Canada

Moblan Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Spodumene
  • Lithium
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
ShapshotThe Moblan property is located in a world-class lithium-rich mining province, in the Eeyou Istchee Baie-James territory.

Applications for the use of land for the processing plant and the mine waste storage facility have already been submitted and are under evaluation by the authorities. The filing of the closure plan is planned for 2024. Financial assurance will be required upon approval of the closure plan. Other permit applications will be submitted upon approval of the ESIA. The Environmental and Social Impact Assessment (‘ESIA’) is underway.

Owners

SourceSource
CompanyInterestOwnership
Investissement Quebec Inc. 40 % Indirect
Sayona Mining Ltd. 60 % Indirect
Moblan is owned 60% by Sayona and 40% by Investissement Québec.

Contractors

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Deposit type

  • Pegmatite

Summary:

The Property is located in the Frotet-Evans greenstone belt (‘FEGB’), which forms part of the Archean Superior Province. The geology of the Moblan Property is dominated by a large north-east trending gabbro, bordered to the north-west by mafic volcanics and lesser sedimentary rocks. The Archean bedrock is locally covered by glacial tills which typically do not exceed 3 to 4 metres in thickness.

The gabbro is the main host rock for lithium bearing pegmatite mineralisation. The pegmatites are of the albite – spodumene class of LCT (lithium-cesium-tantalum) pegmatites. Four pegmatite clusters are recognised, forming a series of stacked pegmatite dykes of variable thicknesses.

The Properties host several mineral occurrences and showings. These (and other adjacent) occurrences highlight the strong potential of the area for (i) Li pegmatite deposits; (ii) Cu-Zn VMS deposits; (iii) Au orogenic quartzcarbonate veins and disseminated sulphide deposits; (iv) Ni-Cu-PGE magmatic sulphide deposits; and (v) Au-Cu porphyry systems (e.g., Troilus Gold).

The economic potential of the Moblan Property is for lithium mineralisation (spodumene pegmatites). Lithiumbearing pegmatites were grouped into four (4) dyke swarms: Main, South, Inter and Moleon. Each corresponds to a series of stacked lithium-bearing dykes of variable thicknesses.

The Main group comprises 21 lithium pegmatite dykes oriented E-W and dipping gently to the north (N280°/-20°). This swarm extends laterally E-W for approximately 1500 m and 500 m N-S. In this group, three (3) dykes have an average intercept length greater than 10 m.

The South group comprises 20 dykes oriented E-W and almost sub-horizontal or dipping gently to the south (N080°/-10°). This swarm extends laterally E-W for approximately 750 m and 500 m N-S. In this group, five (5) dykes have an average intercept length greater than 10 m.

The Inter group comprises 17 dykes oriented ENE and dipping moderately to the north (N260°/-20°). This swarm extends laterally E-W for approximately 750 m and 300 m N-S. In this group, only one (1) dyke has an average intercept length greater than 10m.

The Moleon group comprises 17 dykes oriented N-S and dipping steeply to the west (N180°/-70°). This swarm extends laterally N-S for approximately 750 m and 250 m E-W. In this group, two (2) dykes have an average intercept length greater than 10 m.

Dimensions
The mineral resource area encompassing the Main, South and Inter dyke swarms is 700 m long N-S, ~300 m wide E-W, dips ~60-70° to the west, and has a vertical extent of ~300 m.

The Moleon mineral resource area is 1700 m long WSW-ENE, is 50–400 m wide, dips ~0–25° to the NNW, and has a vertical extent of ~350 m.

Mineralisation remains open at depth and laterally for all domains.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Spodumene Concentrate kt 3005,848

Operational metrics

Metrics
Daily processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Cash costs Spodumene USD  ....  Subscribe
All-in sustaining costs (AISC) Spodumene USD  ....  Subscribe
Assumed price Spodumene USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 784
Site services costs $M CAD 24.1
Transportation (haulage) costs $M CAD 925.3
G&A costs $M CAD 385.1
Total OpEx $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Net revenue (LOM) $M CAD  ......  Subscribe
EBITDA (LOM) $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 10% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 30, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 20, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 20, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 20, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 20, 2024
....................... Subscription required ....................... Subscription required Subscription required Mar 30, 2024

Total WorkforceYear
...... Subscription required 2024

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