Quarterly Activities Report
Brisbane, Jan 31, 2020 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (
ASX:SYA) (DML:FRA) (DMNXF:OTCMKTS) announced its activities report for the December quarter 2019, as it continues to advance its lithium projects in Canada and Australia amid growing demand for the metal of the 21st century.
Quarter Highlights
- Revised Definitive Feasibility Study (DFS) for Authier Lithium Project shows boost to profitability, with estimated net present value (NPV) increasing to C$216 million from previous study's C$184.8m
- Agreement signed with First Nation Abitibiwinni for exploration phase of Authier project as Sayona advances approval process
- Potential for a new lithium deposit at the Viau-Dallaire prospect, located within the Company's Tansim Lithium Project in Quebec
- World class team assembled to support Sayona's bid for North American Lithium (NAL), with leading technical skills, managerial expertise and financial capacity
- Work progressing on WA tenements under earn-in agreement with leading lithium producer, Altura Mining.
To view the quarterly report, please visit:
https://abnnewswire.net/lnk/V0P3JK03
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is North America's largest hard-rock lithium producer with a diversified portfolio of high-quality assets across Quebec Canada, the United States, Ghana and Western Australia.
Our flagship operation, the North American Lithium (NAL) mine in Quebec, Canada has successfully ramped up production of spodumene concentrate, supported by ongoing operational enhancements to increase recovery rates, throughput, and mill utilisation. Following a Mineral Resource upgrade, Elevra completed a Scoping Study for a brownfield expansion to increase NAL's annual spodumene concentrate production and reduce unit operating costs.
Complementing NAL, the Moblan Lithium Project in northern Quebec represents one of the largest undeveloped spodumene resources in North America, with a Mineral Resource of 121 Mt @ 1.19% Li2O.
Development activities are progressing with feasibility studies targeting a large-scale, long-life operation capable of supplying both domestic and international markets.
In Western Australia, Elevra holds an extensive portfolio of lithium and gold tenements, where exploration programs are advancing to unlock additional growth opportunities. Meanwhile, in the United States, our Carolina Lithium Project offers a strategic foothold in the downstream lithium chemicals market and our project in Ghana provides a further option for future growth.
Looking ahead, Elevra is focused on strategic downstream partnerships to enable further value-added lithium production, positioning the Company to deliver a secure, sustainable supply of critical minerals to global customers. Together, these assets establish Elevra as a growth-focused supplier supporting the global energy transition.
| ||
|
