NAL producesw 30,000 tonnes of lithium concentrate
North American lithium producer Sayona Mining has announced it 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.
