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| 15-Mar-2017 07:50 |
Alita Resources
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alliance mineral resources move up
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Singapore ALLIANCE Mineral Assets is in a hurry like no other. The Australian mining group, which is on the trail of a commodity that some say is hotter than gold, is working at full speed to start production by the end of this year. The commodity in question: lithium, a key ingredient in lithium-ion batteries used in electric vehicles and energy-storage systems which are expected to become more prevalent over the next decade. Alliance Mineral is now working to complete its resource estimate, which is expected to be released in early April. After that, it will be all systems go. With it, the firm will be able to complete its feasibility study for the production of lithium and tantalum, and award the engineering, procurement and construction (EPC) contract for mine infrastructure. It can then also finalise offtake agreements with potential partners that it is already in discussion with. " Once we come out with the proper reserve (estimate), the project will run," said its CEO Tjandra Pramoko in an interview with The Business Times. Alliance Mineral first turned to lithium in April last year, after prices for tantalum - a rare metal used in electronic devices which it began producing in December 2015 - fell some 50 per cent from two years ago. Instead of continuing to mine tantalum at a loss, the company decided to pause and look at other options. At that point in time, the only two minerals in Australia that were doing well were gold and lithium. While the group had previously found lithium in its exploration work for tantalum, it did not produce lithium as the prices were low. With lithium prices having more than doubled from the end of December, it now made sense. " (It was) only in the last few years that people started to notice that Australia is the world' s largest pegmatite producer," said Mr Pramoko. " So now we' re going back in time, pulling out all the drill results and re-checking everything." After a few months, the group entered into a joint venture agreement with a company called Lithco 2, which was acquired by Australia-listed Tawana Resources in December last year. Tawana has since been drilling at Alliance Mineral' s Bald Hill project to test for lithium resources. " The drilling has been incredible - the numbers are very good," said Mr Pramoko. Initial test results have shown that at a crush size of 6.3mm, 93.7 per cent of the spodumene - from which lithium is extracted - has a relatively high grade concentration of 5.08 per cent of lithium oxide before cleaning. With further refinement through a process known as beneficiation, this can be further improved up to 6.73 per cent. Mr Pramoko said that the industry standard for concentrate is 5.5-6 per cent. Lithium is produced from two main sources: brine and hard rock. In the first, lithium-rich brine concentrate is extracted from beneath salt lakes found mainly in South America in a capital-intensive process that is slow to respond to market conditions but generally lower cost. In the second, which is dominated by Australia, spodumene is mined and processed to extract lithium in a process that can be started faster than brine but is more costly to operate. While there are some 60 companies on the Australian Securities Exchange with lithium projects or lithium exploration plans, according to an Australian Finance Review article, Alliance Mineral bills itself as the only lithium company on the Singapore Exchange. With the lithium discovery last year, its share price has tripled from a low of 5.7 Singapore cents in June last year. By producing both lithium and tantalum, the firm hopes to cushion itself from volatile prices. It also allows the group to capture more revenue. " You' re mining on the same rock, so the cost of mining is actually only one cost but you get two products," said Mr Pramoko. But to be able to also produce lithium, the group has to build a density media separation (DMS) circuit, which separates the minerals through a spinning process akin to that in a washing machine. Money for the DMS system will come from Tawana' s committed expenditure under the earn-in agreement. Under the agreement, Tawana is required to spend a minimum of A$7.5 million (S$8 million) on exploration, evaluation and feasibility by the end of this year. Upon completion of this, it is entitled to half of all rights to lithium minerals in the project. Tawana also has to spend A$12.5 million in capital spending for upgrading and converting the plant to process ore from the project by the end of 2019. With this, it will be entitled to a 50 per cent interest in the project, including all minerals from the tenements, the processing plant and other infrastructure. Given that Tawana is the one forking out the funds required for Alliance Mineral to progress, the latter is " sitting in a very good position because we still have cash in the bank with a very small burn rate" , said Mr Pramoko. The group, which posted a loss of of A$2.26 million for the six months ended December 31, has A$3.34 million in cash as at the same date. If all goes according to plan, Alliance Mineral will commission the DMS system in October, and start lithium production by the end of this year. Alliance Mineral will sell rough lithium concentrate to China, but process the fine concentrate with its existing plant previously used for only tantalum. The company is still in discussion with possible lithium offtake companies ranging from battery producers and converters to end users. " We are choosing now which one we want to go with," said Mr Pramoko. With a tenement portfolio of 59,000 hectares - an area slightly smaller than Singapore - the company believes it is only at the start of its journey. " Right now we' re only touching less than one per cent of our tenement," said Mr Pramoko' s wife Simone Suen, who is also executive director of the company. " There' s still a lot to go."  sandrea@sph.com.sg @AndreaSohBT
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| 15-Mar-2017 07:23 |
Alita Resources
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alliance mineral resources move up
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Reported in Business Times. DYODD.
Alliance Mineral Assets gears up for lithium Bonanza. The only lithium company on the Singapore Exchange is completing its resource estimate of a commodity that some say is hotter than gold it aims to start production by year end. Article: Alliance Mineral Assets gears up for lithium bonanza "ALLIANCE Mineral Assets is in a hurry like no other. The Australian mining group, which is on the trail of a commodity that some say is hotter than gold, is working at full speed to start production by the end of this year." "The drilling has been incredible - the numbers are very good," says Mr Pramoko, on the outcome so far of drilling at Alliance Mineral's Bald Hill project in Australia to test for lithium resources. 'Gears up for lithium bonanza. Alliance Mineral is now working to complete its resource estimate, which is expected to be released in early-April. With it, the firm will be able to complete its feasibility study for the production of lithium and tantalum, and award the engineering, procurement and construction (EPC) contract for mine infrastructure. It can then also finalise offtake agreements with potential partners that it is already in discussion with. "Once we come out with the proper reserve (estimate), the project will run," said its CEO Tjandra Pramoko.'
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| 14-Mar-2017 15:52 |
Alita Resources
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alliance mineral resources move up
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If there is a Cobalt mining company listed on SGX? Cobalt metal is also very tight in the global market now.One of the important component for battery production.
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| 14-Mar-2017 11:27 |
Alita Resources
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alliance mineral resources move up
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During last AGM on 26 Oct 16. I did ask the Director regarding the meeting with TMK.They did met up but the director did'nt give us any material information.
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| 07-Mar-2017 16:27 |
Yoma Strategic
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YOMA
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wow!YOMA!YOMA!...up...
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| 07-Mar-2017 16:25 |
Yoma Strategic
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YOMA
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| 03-Mar-2017 07:49 |
Alita Resources
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alliance mineral resources move up
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" ASX code ...type " TAW"
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| 03-Mar-2017 07:46 |
Alita Resources
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Announcement from TAWANA - Access the link below for updates of Maiden Lithium Resource Drilling ... http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode& asxCode=taw& timeframe=D& period=W
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| 01-Mar-2017 18:14 |
Alita Resources
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It chiong NE when you least expected it. If you can go buy a copy of The Edge Singapore, they interview the CEO...and in it he says the company could be worth a billion dollars in 2 -3 years time.The tenement is 59 hectare and they only explored only about 5% of it. Just think of the potential/worth of this company. Anyway, March will be key to the company announcement of their maiden reserve/resource and hopefully sign the offtake arrangement with Mitsubishi or some chinese lithium converters. Stay tuned.DOYDD.
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| 28-Feb-2017 23:49 |
Alita Resources
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This print extract from The Edge Singapore. Thinking of investing in lithium and tantalum mines? This stock should pique your interest By:
Kang Wan Chern
SINGAPORE (Feb 24): Alliance Mineral Assets (AMA) has seen heavy trading since announcing on Feb 13 that it could be in business by year-end. The Catalist-listed lithium and tantalum miner has confirmed the presence of high-quality grades of lithium at unusually high concentration levels of 7.1% at its Bald Hill Project near Perth in Western Australia. AMA CEO Tjandra Pramoko and his wife, executive director Simone Suen, acquired the Bald Hill Project in 2008 to mine for tantalum. Exploration activities had been conducted at the mine since the 1960s, and tantalum mining done in the area since the 1970s. According to Tjandra, 97% of the mine is still undeveloped. Now, AMA is exploring the 59,000ha site for lithium in a 50:50 joint venture (JV) with Australian miner LithCo. The JV was signed last June. LithCo has invested A$20 million ($21.8 million) in the JV, comprising A$7.5 million for exploration and feasibility studies entitling it to 50% interest in the lithium rights at Bald Hill &ndash and another A$12.5 million in capital expenditure, giving it the right to earn 50% interest in all the minerals mined and processed. &ldquo There is always a suite of minerals in a single mine. So, when there is tantalum, there is always lithium. We just didn&rsquo t know that our lithium was of such high head-grade,&rdquo says Tjandra. &ldquo In addition, our minerals happened to be much easier to separate and extract than any other mine in Australia. That&rsquo s why LithCo came in so fast and how we are already at the final stages of our feasibility study so soon after discovery.&rdquo Once production commences by year-end, Tjandra expects to mine and sell about 20,000 tonnes of lithium a year through offtake partnerships with Mitsubishi and other manufacturers. So should investors jump in? Read more about AMA&rsquo s progress as well as the risks involved in mining companies in this week&rsquo s edition of The Edge Singapore (Issue 768, week of Mar 5), available at major bookstores, 7-11 stores, and selected petrol stations.
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| 28-Feb-2017 09:38 |
Alita Resources
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alliance mineral resources move up
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IPO price in 2014 was $0.23 cents. Hope it will reach there soon...
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| 25-Feb-2017 16:51 |
Alita Resources
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Great proposal. Why not you get https://iceberg-research.com/ to do a research on AMAL?
Hope they can come up with 'something'. Thank you very much in advance.
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| 24-Feb-2017 20:58 |
Yoma Strategic
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YOMA
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YOMA May have more announcements in the coming weeks,especially related to YOMA Central project. I wonder whether YOMA is planning to raise fund,like rights issues or private placements, for the project. https://www.metrogroup.de/en/investor-relations/ir-news/2017/02/24/metro-group-and-yoma-strategic-holdings-sign-joint-venture-in-myanmar
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| 24-Feb-2017 20:51 |
Alita Resources
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DYOR from the link below and hope it clarifies all your doubts: http://spcagent.io/taw/wp-content/uploads/sites/26/2016/11/261016-Capital-Raising.pdf http://spcagent.io/taw/wp-content/uploads/sites/26/2016/11/070116-Cleansing-Notice-and-Appendix-3B.pdf http://spcagent.io/taw/wp-content/uploads/sites/26/2017/01/Investor-Presentation-November-2016_Final_ASX.pdf http://spcagent.io/taw/wp-content/uploads/sites/26/2017/01/160117-BALD-HILL-FEASIBILITY-AND-DETAILED-DESIGN-FINAL.pdf
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| 24-Feb-2017 13:06 |
Alita Resources
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I am vested in AMAL becos Lithium is hot...sought after by Lithium converters in China. Price moving up or down is normal...but AMAL is in an envious position to take advantage of the huge global demand for Lithium and it is going to a Lithium producer by 4Qtr 2017. I am pretty sure its stock is going to move upward... DYOR: http://www.visualcapitalist.com/?s=Lithium+
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| 24-Feb-2017 08:45 |
Alita Resources
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Today is going to be AMAL rally...Go AMAL!
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| 24-Feb-2017 00:24 |
Alita Resources
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Thank You Zindarion for your kind reminder.if you read about Lithium in today's global market,especially the Chinese Lithium batteries-ion mfg,especially for EVs,they are all hunting for Lithium.The demand is huge and supply is low.Therefore, investors or funds who are in the know would buy into this mining company,in my opinion.I am not too sure BB would short or sell down- not easy I think.
Only way for this stock is up ... $0.50 cents in weeks? Of course everyone has to DYODD.
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| 23-Feb-2017 23:47 |
Alita Resources
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What is the potential of AMAL and its JV partners are worth...if the maiden estimate resources/reserve are out by end of March 17( and going by all the report it has previously announced - it would be substantial,in my opinion) Just look at Galaxy Resources Lithium Concentrate prcing: LITHIUM CONCENTRATE PRICING CONFIRMED FOR CY2017 Highlights ▪ Binding agreements signed with current Chinese customers for CY2017 ▪ 120,000 tonnes of lithium concentrate sold for 2017 delivery at US$905/t (FOB Esperance) for 6% Li2O ▪ Following initial production from Mt Cattlin which yielded higher than anticipated grades after flow sheet redesign, Galaxy is now confident of producing an improved 6% grade lithium concentrate product ▪ Galaxy is currently discussing more longer term arrangements with its existing customers beyond 2017, and will also look at options to diversify its customer base ▪ Offtake arrangements to settle through partner Mitsubishi Corporation Offtake Agreement Galaxy Resources (ASX:GXY) (" Galaxy" ) (" the Company" ), is pleased to announce it has sold 120,000 tonnes of lithium concentrate from the Mt Cattlin Project in Ravensthorpe, Western Australia, for US$830 per tonne (FOB, minimum 5.5% Li2O) to be delivered in calendar year 2017, having signed binding agreements with its existing China-based buyers. Customers will also be paying an additional US$15/t for every 0.1% improvement in grade of Li2O delivered, resulting in an agreed price of up to US$905/t for a 6% lithium concentrate. The sale of this 120,000 tonnes of lithium concentrate is with chemical converters in China who produce both lithium carbonate and lithium hydroxide. The Company' s current guidance for 2017 is for 160,000 tonnes of lithium concentrate production, based on an approximate 50% recovery - this production level will satisfy both the outstanding balance of 2016 contracted volumes to be delivered, as well as the newly contracted 2017 volumes. The Company intends to continue on working to improve recovery at the Mt Cattlin processing plant and with any incremental production available in the future, it will look to place such volume to existing and/or new customers.
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| 23-Feb-2017 23:05 |
Alita Resources
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Read this write-out from Nextinsight regarding AMAL below: https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11327-alliance-mineral-assets-up-60-in-6-weeks-as-lithium-production-nears
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| 23-Feb-2017 21:59 |
Alita Resources
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Yes.Announced.Will cross $0.20 cents 2moro. ALLIANCE MINERAL ASSETS LIMITED (Company Registration Number: ACN 147 393 735) (Incorporated in the Australia on 6 December 2010) ENTRY INTO FARM-IN AGREEMENT 2. ENTRY INTO FARM-IN AGREEMENT Further to the Announcements and the Circular, the Board wishes to update Shareholders that the Company and Lithco (collectively, the &ldquo Parties&rdquo ) have on 23 February 2017 entered into a farm-in agreement (&ldquo Farm-in Agreement&rdquo ) with Lithco for, inter alia, the following: (a) AMA to grant Lithco the right to earn in to acquire an interest of 50% as tenant in common in the lithium rights in the Tenements and the mining information that relates to lithium (&ldquo Lithium Rights Interest&rdquo ) upon completion of Expenditure Commitment, and subject to further completion of Capital Expenditure, the right to earn in to acquire an interest of 50% as tenant in common in the Tenements, the Plant and in the mining information (&ldquo Project Interest&rdquo ) (b) The Parties agree that if the Lithco acquires the Lithium Rights Interest pursuant to the Farm-in Agreement then the Parties shall associate themselves as a joint venture for the exploration and commercial exploitation of lithium on the Tenements (&ldquo Lithium Rights JV&rdquo ) and (c) Furthermore, if the Lithco acquires the Project Interest, then the Parties shall associate themselves as a joint venture (which will replace any existing joint venture that may have been formed in (b) above) for the exploration and commercial exploitation of all minerals on the Tenements (&ldquo Project JV&rdquo ), on the terms and conditions set out in the Farm-in Agreement. Under the Farm-in Agreement, the Parties will in good faith seek to agree on the terms of the joint venture agreements (&ldquo JVAs&rdquo ) governing the Lithium Rights JV and Project JV as soon as possible following the date of the Farm-in Agreement, on the basis that they should be consistent with the terms of the Farm-in Agreement and contain terms and conditions that are customary for arrangements of that nature in the Western Australian mining industry which are approved by the boards of the Company and Lithco. Further, under the Farm-in Agreement, Lithco is required to spend, AUD12,500,000 in Capital Expenditure prior to 31 December 2019. Save for the set out in the Binding Terms Sheet and/or the Circular. The Company endeavours to finalise the respective JVAs with Lithco as soon as practicable and in any case prior to the fulfilment of the respective Expenditure Commitment and Capital Expenditure by Lithco.
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