Authier Lithium Project Fast Tracking Towards Production and Cashflow
Sayona Mining Ltd (Authier Lithium Project
- Located 45km from Val d'Or in Quebec, Montreal (500km SE)
- Located in established mining district
- 100% owned
- Simple deposit -26,000m of drilling
- Environmental studies completed. Permitting advanced
- Well studied -PEA 2012, PFS 2017-DFS underway
Significant Value Adding Potential
1.Increase Production Capacity &/or Resource Size
- Increase plant capacity to sell more concentrates and shorten mine-life to maximise NPV
- Further drilling to expand resource base (Phase 3 underway)
2.Integrated Refinery Model
- Convert concentrates into lithium hydroxide or carbonate
- Scoping study completed -attractive economics -Pre-Tax NPV $795m
- Leverages world-class infrastructure and low energy costs in Quebec
- PFS and metallurgical test work to commence next quarter
- Project site selection underway
Growth Options Funded from Phase 1 Concentrate Sales
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About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
Contact
Sayona Mining LtdT: +61-7-3369-7058
E: info@sayonamining.com.au
WWW: www.sayonamining.com.au
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