Elevra’s wholly owned NAL operation in Québec produces spodumene concentrate. The September 2026 PFS forecasts a 20-year expansion case averaging 348 ktpa of SC5.4 concentrate over life of mine and 373 ktpa post-expansion, with LOM C1 costs of US$649/t and AISC of US$707/t; post-expansion costs are US$630/t and US$680/t respectively. Expanded-asset post-tax NPV8 is US$2,384 million; the incremental expansion has post-tax NPV8 of US$699 million, IRR of 49.9% and payback of 34 months. Initial capital is C$366 million. Elevra considers the expansion fully funded based on current estimates and funding arrangements, although cost overruns or delays could require additional funding. The staged circuit includes ore sorting with XRT, crushing, rod and ball milling, desliming, LIMS and WHIMS magnetic separation, rougher/scavenger/cleaner flotation, concentrate dewatering and vacuum belt filtration, with separate process and flotation water thickening. Stage 1 targets mid-CY27, Stage 2 mid-CY28 and Stage 3 mid-CY29.
- Country
- Canada
- Commodity
- Li
- Stage
- Production