Sayona delivering the lithium goods

We are now seeing the market stand up and take notice of Sayona Mining which continues to deliver on the Authier Lithium Project in Quebec, with recent advances including delivery of a positive updated PFS for the Project. Quebec is a well-regarded mining jurisdiction that ranked 6^th globally in the 2016 Fraser Institute Survey of Mining Companies, with Authier located in an area well served by infrastructure.

Authier is a quality hard rock spodumene lithium project, with the potential for a 15-year life, low cost, near term development – the upgraded PFS returned a pre-tax NPV of C$221 million and an IRR of 56% for an expected up-front capital cost of C$64 million. The Study incorporated the results of metallurgical optimisation work, with this showing that Authier should be able to produce a high quality spodumene concentrate with a grade of at least 6% Li2O and a recovery of +82%.

Resource and reserve upgrades were also included, with the Company now undertaking further drilling, with results to be used for further resource expansion and optimisation, as well as collecting a bulk metallurgical sample for pilot scale test work – we expect steady news flow over coming months as Sayona works towards completing a DFS at Authier, as well as exploring over its prospective Western Australian lithium portfolio.

To read our update report on this active company please follow the link below.