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Sayona Mining Ltd.
Summary
| Project: | Authier | |
|---|---|---|
| Deposit: | Authier | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 11-11-2019: Sayona Mining Ltd. announces a Feasibility Study report for its Authier deposit at the Authier project. Revised Feasibility Study results incl. NPV of C$216M, IRR of 33.9%. Emerging lithium miner Sayona Mining Limited (ASX: SYA) announced toda | |
| Resources: | (Reserve, P+P): 12.10Mt @ 1.0% Li2O | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Emerging lithium miner Sayona Mining Limited (ASX: SYA) announced today a revised Definitive Feasibility Study (DFS) for its flagship Authier Lithium Project, showing the Québec project’s potential to become a sustainable and profitable new lithium mine with higher returns than previously estimated. The new mine could create up to 176 new jobs for the benefit of the local community in Abitibi, with Sayona putting priority on local employment and suppliers. Significantly, the revised DFS shows an improved net present value (NPV) compared to the DFS released last year (refer ASX announcement 24 September 2018). Sayona sees the project as contributing to the Québec Government’s lithium strategy of developing a complete lithium value chain in the Canadian province, from mining through to downstream processing. Welcoming the new study, Sayona’s Managing Director, Brett Lynch said it provided increased confidence to investors and project partners of the Authier project’s potential to become a highly valuable operation for the benefit of all stakeholders, including First Nations, government and other members of the local community. | |
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