ENERGY MINERALS

Alliance production improves

ALLIANCE Mineral Assets has heralded another strong quarter from its Bald Hill lithium-tantalum mine near Kalgoorlie in Western Australia with an increase in concentrate produced and contained lithia as it works through its improvement and optimisation projects.

 Alliance continues to improve Bald Hill.

Alliance continues to improve Bald Hill.

The mine produced 38,717 wet tonnes of concentrate grading 6.2% lithium oxide, up from of 38,291t at 6.1% Li2O in the March quarter.
 
That brings Alliance's half year total output to 77,008t at 6.15% Li2O, at the upper limit of previous production guidance.
 
It is targeting 65,000-80,000t of production in the second half of the year.
 
For the six-month period, around 62,994t was shipped, including a sample of almost 5000t to a new customer.
 
Tantalum pentoxide production of 35,970 pounds was in line with the previous quarter.
 
Separately, as part of its optimisation projects, testwork to remove tantalum from lithium concentrate has been completed successfully.
 
The company said this morning it was "gaining (a) strong reputation for premium quality concentrate".
 
Alliance has resumed infill and exploration drilling around the mine and mill and, based on evidence of extensive mineralised pegmatites, expects to deliver an upgraded reserves and resources statement in September.
 
Around half its lithium is under offtake agreements and it is in discussions with other parties underway for the balance of production.
 
Shares in the miner were up 4% to 13.5c this morning, valuing the company at $199 million. It has traded between 12.5-33c over the past year. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.