Alita Resources Ltd

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Alliance Mineral Assets Limited, is a dual-listed (ASX and SGX Catalist) company which commenced lithium (spodumene) concentrate production at its principal project, the Bald Hill Lithium and Tantalum Mine  in March 2018.  As a result of its merger with Joint Venture Partner Tawana Resources  in December 2018, Alliance Mineral Assets now owns 100% of the Bald Hill spodumene mine.  The Bald Hill Mine entered commercial lithium concentrate production in July 2018 and production of high quality lithium and tantalum concentrates at the mine continues to ramp up.

Alliance Mineral Assets Limited also has a 15% interest in Cowan Lithium Limited which owns the Cowan Lithium Project, adjacent to Bald Hill, the Yallari Lithium Project (also in Western Australia) and the Mofe Creek project, an iron ore project in Liberia, West Africa.


Alliance has 100% ownership of the Bald Hill Lithium and Tantalum Mine which is located 50km south east of Kambalda in the Eastern Goldfields region of Western Australia. It is located approximately 75km south east of the Mt Marion Lithium project and approximately 350km by road from the Port of Esperance.  The Project comprises mining tenure totalling 774km2.

The Bald Hill hard rock lithium operation  boasts a top quality +1mm spodumene concentrate (low mica, low iron) and a significant tantalum by-product production.

The project was commissioned in March 2018 with initial spodumene concentrate production capacity of 155ktpa and first lithium concentrate shipment was completed in early May 2018. Studies were recently completed for a low capex (A$10-12m) plant upgrade at Bald Hill.

Exploration activities have been limited in recent times as focus has been on mine development, but with operations now firmly underway, drilling activities are anticipated to ramp up in 2019.

The Bald Hill project was traditionally first explored and mined for tantalum. It was during mining, that pegmatite ore containing varying amounts of spodumene was discovered.

Bald Hill has total lithium resources of 26.5Mt at 1.0% Li2O (using 0.3% Li2O cut off) and 149ppm Ta2O5 and additional tantalum resources of 4.4Mt at 336ppm Ta2O5.

Bald Hill has a lithium ore reserve of 11.3Mt at 1.0% Li2O and 160 ppm Ta2O5 – representing an increase of 105% in contained lithium from the July 2017 reserve estimate.

Tantalum ore reserve of an additional 2.0Mt at 313ppm Ta2O5 – an increase of 43% from the July 2017 reserve estimate.


Last updated 17th January 2019

Geoffrey McNamara
Non-Executive Chairman

Mr McNamara has over 25 years of resource sector experience as a geologist, project manager, corporate financier and fund manager.

Mr McNamara is a partner at Medea Natural Resources, Non-Executive Chairman of Cora Gold, Non-Executive Chairman of Tesoro Resources, Non-Executive Director of Access Asia Mining and a Non-Executive Director of the Singapore Mining Club.

Previously he was an owner and Investment Director of Pacific Road Capital, a private equity manager, investing in the global mining industry. Prior to that he was a Director of Société General’s Mining Finance group in New York. Operational roles include project manager, senior mine geologist and mine geologist for Ivanhoe Mines, Lion Ore International and Western Mining Corporation.

Mark Calderwood
Managing Director

Mr Calderwood previously held the positions of chief executive officer and managing director of Tawana Resources from 2016 until it merged with its Joint Venture Partner Alliance Mineral Assets in December 2018. He has extensive experience in mineral exploration (including 7 years in pegmatite minerals) and production management.

Mr Calderwood retired as managing director of Perseus Mining Limited in January 2013 and was instrumental in the transition from an explorer to producer and a period which saw the junior explorer mature to an ASX100 company. He is also an authority on pegmatites and is a co-author of the publication ‘A Guidebook to the Pegmatites of Western Australia”

Mr Calderwood is currently non-executive director for Manas Resources Limited (since October 2017) and was formerly a director of Amani Gold Limited (from August 2014 to January 2018) and Explaurum Limited (from August 2013 to August 2016).

Mark Turner
Executive Director

Mr Turner is a mining engineer with more than 30 years of experience in the resources sector. He has been responsible for the start-up and operation of mines in Australia, Africa and Asia. He was previously general manager of operations at Resolute Mining Ltd, one of Australia’s largest gold producers and chief operating officer of CGA Mining, before its takeover by B2 Gold for C$1.1 billion in 2013.

Robert Vassie
Non-Executive Director

Mr Vassie is a mining engineer with more than 33 years’ international mining industry experience and 18 years’ experience in a range of senior management roles with Rio Tinto. He is currently the managing director & CEO of St Barbara Limited and has particular experience in operations management, resource development strategy, mine planning, feasibility studies, business improvement, corporate restructuring and strategic procurement.

Vicki Xie
Non-Executive Director

Ms Xie is an accountant with over 16 years’ experience in accounting and finance, as well as in fund raising, acquisition and private equity investment. Ms Xie has held chief financial officer, accounting and company secretary roles in both China and Australia.

Ong Kian Guan
Non-Executive Director

Mr Ong Kiang Guan has been an audit partner with Baker Tilly TFW LLP since 2005, where he is currently the head of its Assurance and Capital Market practices. He is currently also an independent director of Weiye Holdings Limited, China XLX Fertilisers Ltd, IAG Holdings Limited and RMH Holdings Limited, which are listed on the Hong Kong Stock Exchange.

Ong Kian Guan is a fellow of the Institute of Singapore Chartered Accountants. He has also previously served as a member of the Investigation and Disciplinary Panel and the Auditing and Assurance committee of ISCA.

Chan Ming Fai
Non-Executive Director

Mr Chan Ming Fai (“Mr Chan”) has over 30 years of experience in asset management, investment banking, and business consultancy. He worked for Jardine Fleming Investment Management in the 1980’s with a major responsibility to market unit trusts and asset management products in Hong Kong and subsequently in various Asian markets and was particularly instrumental in the establishment of Jardine Fleming’s Investment trust operation in Japan, Korea and Indonesia. In 1997 Mr Chan co-founded the KGI Group, which is a pan-Asian investment bank with shareholders including major corporates and institutions in Asia.

From 2003 onward, Mr Chan established business operations in various fields including NPL restructuring, and real estate development. He has also advised companies in relation to M&A transactions and IPOs. Most recently, Mr Chan assisted a company list on the GEM board of the Hong Kong Stock Exchange in April 2017.

Mr Chan is currently an independent Non-Executive Director of China LotSynergy Holdings Limited and was previously a Non-Executive Director of Burwill Holdings Limited. He is also a consultant to Windmill Group Limited.


Last updated 17th January 2019

Level 3
20 Parkland Rd
Osborne Park WA 6017

Phone: +61 8 9489 2600
Email: [email protected]

Media Relations: Nathan Ryan, NWR Communications
Phone: +61 (0) 420 582 887


Mr. Mark Turner – Non-Executive Chairman
Mr. Mark Calderwood – Managing Director
Mr. Robert Vassie – Non-Executive Director
Ms. Vicki Xie – Non-Executive Director
Mr. Geoffrey McNamara – Non-Executive Director
Mr. Ong Kian Guan – Non-Executive Director
Mr. Chan Ming Fai – Non-Executive Director


Mr Alexei Fedotov
Ms. Joanna Kiernan


Level 3, 20 Parkland Road
Osborne Park WA 6017

Telephone: + 61 8 9489 2600
Website: http://www.alliancemineralassets.com.au


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Last updated 17th January 2019