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Elevra Lithium Limited (ASX:ELV)

ALERT: Price-sensitive ASX Announcement for ELV
Current share price for ELV : $8.370 4.14 (97.87%)+
Announcement
Release
6 Nov 2025 8:15AM
Price at Release
$4.230
Full Release
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Summary
Elevra Lithium Limited has reported significant growth in its mineral resources and reserves. The North American Lithium (NAL) project saw an increase in total mineral resources to 95Mt at 1.15% Li2O, representing an 8% rise from the previous estimate, and a 124% increase in mineral reserves to 49Mt, enhancing the project’s potential for extended mine life or increased production. Similarly, the Moblan project in Quebec achieved a 30% increase in total mineral resources to 121Mt at 1.19% Li2O, with mineral reserves reaching 48Mt. These expansions solidify Elevra's position as a leading lithium producer in North America, showcasing a robust hard-rock resource base with competitive capital intensity. The company's strategic initiatives emphasize scaling production and maintaining operational efficiency to capitalize on strong market demand for lithium through 2030.
Key Points
  • NAL mineral resources increased to 95Mt.
  • NAL mineral reserves increased by 124% to 49Mt.
  • Moblan resources increased to 121Mt.
  • Moblan reserves reached 48Mt.
  • Elevra's robust lithium resource base in North America.
  • Focus on operational efficiency and production scaling.
  • Strong lithium market demand projected through 2030.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.