Elevra PFS Backs Near-Doubling of Quebec Lithium Output

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โดย Oilprice.com·CA·Read original
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Elevra Lithium has released a pre-feasibility study for the expansion of its North American Lithium mine in Quebec, outlining a plan to nearly double annual spodumene concentrate production while lowering unit operating costs. The study puts average annual production after the expansion at 373,000 tonnes of 5.4% Li2O spodumene concentrate, compared with 199,000 tonnes in the unexpanded base case, and about 10% above the 338,000-tonne estimate from its May scoping study. The brownfield expansion carries an estimated initial capital expenditure of C$366 million (US$271 million), including C$73 million of contingency, unchanged from May and fully funded through a strategic financing package announced earlier this year. The PFS estimates an incremental post-tax net present value of C$943 million at an 8% discount rate, with a 49.9% post-tax internal rate of return and a 34-month payback period, while the entire expanded operation has a post-tax NPV of C$3.22 billion. Life-of-mine C1 costs are expected to fall to C$876 per tonne under the expansion case, dropping to C$851 per tonne after completion, compared with C$1,048 per tonne in the base case. The project will be developed in three stages, with Stage 1 increasing production by 15-20% within the existing 4,500-tonne-per-day milling permit from mid-2027, Stage 2 raising milling capacity to 6,500 tonnes per day from mid-2028, and Stage 3 installing a permanent crushing circuit and additional ore-sorting capacity by mid-2029. The expansion is supported entirely by North American Lithium's existing 47.2 million tonnes of proven and probable reserves grading 1.12% Li2O, with no inferred resources included, and assigns the operation a roughly 20-year mine life. The asset, located at La Corne in Quebec's Abitibi-Témiscamingue region, restarted concentrate production in 2023 and is now wholly owned by Elevra following the 2025 merger of Sayona Mining and Piedmont Lithium. The PFS remains subject to development risks, with permitting identified as a critical path, particularly for later-stage pit development and associated infrastructure.

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