Alita Resources Ltd

Alliance Mineral Assets appoints Beverley Nicholas as joint company secretary

The company’s flagship project is the Bald Hill Lithium and Tantalum Mine 50 kilometres southeast of Kambalda in the Eastern Goldfields of WA.

Bald Hill operations
Drilling activities are anticipated to ramp up in 2019

Alliance Mineral Assets Limited (ASX:A40) (SGX:40F) has appointed Beverley Nichols as joint company secretary a role in which she will serve alongside Alexei Fedotov.

Nichols is a governance professional with experience in a broad range of ASX listed companies, predominantly in the resources sector.

The board wishes to take this opportunity to welcome Nichols to the company.

READ: Alliance Mineral Assets maintains speculative buy recommendation from Hartleys

In June the company obtained quarterly records for lithium production and shipping totals from its Bald Hill Lithium and Tantalum Mine in Western Australia.

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

Hartleys has maintained its speculative buy recommendation on Alliance given the strong quarterly production.

READ: Alliance Mineral Assets to list strategic placement shares on SGX Catalist

In May new shares related to its recent placements were to be be listed on the Catalist Board of the Singapore Exchange (SGX-ST).

The new shares were to be issued to Galaxy Resources Ltd (ASX:GXY) and a subsidiary of China-based Jiangxi Special Electric Motor Co (Jiangte).

The institutional placement with Galaxy will comprise the issue of 112.5 million shares whereas Jiangte will receive 50 million through a conditional placement.

Both placements were not underwritten and were managed and arrangement by Canaccord Genuity who were to be issued 6.125 million shares as placement fee.

Quick facts: Alita Resources Ltd

Price: $0.08

Market: ASX
Market Cap: $121.07 m
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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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