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Elevra Lithium ( (AU:ELV) ) just unveiled an update.
Elevra Lithium has released an updated scoping study for expanding its North American Lithium mine, outlining a staged development plan that lifts permitted plant throughput to 4,500 tonnes per day in Stage 1 and 6,500 tonnes per day in Stage 2 while maintaining total capital expenditure at US$270 million. The expansion is underpinned by existing ore reserves, extends mine life to 21 years and targets a post-ramp-up output of 338,000 tonnes of SC5.4 concentrate per year.
The new study doubles the incremental post-tax NPV(8%) of the expansion to C$969 million, helping deliver a total project NPV of C$3.1 billion, a 41.8% post-tax IRR and a 25-month payback, supported by both higher lithium prices and optimized staging. Elevra plans to start incremental production in mid-2027 and complete the three-stage program by mid-2029, aiming to bring forward cash flow, progressively reduce unit operating costs and enhance execution certainty as global lithium demand grows.
The most recent analyst rating on (AU:ELV) stock is a Buy with a A$16.50 price target. To see the full list of analyst forecasts on Elevra Lithium stock, see the AU:ELV Stock Forecast page.
More about Elevra Lithium
Elevra Lithium is a North American-focused lithium producer listed on the ASX and Nasdaq, operating the North American Lithium mine in Canada. The company supplies spodumene concentrate, targeting growing global demand for lithium used in batteries and electric vehicles, and is pursuing staged expansion to increase scale while managing costs and execution risk.
YTD Price Performance: 68.03%
Average Trading Volume: 1,595,547
Technical Sentiment Signal: Buy
Current Market Cap: A$2.27B
See more data about ELV stock on TipRanks’ Stock Analysis page.