Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-137

1. Production at or ahead of schedule
2. Production costs slightly elevated, but in line with ramp up.
3. Admin costs in line
4. Cash on hand great.
5. ROM ore very good.

So while others are struggling to ramp up, and have massive blow outs on CAPEX and time lines extended by years. Sayona is going about the business of hitting the targets that are most important.

I think we should give credit where credit is due.

Just a reminder to anyone who was not aware, the Q4 achievements happened at a time where there were over 500 forest fires burning out of control all around them. Val d'ore was evacuated not once but twice, Moblan was shut down and many of the work force were going into work through thick smoke and working in conditions that were less than optimal for breathing. Remember those pics from New York? That was hundreds of miles from the fires and they had an air quality in the unhealthy range, NAL was surrounded by the fires and somehow managed to still put up respectable numbers.


Not sure if any of the workers at NAL read Hot Copper but if you do we certainly appreciate the effort and dedication that you put in during a very stressful and uncertain time.