Jul. 9 at 11:44 PM
Sigma Lithium reported stronger-than-expected second-quarter production, delivering 35,000 tonnes of lithium oxide concentrate, 6% above its guidance of 33,000 tonnes, driven by improved mining operations. The company's Cleantech Industrial Plant achieved a 70% lithium recovery rate from spodumene ore, supported by an expanded mining fleet and an optimized mine plan that enabled full operating capacity.
Sigma remains on track to reach an annualized Phase 1 production rate of 240,000 tonnes and said its operational improvements position it to begin construction of a second Cleantech Industrial Plant within 12 months, with the potential for a third facility in the future. The company expects all-in sustaining costs of
$710 per tonne for Phase 1, falling to
$620 with Phases 1 and 2 and
$610 once all three phases are operational.
$SGML