Proactive Investors - Run By Investors For Investors

Alliance Mineral Assets achieves strong quarterly lithium production at Bald Hill

Drilling activities are anticipated to ramp up at the Bald Hill project later in the year.
Bald Hill operations
The Bald Hill project is 50 kilometres southeast of Kambalda in WA's Eastern Goldfields

Alliance Mineral Assets Limited (ASX:A40) has achieved another strong quarter of production from its Bald Hill Lithium and Tantalum Mine in WA with 38,717 wet metric tonnes (wmt) of high-grade lithium concentrate produced grading 6.2% lithium oxide.

This represents a slight increase in tonnage and about a 3% increase in contained lithia from the March 2019 quarter production of 38,291wmt at 6.1% lithium.

Total half year lithium production was 77,008wmt at 6.15% lithium, equating to 78,937 wmt of 6% lithium equivalent, which was at the upper limit of previous production guidance.

READ: Alliance Mineral Assets appoints Beverley Nicholas as joint company secretary

There were 18,669 dry metric tonnes (dmt) of concentrate shipped to Jiangxi Bao Jiang Lithium Industrial Limited (JBJLIL) during the quarter, representing a total of around 58,063dmt shipped to JBJLIL during the half year.

The JBJLIL contract provides for 98,000 to 118,000dmt for 2019 inclusive of the 2018 product shipped in February 2019.

Total shipments for the half year recorded 62,994dmt, including a trial shipment to a new customer of about 4,935dmt.

READ: Alliance Mineral Assets welcomes Galaxy Resources as a substantial shareholder

There were 35,970 pounds of tantalum pentoxide produced, which was in line with the previous quarter production of 34,380 pounds.

The Bald Hill operation produces a premium coarse lithium concentrate with very low levels of iron, potassium, phyllosilicate minerals, water and less than 2% ultra-fines.

 

View full A40 profile View Profile

Alita Resources Ltd Timeline

Related Articles

First ore is loaded at Edna Beryl mine
January 21 2019
Emmerson sold Edna Beryl to Territory but will get 12% of gold ore produced.
The Predictive-Toro joint venture projects are in the country’s north
February 22 2019
The company’s JV with Toro is producing results on the exploration front.
A Ghana map showing its capital Accra
January 16 2019
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.

© Proactive Investors 2019

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