https://www.miningweekly.com
Mining|PROJECT|Technology
Mining|PROJECT|Technology
mining|project|technology

Sayona’s Moblan DFS to be finalised early next year

1st December 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

A definitive feasibility study (DFS) for the Moblan lithium project, the centrepiece of Sayona Mining’s Eeyou Istchee James Bay hub, will be released in the first quarter of 2024, interim CEO James Brown said on Thursday.

The company, which is listed on the ASX, previously targeted November 2023 for the completion of the DFS.

He said the current plan was to develop a downstream operating and supply model for Moblan that would allow Sayona to produce spodumene concentrate and link with strategic partners with demonstrated technology for future production of lithium hydroxide.

The miner, which also owns the North American Lithium mine, is working on a “bespoke” funding plan for Moblan, alongside potential strategic partnership discussions.

Meanwhile, Brown said that Sayona was confident that market prices for lithium would stabilise, supporting its operational plans. The price of lithium has fallen significantly, down about 80% in the last year.

Brown also noted that Sayona’s board transition was continuing. Having appointed Philip Lucas as independent nonexecutive director earlier this year, the next priority was the appointment of an independent chairperson in the first half of 2024.

Following this, the board would appoint another independent director and a new CEO.

“These appointments will provide greater skills and diversity to the board and facilitate more effective corporate governance,” said Brown.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Resources Watch
Resources Watch
21st February 2024

Latest News

Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
Major hydrogen economy developments in SA
21st February 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.192 0.23s - 107pq - 2rq
Subscribe Now