An open pit mine and 4,800 t/d processing plant is planned to produce a spodumene concentrate containing 6% lithium oxide (Li2O). Annual production will be 300,000 t/y of concentrate over a 21-year life for the mine. The project is expected to generate an estimates total net revenue of C$14.4 billion, with an EBITDA of C$11.2 billion.
“These positive financial returns have been driven by an estimated head grade of 1.36% Li2O, a LOM (life of mine) recovery rate of 74.7% and LOM average annual concentrate production of 300,000 t/y at a grade of 6% Li2O,” Sayona said in a release.
The company says it will cost C$926 million to build the project and a further C$96.1 million in sustaining costs. The all-in sustaining cost to produce a tonne of concentrate will be C$748.04, compared to a projected market price of C$2,653/tonne ($1,990/tonne).
The Moblan project has a probable reserves of 34.5 million tonnes grading 1.36% Li2O,…
