Sayona Mining: Launches PFS for NAL lithium carbonate operation

Sayona Mining Launches PFS for NAL lithium carbonate operation

• Sayona Mining (SYA) launches its pre-feasibility study (PFS) for production of lithium carbonate at the North American Lithium (NAL) operation
• The PFS was launched by Sayona Québec and project partner Piedmont Lithium (PLL), the PFS will fast track the company’s plans to move downstream in Québec
• The potential move downstream has significant potential value-adding boost in enhancing the long-term value and profitability of the NAL operation
• Engineering firm Hatch will undertake the lithium carbonate PFS, targeting completion by March 2023, in line with the recommencement of production at NAL
• Shares in Sayona are up 11.1 per cent to trade at 25 cents, while Piedmont shares are up 6.06 per cent, trading at 87.5 cents as of 2:08 pm AEDT