Brisbane, Australia, Mar 2, 2020 - (ABN Newswire) - Sayona Mining Ltd's (ASX:SYA.AX - News) (HAM:DML.HM - News) (OTCMKTS:DMNXF - News) primary focus is the development of the advanced stage Authier Lithium Project in Quebec, Canada. The Authier Lithium Project is a hard-rock, spodumene lithium deposit. Having undergone 31,000m of drilling across 176 holes, the ore deposit is well understood. The deposit is host to a total mineral resource of 21Mt Li2O @1.01% with 211,000t total contained Li2O.
A revised DFS announced in November 2019 showed a higher NPV compared to the previous study of C$216m compared to C$184.8m based on an initial 13.8-year mine life, with ore feed of 875,000 tpa, extracting 114,000 tpa of Li2O concentrate.
The pre-tax IRR is estimated at 33.9% and payback on capital is 2.7 years. LOM cash operating costs are estimated at C$400 per tonne (mine gate basis) or C$469 per tonne FOB Port of Montreal, based on development capital expenditure of C$120 million.
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About Sayona Mining Ltd:
Sayona Mining Limited (ASX:SYA.AX - News) (OTCMKTS:DMNXF - News) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.
Please visit us as at www.sayonamining.com.au
Phone: +61 (7) 3369 7058
Sayona Mining Ltd
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