Very correct, ArgylePink.
The North American Lithium site consistently achieves new production records each quarter, solidifying its position as the largest lithium operation in North America. Current plant throughput rates year-to-date (YTD) align with forecasted expectations, standing at 161tph (tonnes per hour), which is 8% below the design capacity of 175tph. Significantly, process plant recoveries are surpassing expectations, representing a noteworthy achievement in NAL's ramp-up process. In March 2024, plant recoveries exceeded the target of 67% (month-to-date: 69%), with a global recovery YTD of 62%. The production of spodumene concentrate has seen a steady increase, culminating in a new daily production record of 740 tonnes achieved in mid-March 2024. Notably, product quality has remained consistent at 5.45% Li2O YTD, with moisture and other elements aligning with expected levels.
Nearing completion of its ramp-up phase, NAL stands out as the most cost-effective among lithium producers based on EV/EBITDA metrics. According to the 2023 Definitive Feasibility Study (DFS), the mine boasts a projected lifespan of 20 years.
The quarter concluded with a robust balance of $98.9 million in cash and cash equivalents.
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Very correct, ArgylePink. The North American Lithium site...
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