Increased Ore Mined and Strong Mill Utilization
Ore mined increased by nearly 54% quarter-on-quarter, with over 370,000 tonnes mined. Mill utilization was strong at 90%, despite a planned maintenance shutdown.
Record Sales and Revenue Growth
Sales reached a record with 66,000 tonnes of spodumene sold, a 35% increase quarter-on-quarter. Revenue increased by 33% to AUD70 million.
Cost Performance Improvement
Unit operating costs on a tonnes sold basis declined by 6% quarter-on-quarter. The cost improvements were driven by strong production volumes and reduced logistics and processing costs.
Successful Merger Announcement
A definitive merger agreement with Piedmont was signed, creating a leading lithium business with a 50-50 equity split. The merger strengthens Sayona's position and market access.
Promising Drilling Results
Drilling at NAL and Moblan indicated strong potential for resource expansion, with high-grade drill intercepts supporting future growth.