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Alliance Mineral Assets Ltd sets new lithium production and shipping records at Bald Hill

March quarter production was 68% higher than the previous quarter while shipping was almost 100% higher.

Processing facilities at Bald Hill
Lithium carbonate and tantalum pentoxide are being produced at Bald Hill

Alliance Mineral Assets Ltd (ASX:A40) has notched up quarterly records for lithium production and shipping totals from the Bald Hill Lithium and Tantalum Mine in Western Australia.

Lithium production for the March quarter was 68% higher than the previous quarter with 38,291 wet metric tonnes (wmt) of high-grade spodumene concentrate produced grading 6.1% lithium carbonate.

The company also achieved a monthly production record in March when 15,012 wmt was produced with a recovery of 70% of gross feed and 79% of net feed, after removal of unprocessed fines.

READ: Alliance Mineral Assets shares surge on achieving record lithium production in January

Managing director Mark Calderwood said: “It has been an excellent quarter as the mine continues to ramp-up concentrate production through increased throughput, improved grades and recovery. 

“We are well on track to meet our guidance for the first half of 2019 of 65,000 to 80,000 wmt of lithium concentrate produced.”

During the March quarter, the company shipped a total of 44,305 dmt of concentrate, representing an almost 100% increase on the December 2018 quarter.

The shipments comprised regular sales to Jiangxi Bao Jiang Lithium Industrial Limited and a trial parcel to a new customer.

Tantalum production

Tantalum pentoxide production of 34,380 pounds in the March quarter was in line with the December 2018 quarter production of 32,700 pounds.

Three shipments of contained tantalum pentoxide totalling 38,935 pounds were made during the March quarter.

READ: Alliance Mineral Assets boosts board with financial expertise

Bald Hill produces a premium coarse concentrate with very low levels of iron, potassium, mica, moisture and less than 2% ultra-fines.

Calderwood said: “Bald Hill’s coarse spodumene concentrate is being recognised by the industry as a premium product due to its coarse size, low fines and very low level of iron and other deleterious elements.

“The company expects to select its preferred customers for the remaining offtake over the next few months.”

Spodumene from the Bald Hill project.

READ: Alliance Mineral Assets simplifies financial position by consolidating debt facilities

March 14, 2019, marked the first anniversary of lithium production at the mine, which is 50 kilometres southeast of Kambalda in the Eastern Goldfields region.

The mine is around 75 kilometres southeast of the Mt Marion lithium operation and about 350 kilometres by road from the Port of Esperance.

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Alliance Mineral Assets posts record quarterly results, inks MoU for...

Alliance Mineral Assets Ltd (ASX:A40) managing director Mark Calderwood updates Proactive Investors on the lithium producer's record quarterly production at its Bald Hill Lithium Mine, up 68% from the December quarter last year. "We expected this - this is nameplate production, our costs...

on 1/5/19

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