Sayona Mining Limited announced the establishment of two board committees, including a Nomination and Remuneration Committee and an Audit and Risk Committee, and committed to appointing an additional independent non-executive director to the Board by the end of February 2024. Sayona is also committed to appointing an independent Chairman to the Board. The Nomination and Remuneration Committee will be chaired by independent non-executive director, Philip Lucas, with independent non-executive director, Allan Buckler, also appointed.

The Audit and Risk Committee will be chaired by Mr. Lucas, with Mr. Buckler also appointed as a member. Sayona is currently undertaking a search process for a suitably qualified independent director with appropriate financial skills to join the Audit and Risk Committee. This process is expected to be completed before 29 February 2024.

The recruitment of an additional independent director by the end of February 2024 will enable the Company to meet the requirements of Listing Rules 12.7 and 12.8.