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Sayona Mining ( (AU:SYA) ) just unveiled an update.
Sayona Mining Limited has announced the results of a Scoping Study for the expansion of its North American Lithium operation, which promises increased annual concentrate production and reduced operating costs. The expansion project is expected to enhance the company’s position in the lithium industry by increasing spodumene concentrate production to over 300,000 tonnes per annum, supported by existing ore reserves. The project is projected to deliver a post-tax NPV of C$1,284M, with an IRR of 26.4% and a payback period of 46 months, indicating strong economic returns and reinforcing Sayona’s role in supplying critical materials for the clean energy transition.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$9.00 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Sayona Mining Limited is a North American lithium producer focused on developing low-cost, long-life lithium operations. The company is recognized as a leading hard-rock lithium producer in North America, leveraging its existing ore reserves to meet the growing demand for lithium in the clean energy transition.
YTD Price Performance: -99.53%
Average Trading Volume: 369,998
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$475.3M
Learn more about SYA stock on TipRanks’ Stock Analysis page.