Australia markets closed
  • ALL ORDS

    6,816.80
    -32.00 (-0.47%)
     
  • ASX 200

    6,601.10
    -35.30 (-0.53%)
     
  • AUD/USD

    0.7390
    +0.0033 (+0.45%)
     
  • OIL

    45.53
    -0.18 (-0.39%)
     
  • GOLD

    1,788.10
    -23.10 (-1.28%)
     
  • BTC-AUD

    24,184.19
    +355.88 (+1.49%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • AUD/EUR

    0.6173
    +0.0000 (+0.01%)
     
  • AUD/NZD

    1.0510
    +0.0007 (+0.07%)
     
  • NZX 50

    12,639.83
    +37.81 (+0.30%)
     
  • NASDAQ

    12,258.21
    +106.00 (+0.87%)
     
  • FTSE

    6,367.58
    +4.65 (+0.07%)
     
  • Dow Jones

    29,910.37
    +37.90 (+0.13%)
     
  • DAX

    13,335.68
    +49.11 (+0.37%)
     
  • Hang Seng

    26,894.68
    +75.23 (+0.28%)
     
  • NIKKEI 225

    26,644.71
    +107.40 (+0.40%)
     

Sayona Mining Ltd (SYA.AX) Collaboration on Clean, Green Lithium Hydroxide Technology

·4-min read
Sayona Mining Ltd
Sayona Mining Ltd

Sayona Mining Ltd (SYA.AX) Collaboration on Clean, Green Lithium Hydroxide Technology

Brisbane, Australia, Oct 28, 2020 - (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (ASX:SYA) (HAM:DML) (OTCMKTS:DMNXF) announced today a collaboration with Australian clean technology provider Integrated Carbon Sequestration Pty Ltd (ICS) over its clean and green lithium hydroxide technology.

Highlights

- Sayona forms collaboration with Australian clean tech provider, Integrated Carbon Sequestration (ICS) over its clean and green lithium hydroxide production technology

- Collaboration to explore refining of spodumene from Sayona's flagship Authier Lithium Project into battery-grade lithium hydroxide, for electric vehicle (EV) and battery markets

- Tansim Lithium Project expanded as part of planned development of lithium hub in Abitibi, Quebec.

The collaboration follows the rapid growth of lithium hydroxide demand in North America on the back of the EV and battery storage revolution, as seen with Tesla's planned development of a lithium hydroxide plant in Texas, the first such move by an automaker into lithium chemicals production.

Under the collaboration, both companies will work jointly on the development of ICS technology for the refining of spodumene into battery-grade lithium hydroxide, as preferred by leading automakers.

Compared with sulfuric acid-based processes, scoping studies undertaken on the ICS Process foreshadow lower capital costs and the halving of operating costs, together with game-changing environmental benefits under its system for recycling all chemicals.

The process also offers particularly high product purities for lithium hydroxide monohydrate, while at least 90% of the lithium in the original ore concentrates can be recovered and converted to marketable lithium chemical products. In addition, the closed process allows sulfuric acid-based hydroxide plants to be refurbished into clean ICS hydroxide plants at low cost.

Welcoming the agreement, Sayona's Managing Director Brett Lynch said: "Sayona has long identified the need for downstream processing to occur in Quebec, but we have been seeking a cleaner technology to replace current sulfuric acid-based systems.

"The ICS Process offers a clean and green solution that could potentially be implemented on-site in Quebec, thereby ensuring the province captures increased value from its lithium resources while facilitating the development of a 100% Quebec battery, as sought by the Quebec Government.

"This venture is a major step forward as we work to maximise the value of our planned lithium hub in Abitibi and become a leading supplier of lithium hydroxide to the North American EV market."

ICS Managing Director Richard Hunwick said the collaboration offered enormous opportunities for both parties as well as the broader lithium industry.

"ICS has been developing our clean and green technology since 2014, working closely with the CSIRO and other leading researchers on a closed-loop process that offers substantial environmental and economic benefits," Mr Hunwick said.

"We are delighted to work with Sayona in exploring the potential of our technology in Quebec, a province well served with clean and green hydro power as well as other competitive advantages for supplying the fast-growing North American battery market."

The collaboration follows recent investments by the Canadian federal and Ontario governments supporting Ford Motor Co's C$2 billion investment in EV production in Ontario, together with a C$1.5 billion investment by Fiat Chrysler in plug-in hybrids and EVs.

Quebec Economy Minister Pierre Fitzgibbon has commented that the province "has everything it takes to produce the cleanest battery in North America," including skilled labour, natural resources such as lithium and clean hydro power.

Tansim Project expands

Meanwhile, Sayona has further expanded its lithium holdings in Quebec, where it aims to develop a lithium hub based on its Authier Lithium Project together with the emerging Tansim Lithium Project and North American Lithium (the latter subject to a successful bid).

At Tansim, located 80 kilometres south-west of Authier, Sayona has expanded its project area with the addition of 11 new claims. Tansim now encompasses 191 mineral claims spanning 11,042 ha of prospective lithium acreage (refer map in link below*).

Drilling conducted in 2019 resulted in an Exploration Target (refer note below) of between 5 million and 25 million tonnes, at an estimated grade of 1.2 - 1.3% Li2O (refer ASX release 19 November 2019).

Sayona plans further exploration work at Tansim, including reconnaissance sampling at the new acreage and Phase 2 drilling at the Viau-Dallaire prospect.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/70WSF087


About Sayona Mining Ltd:


Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) 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

Contact:

Brett Lynch
Managing Director
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au

Source:
Sayona Mining Ltd

Copyright (C) 2020 ABN Newswire. All rights reserved.