Piedmont Lithium Project Portfolio
12
NAL RESTART COMPLETED
Restart Completed in March as Scheduled; DFS Published in April
NAL RESTART24
■ Only major new source of spodumene concentrate expected in
North America in the near-term
■ Commercial operations commenced with deliveries to Port of
Quebec City ongoing
■ First commercial shipment to customers targeted for Q3 2023
■ Continued upgrades underway to improve operational
efficiency, reliability, grade, quality, and recoveries
DEFINITIVE FEASIBILITY STUDY25
■ Production target increased to 226,000 tonnes per year for
first four years of operation and 190,000 tpy thereafter
Included strategic review of Mineral Resource and Reserves
resulting in increased head grade
■ PFS for completion of on-site carbonate refinery to be
completed in Q2 2023
24. See Piedmont announcement "Sayona Mining and Piedmont Lithium Announce Successful Restart of North American Lithium"
dated March 30, 2023, a copy of which can be found on our Company website or in our SEC filings.
25. See Sayona Mining ASX announcement "DFS Confirms NAL Value with A$2.2B NPV" dated April 14, 2023, a copy of which can be
found on Sayona Mining's website.
Spodumene concentrate at NAL
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