news

NAL produced 30,000 tonnes of lithium concentrate - Sayona

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet 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) - North American lithium producer Sayona Mining (ASX: SYA) (OTCQB: SYAXF) announced today it has achieved a new production milestone at its North American Lithium operation in Québec.

In a statement, the company said that 30,000 tonnes of spodumene (lithium) concentrate produced by North American Lithium (NAL) operation - ahead of schedule - with average concentrate grade 5.5% Li2O.

Sayona added that a stockpile of approximately 26,000 tonnes of spodumene concentrate is being stored at the port, ahead of the first shipment planned for this month.

The company is targeting total NAL spodumene concentrate production of between 85,000 tonnes and 115,000 tonnes during the first half of fiscal 2024.

Currently North America’s only major source of hard rock lithium production, NAL is targeting becoming the region’s only vertically integrated producer by 2026 with a move downstream into lithium carbonate production.

A preliminary technical study released on 21 June 2023 estimated a fully integrated NAL net present value (NPV) of A$5.4 billion (pre-tax), including the NAL DFS estimate of 14 April 2023.

Sayona Mining Limited is a North American lithium producer with projects in Québec, Canada and Western Australia. 

Top uranium producer Kazatomprom launches modernized refinery in Turkestan
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.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.