Sign up Australia
Proactive Investors - Run By Investors For Investors

Sayona Mining has potential to supply lithium-ion battery industry

Authier is located in an infrastructure rich region of Canada.
Sayona Mining has potential to supply lithium-ion battery industry
On-site at Authier

Sayona Mining Ltd (ASX:SYA) has revealed positive results of a downstream processing Concept Study for the production of lithium carbonate and/or lithium hydroxide at the Authier lithium project in Quebec, Canada.

The Concept Study demonstrates that the Authier downstream project has the potential to be competitive on both capital and operating costs compared to benchmarked projects.

The study therefore confirms the opportunity to unlock value at Authier processing concentrates into high-value products used in the lithium-ion battery industry.

Adding further interest is the potential to partly finance downstream operations by the sale of spodumene concentrate in the early years whilst the permitting and downstream feasibility study are completed.

Sayona believes Authier is one of the most advanced new hard-rock spodumene development projects in the world.

Corey Nolan, chief executive officer, commented:

"The positive results from the Concept Study signals a new phase of value creation for the Authier project.

"In the short term, the company is committed to developing a low capital expenditure concentrate sales operation and capitalising on the projected high price environment for concentrates near term.

"The cash flows could then be applied to funding the equity required to construct the downstream processing plant.

"This would unlock the inherent value in the project at a time when lithium carbonate/hydroxide prices are trading near at all time price highs based on the strong demand growth for lithium-ion batteries."

Details on the study

The study evaluated the option of converting Authier’s annual spodumene concentrate into either 13,000 tonnes of lithium carbonate or 14,000 tonnes of lithium hydroxide, utilising conventional processing technology.

Sayona can then leverage off the surrounding world-class infrastructure, low energy and reagent costs.

Lithium carbonate and hydroxide are both high-value products used in the lithium-ion battery industry.

Next steps for Sayona

The next step in the project development plan is to convert Authier concentrates into lithium carbonate, complete of a Pre-Feasibility Study, permitting and site selection.

This process will run in parallel with the completion of the mining and concentrate processing Definitive Feasibility Study, and strategic partnering process.

READ NOW: Sayona Mining's successful lithium testwork

View full SYA profile View Profile

Sayona Mining Ltd Timeline

Related Articles

1511183786_Lithium-drill-core---Cinovec.jpg
Tue
European Metals Holdings is rapidly moving forward with Europe's largest and most significant lithium project
picture of wire
July 17 2017
The company has two core projects: T3 in Botswana and Kemco and a lead-zinc-silver project in Thailand
Mustang Resources' Christiaan Jordaan with investors at Proactive's CEO Sessions
October 06 2017
Christiaan Jordaan discussed rubies with investors at Proactive's CEO Session in Melbourne.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use