BUZZ-Australia's Sayona Mining rises as review backs North American Lithium ramp-up plan

Reuters04-04

** Shares of Sayona Mining rise as much as 5.3% to A$0.040, posting their biggest intraday pct gain since March 14

** Stock hits its highest level since March 21

** Lithium producer says operational review supports North American Lithium (NAL) ramp-up plan

** NAL is jointly owned by co and Piedmont Lithium

** JV partners agreed to continue NAL production ramp-up towards steady state production

** Co targets to reduce NAL unit operating cost by end of 2024

** Stock down 46.5% YTD, as of last close

(Reporting by Neha Soni in Bengaluru)

((Neha.Soni@thomsonreuters.com))

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