An advanced ASX-listed lithium company

Mark Gordon

Independent Investment Research

Lithium demand forecasts by several parties have been dramatically increased recently, driven largely by the expected growth in the use of electric cars driving demand for lithium-ion batteries. 2025 demand forecasts range between 500,000t and 1,000,000 LCE, multiples of the current demand of ~220,000t.  Ideally placed to take advantage of this, and which has flown under the radar, is Sayona Mining, owner of the advanced Authier Lithium Project in Quebec, Canada.

Authier is a quality hard-rock spodumene project that has seen significant work (including 15,000m of drilling into the main pegmatite), and has the potential to be a low cost, near term development. This is borne out by the robust PFS delivered in February 2017, which is currently being updated following a resource increase and very positive metallurgical optimisation test-work – this update is due this quarter, followed by a DFS in early 2018.

Authier has ready access to infrastructure, including road, rail and cheap electricity and gas. Being in a mining district, and just 45km from the established mining centre of ValD-or, there is a skilled workforce at hand. Additionally, Quebec, by virtue of cheap power, is the only jurisdiction outside of China that has downstream processing of spodumene concentrate to lithium carbonate – as part of their studies, Sayona will be investigating this value adding opportunity. To read our full report on Sayona please click here


1 stock mentioned

Mark Gordon
Senior Analyst
Independent Investment Research

Mark is a Senior Resources Analyst for Independent Investment Research, with a focus on junior and mid-cap listed resources stocks. With over 10 years as an analyst, following on from 17 years as a geologist, he has a good insight into the sector.

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