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Alliance Mineral Assets Ltd.
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-6-2017: Alliance Mineral Assets Ltd. announces a Resource Estimation report for its Bald Hill deposit at the Bald Hill project. JV with Tawana - Initial Lithium mineral resource estimate at Bald Hill. Tawana Resources NL (“Tawana”) and Alliance Mineral | |
| Resources: | (Resource, I+I): 12.8Mt @ 158ppm Ta2O5, 1.18% Li2O at project | |
| CP/QP: | [Resources]: Matthew Cobb (CSA Global Pty Ltd.) | |
| ABSTRACT: | Tawana Resources NL (“Tawana”) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to announce a maiden Indicated and Inferred lithium Mineral Resource for the Bald Hill Lithium and Tantalum Project. Tawana Resources Managing Director Mark Calderwood stated: “The 18.5Mt of combined high-grade lithium and tantalum resources is an excellent start from initial drilling at Bald Hill which has only tested 20% of the initial mineralised target area. Exploration drilling is continuing at Bald Hill with the intention of providing resource upgrades over the next six months. We are also pleased to have met the Resource condition precedent of the off-take early.” CSA Global Pty Ltd (“CSA Global”) was commissioned by Tawana to compile the maiden lithium Mineral Resource estimate for the Bald Hill Project and update the tantalum Resource. The Bald Hill Pegmatite Mineral Resource comprises one large, main, sub horizontal pegmatite body, striking north-south, with a strike length of 1,070 metres, and a width at its widest point of 775 metres. This main body is surrounded by several smaller discrete pegmatite bodies, sub-parallel to the main, which result in a total strike length for the whole resource of 1,245 metres, and a total width of 990 metres. The Mineral Resource has a total vertical depth of 195 metres, beginning 20 metres below the natural surface and plunging gently to the south along its entire strike length. | |
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