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Alita Resources Ltd

Alliance Mineral Assets posts record quarterly results, inks MoU for hydroxide production

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 have been driven down, about a 33% decrease in cost per tonne as the production tonnages increase," says Calderwood.

He also noted Alliance's memorandum of understanding with China-based Jiangte, formed to develop the terms on which the parties will produce and sell battery-grade lithium hydroxide in a 50:50 joint venture.

The JV will enable Alliance to participate in downstream processing without any capital expenditure and will fast-track lithium hydroxide production to as early as this year.

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Alliance Mineral Assets sets new quarterly lithium production record at Bald...

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 and Tantalum Mine in Western Australia.    Lithium production for the March quarter was 68%...

on 8/4/19

2 min read