Sayona Mining Limited (ASX:SYA) acquired E80/4511 at The East Kimberley Project, Western Australia from Western Iron Pty Ltd for AUD 0.2 million on January 14, 2016. As per the terms of the agreement, Western Iron Ore Pty Ltd is entitled to receive a 1% gross production royalty and retains a back-in right to the nickel, copper and iron mineralization by the payment of AUD 0.1 million within 12 months.

Sayona Mining Limited (ASX:SYA) completed the acquisition of E80/4511 at The East Kimberley Project, Western Australia from Western Iron Pty Ltd on January 14, 2016.