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Sayona Mining Ltd (ASX:SYA; OTCQB:SYAXF) addressed its shareholders Monday regarding a recent announcement by Wildcat Resources (ASX:WC8) about the Tabba Tabba lithium project in Pilbara, Western Australia. The company stated that key infrastructure outlined in Wildcat’s pre-feasibility study is located on ground covered by tenement E45/2364, over which Sayona holds lithium exploration and development rights.
Sayona confirmed that it has not entered into any agreement or granted any license permitting Wildcat to develop infrastructure on this tenement. The company noted that Wildcat has applied for miscellaneous licenses over E45/2364, but these applications are subject to objections and ongoing Wardens Court proceedings.
Sayona also referenced Wildcat’s statement in its pre-feasibility study that there are “no known impediments” to obtaining a license to operate in the area. Sayona clarified that, due to the ongoing objections and legal proceedings, this statement does not reflect the current status of the tenement.
The company assured shareholders that it will continue its exploration activities and will defend its rights to the tenement. Sayona stated that this clarification is intended to ensure the market is fully informed regarding the status of the Tabba Tabba project.
This information is based on a press release statement included in a recent SEC filing.
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