logo-loader
Alita Resources Ltd

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.

 

Quick facts: Alita Resources Ltd

Price: $0.08

Market: ASX
Market Cap: $121.07 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alita Resources Ltd named herein, including the promotion by the Company of Alita Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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

2 min read