LITHIUM: Sayona Mining to bid on NA Lithium assets

QUEBEC – News coming from Australia says that country’s Sayona Mining has its eye on the assets of North American Lithium (NAL) […]
The close proximity of the Authier and North American lithium properties is drawing interest from Sayona, the owner of the Authier project. (Image: Sayona Mining)

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[caption id="attachment_1003730773" align="aligncenter" width="486"] The close proximity of the Authier and North American lithium properties is drawing interest from Sayona, the owner of the Authier project. (Image: Sayona Mining)[/caption] QUEBEC – News coming from Australia says that country’s Sayona Mining has its eye on the assets of North American Lithium (NAL) near Val d’Or. The Australian company has expressed its intention to bid for the lithium carbonate project that halted spodumene production in February 2019. NAL subsequently obtained creditor protection in May, and the Quebec Superior Court invited bids for the assets. If it is the successful bidder, Sayona intends to restart mining and milling. Sayona owns the nearby Authier lithium deposit with a promising definitive feasibility study completed in 2018. The deposit has JORC-compliant resources of 20.9 million tonnes grading 0.55% lithium oxide. A conventional crushing, grinding and flotation flowsheet is planned to concentrate the ore. The company is also studying creation of a premium value added lithium carbonate product. Start-up is scheduled for 2020 after a capex of only $89 million. Sayona also owns the West Australian lithium property and the East Kimberley graphite property, also in Australia. Visit www.SayonaMining.com.au.

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