Sayona Mining Ltd. (AU:SYA) has released an update.
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Sayona Mining Ltd. has decided to proceed with the full ramp-up plan for the North American Lithium (NAL) operation, a joint venture with Piedmont Lithium, after an operational review highlighted the potential to achieve steady state production and lower operating costs by the end of 2024. The review found that recent capital improvements, like the Crushed Ore Dome, have yet to be fully leveraged, though have contributed to record production levels in March 2024. Driving towards operational efficiency, Sayona is optimistic about the long-term demand for lithium products amidst the growing North American electric vehicle and battery market.
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