Sayona unveils feasibility results for ‘centrepiece’ Moblan lithium project
North American lithium producer Sayona Mining has announced feasibility study results that demonstrate the value of its Moblan lithium project, forming the centrepiece of the company’s Eeyou Istchee James Bay hub in northern Québec, Canada.
Moblan, owned 60% by Sayona and 40% by Investissement Québec, has an estimated post-tax net present value of C$2.2-billion and an internal rate of return of 34.4% with a 2.3-year payback period.
The project will require total capital expenditure of C$962.5-million.
Positive financial returns have been driven by an estimated head grade of 1.36% lithium oxide (Li2O), a life-of-mine (LoM) recovery rate of 74.7% and LoM average concentrate production of 300 000 t/y at a grade of 6% Li2O.
"We are delighted by the results of this feasibility study, which demonstrate that the Moblan lithium project is an incredibly strategic and valuable asset for Sayona, representing one of the single largest hard rock lithium resources in North America,” said interim CEO James Brown.
He stated that the challenging market conditions of recent months highlighted the importance of developing Tier 1 lithium projects that were strategically located near existing transport corridors and end markets and that had 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.”
Brown said he was confident that the current lithium market would 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 Québec."
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation