Sayona Mining touted its Authier lithium project in Canada after receiving a positive definitive feasibility study released Monday.
Australian-based Sayona Mining says if the project becomes a mine, it could create 150 construction jobs and 160 positions for operators.
Other highlights of the DFS were the following:
• Pre-tax NPV of C$184.8 million and IRR 33.7% (real terms at 8% discount rate)
• Annual average concentrate production of 87,400 tonnes at 6% Li2O
• Average annual revenue of C$80 million
• Mine gate cash costs of C$416/t and FOB Port cash costs of C$482/t (US$366/t)
• Initial capital expenditure of C$89.9 million
• Updated Ore Reserve of 12.10 Mt @ 1.00% Li2O (Proven Reserve 6.10Mt @ 0.99% Li2O and Probable Reserve 6.00 Mt @ 1.02% Li2O) delivers a mine life of 18 years.
The Authier project is 45 kilometres southeast of Val d’Or.
To drive the project forward, the company hired a new vice president of corporate affairs, Alexis Segal. Segal previously worked at Rio Tinto in largely the same role. Sayona announced Segal’s hiring yesterday.
Source: Mining.com
