Alita Resources    Last:0.078   -

alliance mineral resources move up

T is looking for 50cts.

Johntanny0      ( Date: 01-Oct-2017 11:18) Posted: What is a good tp to sell this share given the recent rise? Thanks in advance

 

What is a good tp to sell this share given the recent rise? Thanks in advance

 

Hi Foo
A warm welcome onboard SJ.
I am vested and positive about AMAL.

Foo2019      ( Date: 01-Oct-2017 09:33) Posted: Hi Atom, ​ I m new to this website. I am from Adelaide, Australia. I strongly believe in Alliance Mineral (time will prove it)  as Tesla will be builidng one of the larger battery station in South Australia with 100 days to supplement current energy shortage as we always faced blackout during the summer period and our production will be shut down for several hours. ​ FYI, most of our house is solar powered so we can enjoy free electricity during the daytime. If the lithium battery price falls, we can power up our house  at night time(storing energy during day time instead of sending energy back to Grid)  through solar energy instead of using electricity from the Grid (one of the higher electricity price in the world). It is a pain in the ass...LOL..

 

http://www.abc.net.au/news/2017-09-29/elon-musk-tesla-world-biggest-battery-reaches-halfway-mark/9001542

 

http://www.abc.net.au/news/2017-09-27/massive-tesla-battery-to-power-logan-reservoir/8993474

 

Hi Atom,

​ I m new to this website. I am from Adelaide, Australia. I strongly believe in Alliance Mineral (time will prove it)  as Tesla will be builidng one of the larger battery station in South Australia with 100 days to supplement current energy shortage as we always faced blackout during the summer period and our production will be shut down for several hours.

​ FYI, most of our house is solar powered so we can enjoy free electricity during the daytime. If the lithium battery price falls, we can power up our house  at night time(storing energy during day time instead of sending energy back to Grid)  through solar energy instead of using electricity from the Grid (one of the higher electricity price in the world).

It is a pain in the ass...LOL..

 

 

Taken from Seekingalpha.com...

Alliance Mineral Assets Limited ((" AMAL" )) [SP:AMS] / Tawana Resources (subsidiary Lithco) [ASX:TAW]

On August 2, Tawana Resources announced, " that extensional step-out drilling at the Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries. The discoveries are likely to add significantly to the current Resource base."

On August 15, Tawana Resources announced: " Lithium mine set for 2018 production as new plant construction begins. The mine has a maiden indicated and inferred mineral resource estimate of 12.8 million tonnes at 1.18 per cent lithium oxide."

On August 16 Tawana Resources shared a newspaper report, " Lithium mine work begins | Kalgoorlie Miner." Of interest was - " The project, with an initial life of 3.6 years producing 155,000 tonnes of spodumene concentrate and 260,000 pounds of tantalum pent-oxide a year, is backed by a $US880/t offtake deal with Hong Kong-listed Burwill Holdings. Resource definition drilling at Bald Hill, which is considered under-explored, could extend the life of the project out to 10 years."

Investors can read the Tawana August presentation here. Tawana/Alliance have a binding 5 year off-take agreement, and plan to start shipping their spodumene in Q1, 2018.
https://seekingalpha.com/article/4102339-lithium-miners-news-month-august-2017

Atom99      ( Date: 30-Sep-2017 20:38) Posted: While waiting for the announcement of the   Resource and Reserve upgrade in October,let' s revisit the announcement of 2 August ... " The results are expected to add significantly to Inferred Resources and the current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation of a Resource and Reserve upgrade in October " In my opinion,  the total  maybe  in the region  of 10 mt  Indicated Resources based on the above-mentioned statement. Did I miss anything?   Significant High-Grade Lithium Discoveries Tawana Resources NL (ASX: TAW) (Tawana or the Company) and Alliance Mineral Assets Limited (SGX:AMA) (AMAL) are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries. The discoveries are likely to add significantly to the current Resource base. Highlights ▪ New zone of high-grade pegmatites discovered south of Boreline pits, starting close to surface. Significant results include: - 6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03 - 8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li2O from 138m in LRC0594 - 13m at 1.24% Li2O from 56m in LRC0609 - 12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611 and - 15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612. The mineralised pegmatites remain open to the south east. ▪ Extensional drilling continues to expand on existing Resource footprint. Significant intercepts include: - 22m at 1.09% Li2O from 97m in LRC0663 - 21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464 - 20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465 - 6m at 1.99% Li2O from 34m in LRC0520 and - 10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in LRC0432. ▪ Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below the starter pit and contains high-grade lithium and tantalum. Significant results include: - 6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308 - 19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557 - 10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5 in LRC651 and - 5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096. ▪ Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource area: - 4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including 2m at 1.84% Li2O in KCBPB05 Tawana Resources Managing Director Mark Calderwood stated: " The footprint of the lithium and tantalum mineralised pegmatites has been expanded significantly in the last two months with exciting discoveries to the south east of the Boreline pits and below the starter pit. The results are expected to add significantly to Inferred Resources and the current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation of a Resource and Reserve upgrade in October. We remain on track to become Australia&rsquo s next lithium producers with our first shipment planned for the first quarter of 2018."

 

While waiting for the announcement of the   Resource and Reserve upgrade in October,let' s revisit the announcement of 2 August ...

" The results are expected to add significantly to Inferred Resources and the current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation of a Resource and Reserve upgrade in October "

In my opinion,  the total  maybe  in the region  of 10 mt  Indicated Resources based on the above-mentioned statement.

Did I miss anything?

 

Significant High-Grade Lithium Discoveries

Tawana Resources NL (ASX: TAW) (Tawana or the Company) and Alliance Mineral Assets Limited (SGX:AMA) (AMAL) are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries. The discoveries are likely to add significantly to the current Resource base.

Highlights

▪ New zone of high-grade pegmatites discovered south of Boreline pits, starting close to surface. Significant results include:

- 6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03

- 8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li2O from 138m in LRC0594

- 13m at 1.24% Li2O from 56m in LRC0609

- 12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611 and

- 15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612.

The mineralised pegmatites remain open to the south east.

▪ Extensional drilling continues to expand on existing Resource footprint. Significant intercepts include:

- 22m at 1.09% Li2O from 97m in LRC0663

- 21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464

- 20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465

- 6m at 1.99% Li2O from 34m in LRC0520 and

- 10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in LRC0432.

▪ Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below the starter pit and contains high-grade lithium and tantalum. Significant results include:

- 6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308

- 19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557

- 10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5 in LRC651 and

- 5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096.

▪ Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource area:

- 4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including 2m at 1.84% Li2O in KCBPB05

Tawana Resources Managing Director Mark Calderwood stated: " The footprint of the lithium and tantalum mineralised pegmatites has been expanded significantly in the last two months with exciting discoveries to the south east of the Boreline pits and below the starter pit.

The results are expected to add significantly to Inferred Resources and the current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation of a Resource and Reserve upgrade in October.

We remain on track to become Australia&rsquo s next lithium producers with our first shipment planned for the first quarter of 2018."

 

 

What? Why am I fear mongering? Are you fearing what i' ve been posting in this forum? Omg. And you fear me? Please go wash your face and read my postings again and again. Good luck  

LacOperon      ( Date: 29-Sep-2017 17:05) Posted: I hope your short is fruitful. Closed at 0.3 today. I think you should start a new account to pursue your agenda of fear mongering, your credibility is almost non-existent already. papayaface      ( Date: 29-Sep-2017 15:31) Posted: Remember that today is Friday. So short AMA  at 30 cts. Good  luck

 

Tesla founder Elon Musk inks deal with energy regulators to build world&rsquo s biggest battery in Jamestown

http://www.news.com.au/national/south-australia/tesla-founder-elon-musk-inks-deal-with-energy-regulators-to-build-worlds-biggest-battery-in-jamestown/news-story/741ec11c08568ee679f9ca1736696414

 

Car industry revolution fuels Western Australia' s lithium boom

http://www.abc.net.au/news/2017-07-29/car-industy-lithium-revolution-driving-next-mining-boom-in-wa/8748322?section=business

Atom99      ( Date: 29-Sep-2017 18:01) Posted: EV revolution and the LITHIUM BOOM https://spark.adobe.com/page/bzqFrgcsdBmwi/ Atom99      ( Date: 29-Sep-2017 17:18) Posted: Chinese vehicle manufacturer invests in Pilbara Minerals Pilbara Minerals has inked a multi-pronged supply and investment agreement with a major Chinese car company in what is expected to be the first in a wave of investment by electric vehicle manufacturers in to the burgeoning lithium sector. The deal with Great Wall Motor Company, announced late on Thursday, includes an agreement to sell up 150,000 tonnes a year of product from Pilbara' s Pilgangoora project in Western Australia, a $28 million equity investment and the potential for $US50 million debt financing. It makes the Perth-based company the first Australian lithium player to agree to sell some of its product to a vehicle manufacturer and the first lithium company globally to receive direct investment from a car company. Lithium producers and industry analysts had begun suggesting it was likely electric vehicle manufacturers, as well as the companies that make the lithium-ion batteries that power the vehicles, would invest in lithium mining companies or their projects to secure supply.   The rapid forecast adoption rates of electric vehicles and energy storage systems has boosted demand and pricing for lithium and raised some concerns about whether current and impending supply will be able to meet demand. Pilbara Minerals managing director Ken Brinsden said the company had fielded considerable interest in its planned production from battery and vehicle manufacturers globally. " People are probably overestimating the capacity of the supply base to respond and underestimating the growth in raw material demand," Mr Brinsden said. " Those two factors combined I think indicate the lithium market is going to be short for a while. It is quite incredible our experience as to the number of people that want to engage and secure product." Chinese powerhouse   Great Wall is listed in Hong Kong and Shanghai, with a market capitalisation of about $US18 billion. One of China' s biggest vehicle manufacturers, Great Wall had begun the transition to a fleet that included more hybrid and wholly-electric vehicles, Mr Brinsden said. " Their objective is to be a battery manufacturer in support of the roll out of the electrification of their vehicle fleet&hellip and they are investing very heavily based on the facilities we have seen and they are not the only one in China that is doing it," he said. " Each of the Chinese manufacturers are going down a similar path with the objective of reducing emissions and satisfying the policy position of the central government. They also see an opportunity to leap frog the rest of the industry and become leaders in the EV space."   Under the binding terms sheet, which is expected to be formalised by the end of October, Great Wall will make an upfront $28 million equity investment in Pilbara for about a 3.5 per cent stake. It also has the right to secure up to 75,000 tonnes a year of spodumene concentrate from the second phase of Pilgangoora, which Pilbara is studying and expects to make a final investment decision on in mid-2018. It can secure a further 75,000 tonnes by committing to provide the company with $US50 million of debt financing within 60 days of the company completing its phase two study. The deal also gives Pilbara a right to participate in a downstream processing option.   Pilgangoora could produce more than 800,000 tonnes a year if stage two was developed. Mr Brinsden said he saw the deal as a potential " catalyst for the industry" , saying it could spur other manufacturers to consider securing supply and in turn provide some of the funding required to develop the lithium projects needed to meet demand. Read more: http://www.afr.com/business/mining/chinese-vehicle-manufacturer-invests-in-pilbara-minerals-20170928-gyqjxf##ixzz4u3debsHk

 

EV revolution and the LITHIUM BOOM
https://spark.adobe.com/page/bzqFrgcsdBmwi/

Atom99      ( Date: 29-Sep-2017 17:18) Posted: Chinese vehicle manufacturer invests in Pilbara Minerals Pilbara Minerals has inked a multi-pronged supply and investment agreement with a major Chinese car company in what is expected to be the first in a wave of investment by electric vehicle manufacturers in to the burgeoning lithium sector. The deal with Great Wall Motor Company, announced late on Thursday, includes an agreement to sell up 150,000 tonnes a year of product from Pilbara' s Pilgangoora project in Western Australia, a $28 million equity investment and the potential for $US50 million debt financing. It makes the Perth-based company the first Australian lithium player to agree to sell some of its product to a vehicle manufacturer and the first lithium company globally to receive direct investment from a car company. Lithium producers and industry analysts had begun suggesting it was likely electric vehicle manufacturers, as well as the companies that make the lithium-ion batteries that power the vehicles, would invest in lithium mining companies or their projects to secure supply.   The rapid forecast adoption rates of electric vehicles and energy storage systems has boosted demand and pricing for lithium and raised some concerns about whether current and impending supply will be able to meet demand. Pilbara Minerals managing director Ken Brinsden said the company had fielded considerable interest in its planned production from battery and vehicle manufacturers globally. " People are probably overestimating the capacity of the supply base to respond and underestimating the growth in raw material demand," Mr Brinsden said. " Those two factors combined I think indicate the lithium market is going to be short for a while. It is quite incredible our experience as to the number of people that want to engage and secure product." Chinese powerhouse   Great Wall is listed in Hong Kong and Shanghai, with a market capitalisation of about $US18 billion. One of China' s biggest vehicle manufacturers, Great Wall had begun the transition to a fleet that included more hybrid and wholly-electric vehicles, Mr Brinsden said. " Their objective is to be a battery manufacturer in support of the roll out of the electrification of their vehicle fleet&hellip and they are investing very heavily based on the facilities we have seen and they are not the only one in China that is doing it," he said. " Each of the Chinese manufacturers are going down a similar path with the objective of reducing emissions and satisfying the policy position of the central government. They also see an opportunity to leap frog the rest of the industry and become leaders in the EV space."   Under the binding terms sheet, which is expected to be formalised by the end of October, Great Wall will make an upfront $28 million equity investment in Pilbara for about a 3.5 per cent stake. It also has the right to secure up to 75,000 tonnes a year of spodumene concentrate from the second phase of Pilgangoora, which Pilbara is studying and expects to make a final investment decision on in mid-2018. It can secure a further 75,000 tonnes by committing to provide the company with $US50 million of debt financing within 60 days of the company completing its phase two study. The deal also gives Pilbara a right to participate in a downstream processing option.   Pilgangoora could produce more than 800,000 tonnes a year if stage two was developed. Mr Brinsden said he saw the deal as a potential " catalyst for the industry" , saying it could spur other manufacturers to consider securing supply and in turn provide some of the funding required to develop the lithium projects needed to meet demand. Read more: http://www.afr.com/business/mining/chinese-vehicle-manufacturer-invests-in-pilbara-minerals-20170928-gyqjxf##ixzz4u3debsHk     timothylim890      ( Date: 29-Sep-2017 17:06) Posted: I see...so positive price difference means down. Seems my math is all upside down

 

Chinese vehicle manufacturer invests in Pilbara Minerals

Pilbara Minerals managing director Ken Brinsden said the company had fielded considerable interest in its planned production from battery and vehicle manufacturers globally.

" People are probably overestimating the capacity of the supply base to respond and underestimating the growth in raw material demand," Mr Brinsden said.

" Those two factors combined I think indicate the lithium market is going to be short for a while. It is quite incredible our experience as to the number of people that want to engage and secure product."



 

timothylim890      ( Date: 29-Sep-2017 17:06) Posted: I see...so positive price difference means down. Seems my math is all upside down. papayaface      ( Date: 29-Sep-2017 16:45) Posted: What goes up has come down by the end of trading day....hiak hiak hiak. Good luc

 

I see...so positive price difference means down. Seems my math is all upside down.

papayaface      ( Date: 29-Sep-2017 16:45) Posted: What goes up has come down by the end of trading day....hiak hiak hiak. Good luck bernardc      ( Date: 29-Sep-2017 15:50) Posted: wah..still going up... good luck to all...

 

I hope your short is fruitful. Closed at 0.3 today.

I think you should start a new account to pursue your agenda of fear mongering, your credibility is almost non-existent already.

papayaface      ( Date: 29-Sep-2017 15:31) Posted: Remember that today is Friday. So short AMA  at 30 cts. Good  luck

 

What goes up has come down by the end of trading day....hiak hiak hiak. Good luck

bernardc      ( Date: 29-Sep-2017 15:50) Posted: wah..still going up... good luck to all...

 

All ASX Lithium stocks had a good day today after PLS news...Tawana was strong too...

s100125      ( Date: 29-Sep-2017 16:18) Posted: May be good news coming on weekend and Monday gap up even more. Today is Friday but still going very steady for this one.

 

May be good news coming on weekend and Monday gap up even more.
Today is Friday but still going very steady for this one.
 

 

saw the 1 lot marking, plus the 1000 lot buy up. i hope they continue to collect. then announce the news one by one, then gap up. then we steady liao...

bernardc      ( Date: 29-Sep-2017 15:50) Posted: wah..still going up... good luck to all...

 

wah..still going up...
good luck to all...