BRIEF-Sayona Mining Says Operational Review Supports Nal Ramp-Up Plan

Reuters04-04

* OPERATIONAL REVIEW SUPPORTS NAL RAMP-UP PLAN

* JV PARTNERS AGREED TO CONTINUE NAL PRODUCTION RAMP-UP TOWARDS STEADY STATE PRODUCTION

* TARGET TO REDUCE NAL UNIT OPERATING COSTS BY END OF 2024

* OVER LONG TERM, REMAIN OPTIMISTIC ABOUT DEMAND PROFILE FOR SPODUMENE CONCENTRATE, OTHER LITHIUM CHEMICALS

* JV PARTNERS EVALUATED VARIOUS CARE & MAINTENANCE SCENARIOS COVERING OPTIONS TO EITHER SLOW DOWN OR CEASE MINING, AMONG OTHERS

* THERE IS CLEAR LINE OF SIGHT TOWARDS ACHIEVING STEADY STATE PRODUCTION IN 2024 FOR NAL

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;;))

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