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

San Jose project in Spain
January 29 2019
A scoping study demonstrated the company could produce battery-grade lithium hydroxide from Spanish project.
Open pit operations have focused on Matilda
January 27 2019
Reserve expansions and a Wiluna expansion DFS are upcoming milestones.
May 09 2019
Gold explorer's next move is to carry out geophysical surveys at its main prospect

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use