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Sayona Mining ( (AU:SYA) ) just unveiled an announcement.
Sayona Mining Limited announced the results of a Scoping Study for the expansion of its North American Lithium (NAL) operation, revealing plans to increase the process plant design feed rate and improve recovery rates. The expansion is expected to deliver significant economic benefits, including a post-tax NPV of C$1,284 million and an IRR of 26.4%, with reduced operating costs and increased annual production. The project is set to enhance Sayona’s market position and contribute to the growing demand for lithium in the clean energy sector.
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 expanding its operations in the lithium industry. The company is primarily engaged in the production of spodumene concentrate, a key component in lithium-ion batteries, and aims to strengthen its position as a leading hard-rock lithium producer in North America.
Average Trading Volume: 374,044
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$475.3M
For a thorough assessment of SYA stock, go to TipRanks’ Stock Analysis page.