Annual Report to shareholders
Brisbane, Oct 10, 2019 AEST (ABN Newswire) - Sayona Mining Ltd's (
ASX:SYA) (DML:FRA) (DMNXF:OTCMKTS) Authier Lithium Project (Authier) is a hard rock spodumene lithium deposit scheduled for development as an open cut mine initially producing a 6% Li2O spodumene concentrate, the source of high grade, low contaminant lithium carbonate.
An updated JORC Ore Mineral Resource and Reserve statement, reported in September 2018, has identified a Total Resource of 20.94 million tonnes at 1.01% Li2O, and a Proved Reserve of 12.1 million tonnes at 1.00% Li2O.
The key attraction of the project is its near-term development potential.
The Company has completed a DFS which confirmed the project's potential to become a sustainable and profitable new lithium mine. This was undertaken on the basis of a daily production limit of 2,000 t, as per the previously planned regulatory pathway.
However, the DFS is now being reviewed under a revised regulatory pathway, as announced in March 2019. The new proposed daily production limit of 2,600 t, a 30% increase on the previous limit, will position the project to pursue downstream processing opportunities.
To view the Annual Report, please visit:
https://abnnewswire.net/lnk/G9RLEW7W
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.
| ||
|
