• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    1. Home>
    2. Australia Investing>
    Loading...
    0

    Alliance Breaks Monthly Lithium Production Record at Bald Hill

    Olivia Da Silva
    Feb. 07, 2019 04:45PM PST

    Alliance Mineral Assets shaw its share price skyrocket 18.18 percent on the ASX on Thursday after the news hit.

    Alliance Breaks Monthly Lithium Production Record at Bald Hill

    Alliance Mineral Assets (ASX:A40) has achieved record monthly lithium production at its Bald Hill lithium-tantalum project in Western Australia.

    In January 2019, the company produced 13,160 tonnes of lithium concentrate at an estimated grade of 6.15 percent lithium oxide (Li2O).


    Bald Hill processed 131,400 tonnes of ore at an average rate of 237 tonnes per hour, putting it 30 percent above nameplate capacity and 23 percent higher than throughput in December 2018.

    With a head grade of 0.93 percent Li2O and gross recovery of 64.2 percent, January’s lithium concentrate production was 28 percent higher than December 2018.

    “Lithium concentrate production for January 2019 was up 28 percent on December 2018 total production and is an excellent start to the current quarter. The quantity of lithium concentrate shipped over the last week is also a record for Alliance,” Alliance Managing Director Mark Calderwood said in a statement.

    The company shipped 20 tonnes of tantalum grading approximately 30 percent tantalum pentoxide (Ta2O5) in January. Shortly afterwards, Alliance sent off 23,232 wet metric tonnes of lithium concentrate on February 2 and 3; it is expected to bring in AU$26 million in revenue.

    Alliance is planning to ship an additional 20 tonnes of tantalum, also grading 30 percent Ta2O5, on Friday (February 8). Going forward, the company intends to also ship — or prepare for shipment — 30,000 tonnes of lithium concentrate during the March 2019 quarter.

    “A number of requests for lithium concentrate are currently being reviewed and we expect to ship, or have ready for shipment an additional 30,000 tonnes of premium quality lithium concentrate during the quarter. Interest in long term off take for Bald Hill’s high-grade lithium concentrate remains strong,” Calderwood added.

    Lithium concentrate guidance for the half year to June 30 is still docketed at 65,000 to 80,000 tonnes.

    Bald Hill was formerly a 50/50 joint venture between Alliance and Tawana Resources; however, the two companies merged in December 2018, making Alliance the sole owner and operator.

    Alliance’s share price skyrocketed 18.18 percent on the ASX on Thursday (February 7), closing the trading day at AU$0.195 per share.

    Don’t forget to follow us @INN_Resource for real-time news updates!

    Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

    The Conversation (0)
    Go Deeper
    AI Powered
    Lithium periodic symbol and electric vehicle.

    7 Biggest Lithium-mining Companies in 2025

    Silver square with the lithium periodic symbol standing upright next to lithium metal.

    Top 9 Lithium-producing Countries

    Olivia Da Silva

    Olivia Da Silva

    A graduate of Durham College's broadcast journalism program, Olivia has a passion for all things newsworthy. She got her start writing about esports (competitive video games), where she specialized in professional Call of Duty coverage. Since then, Olivia has transitioned into business writing for INN where her beats have included Australian mining and base metals.

    Latest News

    Incentive Regime for HMW Project in Argentina

    EUR Sells 0.5m CRML Shares for U$1.8m (A$2.7m)

    Trading Halt

    Lo Herma Drilling Permit & Contract Confirmed

    Sarama Resources Completes Mt Venn Gold Project Acquisition

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    International Lithium Corp.

     
    ILC:CA

    Metals Australia

     
    MLS:AU

    Lithium Africa

    Atlantic Lithium

     
    A11:AU

    Galan Lithium

     
    GLN:AU

    Jindalee Lithium

     
    JLL:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×
    Olivia Da Silva

    Olivia Da Silva

    A graduate of Durham College's broadcast journalism program, Olivia has a passion for all things newsworthy. She got her start writing about esports (competitive video games), where she specialized in professional Call of Duty coverage. Since then, Olivia has transitioned into business writing for INN where her beats have included Australian mining and base metals.

    Full Bio

    Learn about our editorial policies.