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Sayona reports standalone lithium carbonate plant NPV of A$3.2B at NAL project in Quebec

Kitco Media
By Vladimir Basov
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(Kitco News) - On Tuesday, Sayona Mining (ASX: SYA) (OTCQB: SYAXF) announced a positive preliminary carbonate technical study for its flagship North American Lithium (NAL) project in Quebec. NAL is owned by Sayona (75%) and Piedmont Lithium (25%).

The company said that the study demonstrates an estimated, pre-tax NPV (8% discount) for the standalone carbonate plant of A$3.2 billion, with a pre-tax IRR of 60%.

Total EBITDA over 16-year project life for standalone carbonate plant amounted to A$7.5B, based on life of plant production of 372,000 tonnes lithium carbonate.

Sayona added that fully integrated pre-tax NAL NPV now exceeding A$5 billion, including NAL DFS.

Based on the positive study, Sayona now plans to commission a definitive technical study for the production of battery-grade lithium carbonate (Li2CO3) from spodumene (lithium) concentrate. Subject to the study’s timing and outcomes, the carbonate plant could be commissioned as early as 2026.

Sayona acquired the NAL assets in 2021 in partnership with Piedmont Lithium. The site includes mining and concentrator facilities, a lithium carbonate process plant, and waste and tailings management facilities.

Managing Director Brett Lynch said, “This study shows the outstanding value we have generated from our strategy of acquiring a brownfields plant with existing assets. With an accelerated pathway to lithium carbonate production, we are rapidly advancing our goal of becoming a fully integrated producer of lithium chemicals.”

Sayona Mining is a North American lithium producer with projects in Quebec 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. 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.

Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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