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Sayona Mining produces first lithium concentrate at its flagship operation in Quebec

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(Kitco News) - Emerging lithium producer Sayona Mining (ASX: SYA) (OTCQB: SYAXF) yesterday announced it has successfully produced the first spodumene (lithium) concentrate at its flagship North American Lithium (NAL) operation in Quebec, Canada, marking another milestone in NAL's restart.

In a statement, the company said that approximately 70 tonnes of lithium concentrate was produced and that commissioning is proceeding as per plan, with the first saleable concentrate to be produced shortly.

"NAL's restart is proceeding on schedule and within budget, amid intensifying demand for the key battery metal from North America's fast‐growing EV and battery industry," the company said.

Importantly, Sayona noted that the NAL operation will represent the most significant source of hard rock lithium production in North America, boosting Quebec's plans for the development of a local battery sector, from mining to manufacturing.

Managing Director Brett Lynch commented, "This is another great achievement for the team at NAL. I extend my thanks to everyone concerned for progressing the NAL restart on time and on budget – something few others have achieved in recent times amid escalating cost and supply chain pressures.

"These are exciting times with the first saleable lithium concentrate to be produced soon, marking the next step in Sayona's evolution towards becoming a leading hard rock lithium producer."

Sayona also announced that a large-scale drilling program of over 50,000m is planned with Jourdan Resources at NAL and Jourdan's adjacent Vallée Lithium Project (earn‐in claims).

"New drilling program is one of the largest in Quebec in 2023, targeting defining larger resource base capable of supplying more tonnes and enhanced material quality to NAL concentrator," it added.

Sayona Mining is an emerging 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.

The company 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.

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