- Annual production rate of 300ktpa spodumene concentrate over 21-year Life of Mine ("LOM") via open pit mining at rate of 1.8Mtpa, based on Ore Reserves estimate of 34.5Mt at grade of 1.36% Li2O
- Process plant feed rate at 4,800 tonnes per day (tpd); average LOM recovery of 74.7%; spodumene concentrate grade at 6% Li2O
- Post-tax NPV(8%) of
- Cost competitive operating unit cost of
- Low-risk operation to form centrepiece of Sayona's emerging northern lithium hub in
The Project has an estimated post-tax NPV(8%) of
Moblan is a greenfield project situated in the
The Project's key production parameters include a relatively low strip ratio of 2.3:1 (ore versus waste), expected product grade of 6% Li2O, and an estimated operating unit cost comparable with some of the most cost competitive international hard-rock lithium mines currently in production, supporting an extremely robust future for Moblan. Upon receipt of the necessary regulatory approvals, delivery of an appropriate financing package based on securing potential offtake and project partners, the Project is expected to require approximately two years to complete construction.
Sayona's Interim CEO,
"Forming the centrepiece of our northern lithium hub, Moblan has an extremely bright future supplying
"Moblan has an amenable ore body that will deliver product from an integrated process of both dense medium separation (DMS) and floatation circuits supported by ore sorting technology. The offset of delivering such high recoveries is an increase in capital intensity relative to simpler DMS plants. The high expected product recovery will benefit project economics and extend the life of mine.
"The challenging market conditions of recent months highlight the importance of developing Tier 1 lithium projects that are strategically located near existing transport corridors and end markets and that have the potential to deliver high grade lithium concentrate at industry-low and competitive operating costs. Moblan is an exceptional project that meets these criteria and we look forward to applying Sayona's extensive operational expertise to minimise costs and develop the Project as efficiently as possible.
"We are confident that the current lithium market will recover over the medium term and enable Moblan to benefit from the long-term industry fundamentals to become a profitable long-lasting operation for the benefit of all stakeholders.
"Sayona will now look to review the timelines given the current market conditions, and continue to advance the necessary regulatory approvals, seek community support and secure the necessary financing and project partners capable of advancing this Project through to successful production, with the ultimate ambition to integrate Moblan into a regional supply chain for battery materials in
DFS HIGHLIGHTS
The DFS demonstrates a financially and technically viable operation based on estimated JORC Probable Ore Reserves of 34.5Mt at 1.36% Li2O to deliver average annual production of 1.8Mtpa. The financial analysis demonstrates an estimated pre-tax NPV(8%) of
There are no Proven Ore Reserves.
Analysis of the financial model on the key economic assumptions indicates that the Project is robust in terms of operating costs and capex. The Project is most sensitive to changes in commodity prices, exchange rates, product grades and recoveries.
The Project demonstrates robust operational and financial metrics, with the key Project assumptions and outputs shown in the link below*.
https://abnnewswire.net/lnk/2T5Y4SC9
About
Please visit us as at www.sayonamining.com.au
Contact:
James Brown
Executive Director/Interim CEO
Email: info@sayonamining.com.au
Republic PR
Ph: +61 (0)407 112 623
Email: anthony@republicpr.com.au
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