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Sayona Mining Announces First Sale of Lithium Concentrate Scheduled for Late March 2023

Feb 27, 2023

Emerging lithium producer Sayona Mining Limited achieved another milestone towards spodumene lithium production at its flagship North American Lithium (NAL) operation in Québec, Canada, with the successful start‐up of its process operations.

The processing start‐up comprised the circulation of ore through the entire system, from crushing through sorting, grinding and separation, which followed the completion of commissioning activities.

The restart continues on time and on budget, with production of the first saleable lithium concentrate scheduled for late March 2023. This would mark a major milestone both for Sayona and Québec as the leading hard rock lithium producer in North America. This announcement continues Sayona’s regular, twice monthly updates as the company advances towards production.

Sayona expects the first shipment of spodumene (lithium) concentrate from NAL will occur in July 2023, with four shipments targeted for the first half of fiscal 2024. The company is targeting total production between 85,000 tonnes and 115,000t during this period. 

“Congratulations to the entire Sayona team for the continued progress towards NAL’s restart, which has been an incredible achievement,” said Brett Lynch Sayona’s Managing Director.

“With the production of saleable lithium concentrate only days away, this is an exciting time both for Sayona and Québec as we work to build the leading integrated lithium production centre in North America.”

The lithium mine ceased operations in 2014, but were resumed in 2017 following an acquisition by North American Lithium. Operations continued until March 2019, when production was suspended again due to financial problems. North American Lithium filed for bankruptcy protection in May of the same year. The project was acquired by Sayona Quebec in August 2021. Sayona Quebec is a joint venture (JV) between Sayona Mining (Sayona), which owns a 75% stake, and Piedmont Lithium, which holds the remaining 25%.

For More Information

Level 28
10 Eagle St
Brisbane QLD 4000
T  +61 7 3369 7058
E  info@sayonamining.com.au

Image Map of Sayona Mining's Quebec Properties

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