Sign up Australia
Proactive Investors - Run By Investors For Investors

Tawana Resources NL trebles lithium target area at Bald Hill

High-grade results include 57 metres at 1.62% lithium from 161 metres.
Tawana Resources NL trebles lithium target area at Bald Hill
Results of the feasibility study to be released soon

Tawana Resources NL (ASX:TAW) has trebled the size of the lithium target area originally defined in January 2017 at the Bald Hill project in Western Australia.

The extended area contains the most significant lithium results to date, including:

- 57 metres at 1.62% lithium from 161 metres;
- 38 metres at 1.48% lithium from 134 metres; and
- 24 metres at 1.29% lithium from 135 metres.

The Bald Hill Mine is owned by Alliance Mineral Assets (SGX:40F) with Tawana earning a 50% interest.

Historically, the project area has been explored and mined for tantalum and tin at the Bald Hill and St John prospects.

The Bald Hill Mine comprises of four mining leases, 16 exploration/prospecting licences and five applications totalling 791 square kilometres.

Tawana and Alliance are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and process engineering aspects of the study completed.

The results of the study are expected to be released within two weeks.

As part of its joint venture arrangement with Alliance, Tawana must spend a minimum of $7.5 million on exploration, evaluation and feasibility by 31 December 2017.

Tawana’s share price has more than doubled since the start of 2017, last trading at $0.245.

View full TAW profile View Profile

Tawana Resources NL Timeline

Related Articles

1509449982_Copper-cathode-from-Berta.jpg
November 01 2017
Coro is establishing itself as a producing copper company with potential for significant growth
Kwale-workers.jpg
August 29 2017
Base Resources has a top quality mineral sands asset at Kwale and is benefiting from a recovery in the market
White-Cliff-Minerals-MD-Todd-Hibberd-presenting-Syd-Mar-2017-757.jpg
March 17 2017
Todd Hibberd brought gold, lithium and nickel to investors.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use