Elevra Lithium Ltd (ELVR)

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STANDALONE LITHIUM CARBONATE PLANT NPV OF A$3.2B AT NAL PRODUCES A
COMBINED NAL NPV OF A$5.4B

More drill holes results on the way.

North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF)
announced today a positive preliminary carbonate technical study (preliminary study) for its flagship
North American Lithium (NAL) Project in Québec, Canada, confirming the benefits of moving into
downstream processing. NAL is a subsidiary of Sayona Québec, owned by Sayona (75%) and Piedmont
Lithium (ASX:PLL 25%).
Study highlights included an estimated, pre-tax NPV (8% discount) for the standalone carbonate plant of
A$3.2 billion, with a pre-tax IRR of 60%. Total earnings before interest, tax, depreciation, and
amortisation (EBITDA) over the 16-year project life of the carbonate plant amount to A$7.5 billion
(exchange rate C$1 = A$1.10, as at 20 June 2023).
Based on the positive study, Sayona now plans to commission a definitive technical study for the
production of battery-grade lithium carbonate (Li2CO3) from spodumene (lithium) concentrate. Subject
to the study’s timing and outcomes, the carbonate plant could be commissioned as early as 2026.

https://clients3.weblink.com.au/pdf/SYA/02678052.pdf