Tawana Resources lithium production on track for 2018 | Finance News Network

Tawana Resources lithium production on track for 2018

Company News

by Kathy Skantzos

Mining company Tawana Resources (ASX:TAW) with Perth-based Alliance Mineral Assets is on track to commence lithium production at the beginning of next year.

Engineering, procurement and production is on track for the Western Australian goldfields Bald Hill mine, with construction nearing completion, on track to deliver lithium concentrate in the first quarter of 2018.

Tawana Managing Director Mark Calderwood said the project is coming to life, with structural work is nearing completion and equipment placement underway. He said the mining contractor has moved in to the site.

The equally-owned joint project between Tawana and Singapore Exchange-listed Alliance Mineral Assets is expected to produce lithium concentrate over a five-year term.

The company said significant drilling is planned for 2018 as the project is underexplored.

Shares in Tawana Resourses (ASX:TAW) are trading 3.12 per cent higher to $0.41.
  

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.