Half Year Accounts
Brisbane, Mar 2, 2020 AEST (ABN Newswire) - Sayona Mining Ltd's (
ASX:SYA) (DML:FRA) (DMNXF:OTCMKTS) primary focus is the development of the advanced stage Authier Lithium Project in Quebec, Canada. The Authier Lithium Project is a hard-rock, spodumene lithium deposit. Having undergone 31,000m of drilling across 176 holes, the ore deposit is well understood. The deposit is host to a total mineral resource of 21Mt Li2O @1.01% with 211,000t total contained Li2O.
A revised DFS announced in November 2019 showed a higher NPV compared to the previous study of C$216m compared to C$184.8m based on an initial 13.8-year mine life, with ore feed of 875,000 tpa, extracting 114,000 tpa of Li2O concentrate.
The pre-tax IRR is estimated at 33.9% and payback on capital is 2.7 years. LOM cash operating costs are estimated at C$400 per tonne (mine gate basis) or C$469 per tonne FOB Port of Montreal, based on development capital expenditure of C$120 million.
To view the half year report, please visit:
https://abnnewswire.net/lnk/04K2UU39
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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