Name of the Project
North American Lithium (NAL) carbonate plant.

Location
Quebec, Canada.

Project Owner/s
Sayona Quebec is 75%-owned by Sayona Mining and 25%-owned by Piedmont.

Project Description
NAL is set to become the only lithium operation with a concentrator and carbonate plant on the same site in North America.

A preliminary technical study for lithium carbonate production at NAL has proven positive, with the study confirming the benefits of progressing into downstream processing.

The plant will have a life of 16 years and produce 372 000 t of carbonate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% discount rate, for lithium carbonate production of C$2.87-billion and a standalone carbonate plant internal rate of return of 60%.

Capital Expenditure
About C$555-million, including contingency.

Planned Start/End Date
Production is targeted for as early as 2026.

Latest Developments
Sayona Mining has announced an operational review of its NAL operation to optimise its cost structure in response to “rapidly changing” conditions in the global lithium market.

The review is focusing on opportunities to reduce the operation’s cost base, manage cash flow and preserve the its financial sustainability in a challenging market environment.

The review will be completed by the end of March.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Sayona Mining, tel +61 7 3369 7058 or emailinfo@sayonamining.com.au.