Elevra Lithium Limited · ASX:ELV
Elevra Lithium — Investor Presentation (September 2024)
50 slides from Elevra Lithium's investor presentation, Sep 18, 2024
Slide 1: Investor Presentation – North American Operations
Investor Presentation – North American Operations 18 September 2024 ASX:SYA | OTCQB:SYAXF
Slide 2: Overview
Overview 1. Quebec Operations 2. Overview of NAL 3. NAL Operations a. Mine Operations b. Processing Plant 4. Logistics and Commercial 5. Operating Performance and Improvement 6. NAL Exploration 7. Moblan Exploration 2
Slide 3: Quebec Operations
Quebec Operations 3
Slide 4: NAL Management Team
NAL Management Team Sylvain Collard Lynn Girard Philippe Chabot Rina Moreno Sarah Laquerre President, COO & Interim GM Mill Manager Vice-President Mining & Finance Manager Human Resources Interim Mine Manager Manager Bianca Galimi Patrick O’keefe-Maher Alexandre Aubin Audrey Humbert-Leblanc Genevièv
Slide 5: A Large Portfolio of Lithium Exploration and Mining Projects
A Large Portfolio of Lithium Exploration and Mining Projects ____________ Combined JORC Measured, Indicated and Inferred Resource for Moblan Moblan: 93.1 Mt @ 1.21%¹ Li2O ____________ Combined JORC Measured, Indicated and Inferred Resource for NAL NAL: 87.9 Mt @ 1.13%¹ Li2O Authier: 14.1 Mt @ 1.01%2
Slide 6: Overview of NAL
Overview of NAL 6
Slide 7: History of the Mine Site
History of the Mine Site Since its discovery Jilin Jien Nickel Industry Co Ltd acquires the mine in partnership with Investissement Quebec Creation of North American First production of Discovery of the site by Dismantling of the Canada Lithium starts Mine operations Lithium spodumene concentrate in
Slide 8: North American Lithium
North American Lithium North America’s leading producer of hard-rock lithium Only major North American hard-rock lithium producer Access to low-cost, On-going drilling indicates renewable power and potential to further expand mature infrastructure resource 87.9 190 - 75% 210 kt MILLION TONNES @ 1.13
Slide 9: Infrastructure
Infrastructure • Open pit • Processing plant • ROM ore pad • Waste stockpile • Conventional tailings facility • Overburden stockpile • Administration facility, including offices and personnel changing area (dry) • Workshop, tyre change, warehouse and storage areas • Fuel, lube and oil storage facili
Slide 10: Mine Operations
iolats) Operat Ine M
Slide 11: NAL | Geology Overview
NAL | Geology Overview Geology Overview Geology Map Volcanic Key Highlights: Mineralisation •Spodumene-bearing dykes: 109 spodumene-bearing dykes identified on the property. •Extent of exposure: Surface exposures traced over 700 m along strike and nearly 70 m vertically down pit walls. •Dyke charact
Slide 12: NAL | Mine Overview
NAL | Mine Overview November 22,2022 Restart of the Mine Winter conditions 12
Slide 13: NAL | Mining Phases in Operation
NAL | Mining Phases in Operation 520m 13
Slide 14: NAL | Mine Operations
NAL | Mine Operations Key Highlights: Mine operations team • 247 (Staff + Mining Contractors) Department Management • Geology : Sayona – Management & Technical team • Engineering : Sayona – Management & Technical team • Mine Ops : Management Sayona – Execution : Mining Contractor Mining Equipment :
Slide 15: NAL | Evolution
NAL | Evolution Previous Practices 2011-2013 & 2017-2019 • High dilution +25% • Mining contractor management (Bulk vs Selective Mining) • Geological in-pit management • Material segregation for continuous feed to the mill Sayona approach 2023 – Today • 2024 – dilution 11.7% • Mining contractor manag
Slide 16: NAL | Focus Areas
NAL | Focus Areas Open Pit Selective Mining Training 16
Slide 17: NAL | Focus Areas
NAL | Focus Areas Legacy of the 50’s – Underground Stopes 1950’s – Historical underground workings • 21 underground stopes, drifts, ore passes and ventilation rises • Located in Phases 2 and 3 • Mining of these areas will be complete in 3 years • Already factored into operating costs Sayona action p
Slide 18: Processing Plant
Processing Plant 18
Slide 19: Design Change / Equipment
Design Change / Equipment Flowsheet Additions or modifications since previous operations: Crushers • Jaw crusher (C-150) • Apron Feeder to C125 • HP400 crusher • 4100 building HVAC • Additional sorter • Crushed ore dome (and temp. bypass) • Fine ore silo insulation • Fine ore silo boiler Mill • 2 x
Slide 20: Throughput Improvement
Throughput Improvement Approaching DFS mill rates within 16 months 2018 – 2019 Pre-startup Post-startup Achieved in Operating Data Improvements Improvements May 2024 • Optimised stack sizer screen • Addition of 2 stack aperture size sizer screens 139 t/h • Replaced filter belt • Stack sizer feed ins
Slide 21: Recovery
Recovery In line with DFS estimates 2018 – 2019 Pre-startup Post-startup Achieved in March Operating Data Improvements Improvements & May 2024 • Scavenger high density conditioner • Rougher (59) with cyclopac conditioner (57) 62% regained use of 3rd • Collector type optimisation • Optimised air dist
Slide 22: Reliability
Reliability Surpassed 90% mill utilisation in 15 months 2018 – 2019 Pre-startup Post-startup Achieved in Operating Data Improvements Improvements June 20241 • Boiler to heat fine ore bin • Apron feeder to • Crushed ore dome prevent jaw 66% crusher plugging • • C150 pre-crusher Crusher cleaning modif
Slide 23: Quality
Quality Maintained target concentrate grades with increased iron feed grades 2018 – 2019 Pre-startup Post-startup Achieved in Operating Data Improvements Improvements June 20241 • Additional sorter • Extensive testwork Feed: Feed: • LIMS • Reagent optimisation 1.22% Li2O & 0.66% Fe 1.22% Li2O & 0.91
Slide 24: Logistics and Commercial
Logistics and Commercial 24
Slide 25: Logistics Chain
Logistics Chain 25
Slide 26: Logistics Chain
Logistics Chain 26
Slide 27: Concentrate Loading
Concentrate Loading 27
Slide 28: Commercial
Commercial 113ktpa or 50% NAL production LG Chem Tesla Trading Partners North American Lithium +/- 200ktpa production JV production Trading Partners Notes 1 FY25 spodumene concentrate sales guidance is between 200,000 – 230,000 dmt at 5.4% Li2O for 100% of North American Lithium sales (see ASX annou
Slide 29: Operating Performance and Improvement Projects
Operating Performance and Improvement Projects 29
Slide 30: Project: C-150 Crusher
Project C-150 Crusher Objective Assembly, installation, refurbishment and commissioning of the C-150 pre- crusher to deliver more consistent feed to the C-125 primary crusher End of project June 2024 Progression In operation 30
Slide 31: Project: Crushed Ore Dome
Project Crushed Ore Dome Objective Increase the reserve of crushed ores to circa 6kt. Loading on the rod mill feed conveyor during maintenance or shutdowns of the crushing circuit. End of project May 2024 Progression In operation 31
Slide 32: NAL Operational Performance
NAL Operational Performance Delivering significant QoQ NAL Global Recovery and Mill Utilisation NAL Concentrate Production production increase 60,000 • Production restart and maiden 90% shipments within 2 years of NAL 83% 49,660 acquisition 80% 50,000 75% • Significant increase in ore mined, 72% 7
Slide 33: NAL Exploration
NAL Exploration 33
Slide 34: North American Lithium: 51% increase in Mineral Resource to 88Mt
North American Lithium 51% increase in Mineral Resource to 88Mt JORC Measured, Indicated Excellent conversion to and Inferred Resource reserves expected 87.9Mt @ 1.13% Li2O¹ 82% in M&I category Contained lithium Additional drilling Up 39% in 20242 Notes 1 Refer to ASX Announcement on 27 August 2024
Slide 35: Feasibility Study 2023
Feasibility Study 2023 Pit Shell 35
Slide 36: Drilling Campaign 2023
Drilling Campaign 2023 Testing extensions of mineralisation to NW and SE 36
Slide 37: Drilling Campaign 2024
Drilling Campaign 2024 In-fill drilling and testing further extensions to mineralisation 37
Slide 38: NAL Contains Extensive Pegmatites Dykes
NAL Contains Extensive Pegmatites Dykes • Results demonstrate that North American Lithium is a major extensively mineralised lithium system. • The primary metal is lithium and is mainly associate with spodumene, a lithium bearing pyroxene. • Pegmatites also contains domains with tantalum, which coul
Slide 39: NAL MRE
NAL MRE 2023 Mineral resource 2024 Mineral resource Looking at 40 azimuth 39
Slide 40: Revised Geological Model
Revised Geological Model 2023 MRE 2019 Pegmatites Fields - contains 49 mineralised dykes (in 2019 MRE) Main 2023 Pegmatites Fields (in 2023 MRE) Main 2024 MRE - contains 109 mineralised dykes Inter South 40
Slide 41: NAL MRE
NAL MRE Sayona acquired 75% of NAL in 2021 Major resource expansion 51% increase in Measured, Indicated and Inferred: Resource total of 87.9 million tonnes (Mt) @ 1.13% Li2O (0.60% Li2O cut‐off grade). 188% increase in Measured and Indicated: Resource total of 72.1 million tonnes (Mt) @ 1.14% Li2O (
Slide 42: Moblan Exploration
Moblan Exploration 42
Slide 43: Moblan Lithium Project: 81% upgrade in Mineral Resource to 93Mt
Moblan Lithium Project 81% upgrade in Mineral Resource to 93Mt JORC Measured, Indicated Easily accessible resource and Inferred Resource High grade, low strip ratio, 93.1Mt @ 1.21% Li2O¹ and high Li2O recovery 70% in M&I category Close to, and well-serviced Excellent access by, key infrastructure an
Slide 44: Moblan MRE
Moblan MRE New drillholes included in 2024 MRE Main 2023 Pegmatites Fields (in 2023 MRE) Main Inter South 44
Slide 45: Moblan MRE
Moblan MRE Main 2023 Pegmatites Fields (in 2023 MRE) Main Inter South 45
Slide 46: Revised Geological Model
Revised Geological Model Moblan Spodumene pegmatite domains - 2023 MRE Moblan Spodumene pegmatite domains - 2024 MRE 2019 Pegmatites Fields (in 2019 MRE) Main 2023 Pegmatites Fields (in 2023 MRE) Main Inter South 46
Slide 47: Revised Geological Model
Revised Geological Model Moblan Spodumene pegmatite domains - 2023 MRE 2019 Pegmatites Fields (in 2019 MRE) Main 2023 Pegmatites Fields (in 2023 MRE) Moblan Spodumene pegmatite Main domains - 2024 MRE Inter South 47
Slide 48: Moblan MRE
Moblan MRE October 2021: Sayona Acquisition of 60% • Total JORC Mineral Resource (Measured, Indicated and Inferred) increased by 81% totaling 93.1 million tonnes (Mt) at 1.21% Li2O (cut-off of 0.55% Li2O), up from 51.4Mt @1.31% Li2O (at 0.55% Li2O). • Measured and Indicated categories are up 59% to
Slide 49: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer Disclaimer Sayona Mining Limited undertakes no obligation to update any forward-looking statement or other statement to reflect events or Statements in this presentation are made only as of the date of this No representation o
Slide 50: Connect with us.
Connect with us. Sayona Mining Limited ACN 091 951 978 ASX:SYA OTCQB:SYAXF Level 28, 10 Eagle Street Brisbane, Queensland, 4000 Australia info@sayonamining.com.au sayonamining.com.au @SayonaMining +61 (7) 3369 7058
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