Sigma Lithium says its Greentech plant in Brazil reached record daily peak production
|Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!|
(Kitco News) - Lithium producer Sigma Lithium (NASDAQ: SGML) (TSXV: SGML) announced today that its Greentech plant in Brazil has reached record daily peak production of 890 tonnes, equivalent to annualized production of 320,000 tonnes of Triple Zero Green Lithium at battery grade with 5.5% of lithium oxide.
In a statement, Sigma Lithium said that as planned, the company demonstrates it remains on track to achieve annual 2023 production guidance of 130,000 tonnes of Triple Zero Green Lithium.
The company also noted that it has exceeded the design utilization rate of 85%, running at 88%, adding that Greentech plant’s throughput has evolved to 100% design capacity.
“Achieving these targets demonstrates the excellent performance of the Greentech plant and its tailings dry-stacked circuit in synchronicity with dense medium separation,” it said.
Sigma Lithium also pointed out that its state-of-the-art Greentech plant is the first lithium plant in the world to produce chemical grade lithium concentrate without a tailings dam and with 100% reuse of the water utilized in the processing.
The company is currently producing Triple Zero Green Lithium from its Grota do Cirilo Project in Brazil. Phase 1 of the project is expected to produce 270,000 tonnes of Triple Zero Green Lithium annually (36,700 tonnes of lithium carbonate equivalent (LCE) annually).
If it is determined to proceed after completion of an ongoing feasibility study, Phase 2 & 3 of the project are expected to increase production to 766,000 tonnes annually (or 104,200 tonnes of LCE annually).
|New ball mill arrives at Buckreef gold mine as part of expansion project - TRX Gold|