Record Ore Mined
Ore mined increased by nearly 54% quarter-on-quarter to just over 370,000 tonnes, reflecting increased mining activity.
Sales and Revenue Growth
Sales of spodumene reached a record 66,000 tonnes, up 35% quarter-on-quarter. Revenue increased by 33% to AUD70 million.
Cost Improvements
Unit operating costs on a tonnes sold basis declined by 6% quarter-on-quarter. Compared to Q4 FY 2024, costs decreased by over 16%.
Cash Position and Capital Expenditure
Cash balance increased by 6% to AUD110 million. Capital expenditure for the quarter was AUD7 million, focused on tailings storage expansion and process optimization.
Merger with Piedmont
Definitive merger agreement with Piedmont signed, creating a leading lithium business with a 50-50 equity split. Sayona raised AUD38 million after costs.
Improved Mill Utilization and Recovery
Mill utilization remained strong at 90%, and lithium recovery improved by 1% to 68%.