General Discussion Topics, page-15300

Here's the action , no announcement though...

from August 6th announcement:

Sayona confirmed exploration at its “highly prospective” Mallina lithium site will begin. This comes after earn-in partner Altura Mining completed its due diligence on all of Sayona’s Pilbara projects.

In addition, the company explained Altura will invest $1.5 million “on exploration within three years to earn a 51% interest”.

Under the agreement, exploration efforts will initially prioritise the Mallina site. The company said “intercepts of up to 5m wide, grading 1–2% Li2O” were observed back in 2017.

The move strategically aligns with WA’s heightened lithium demand. The state has already laid claim to the world’s largest spodumene miner, according to Sayona. Spodumene is a mineral that contains a source of lithium.

Sayona explains that Macquarie Group Ltd (ASX: MQG) analysts “(are) predicting (spodumene) prices will rise by 30% through to 2025 due to lack of a third party”. It states “other analysts” predict similar outcomes.

IMO