- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Tawana and Alliance Mineral Assets Sign Tantalum Offtake Deal
Tawana Resources and Alliance Mineral Assets have signed an offtake agreement for tantalum produced at their Bald Hill mine.
Tawana Resources (ASX:TAW) and Alliance Mineral Assets (SGX:AMA) have signed an offtake deal for tantalum concentrate produced at the Bald Hill lithium-tantalum mine in Western Australia.
The deal states that a leading tantalum industry specialist will purchase a minimum of 600,000 pounds of tantalum concentrate between April 2018 and December 2020. Additionally, the buyer has the option to purchase other Bald Hill tantalum, such as low-grade or non-standard material.
A prefeasibility study released in July of last year shows that Bald Hill is expected to have an annual production rate of 155,000 tonnes of spodumene concentrate and 260,000 pounds of tantalum pentoxide. It could support a 10-year operation.
The deal is being heralded as a milestone for Bald Hill, with Alliance Mineral Assets CEO Tjandra Pramoko stating, “[w]ith the Ball Hill mine due to commence tantalum production in the first half of 2018, we are pleased to have reached a tantalum supply agreement with a true market leader in the field.”
Bald Hill is fully funded and will produce lithium concentrate in addition to tantalum. First production is set to begin at the end of the current quarter.
Under a July 2017 offtake agreement, Burwill Holdings (HKEX:0024) will purchase all 2018 and 2019 lithium ore concentrate from Bald Hill, with negotiations to follow for production from 2020 to 2023.
Tawana Resources’ share price is up 237.93 percent in the last year, while Alliance Mineral Assets’ has increased by 10.53 percent over the same period.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.
The Beginner’s Guide to Investing in Gold (Australia Edition)
Ready to invest in gold? Our beginner's guide makes it simple to get started.
Download your investing guide today.
Learn About Exciting Investing Opportunities in the Gold Sector
Your Newsletter Preferences
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.
Nicole is the Editorial Content Coordinator at INN, helping to create and manage educational content with a primary focus on gold. Nicole found her passion for all things finance while working in syndication and investor relations for a boutique investment banking company. Nicole has her BA in media studies and a postgrad in public relations. She holds a diverse writing portfolio covering topics such as finance, lifestyle and travel.
Learn about our editorial policies.