged	Nature of change	Considerationgiven in relation tochange	Class andnumber ofsecuritiesaffected	Person's votesaffected
31/10/2022to07/08/2023	PiedmontLithium PtyLtd andPiedmontLithium Inc.	Dilution due tovarious shareissues by SayonaMining Limited
23/11/2022	PiedmontLithium Inc.	Acquisitionpursuant to aplacement	A$55,282	21,422,594OrdinaryShares	21,422,594
15/12/2022	PiedmontLithium PtyLtd	Transfer of Sharesfrom PiedmontLithium Inc. toPiedmont LithiumPty Ltd	N/A	79,705,861OrdinaryShares	79,705,861
31/03/2023	PiedmontLithium Inc.	Acquisitionpursuant to aplacement	A$151,732	6,590,553OrdinaryShares	6,590,553
07/08/2023	PiedmontLithium Inc.	Acquisitionpursuant to aplacement	A$668,635	33,431,769OrdinaryShares	33,431,769