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Tawana Resources NL
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 3/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 3-3-2017: Tawana Resources NL announces an Exploration/Drilling Update report for its Bald Hill deposit at the Bald Hill project. JV - Drilling results incl. 21m @ 1.44% Li2O, 319ppm Ta2O5 from 61m. Tawana Resources NL (“Tawana” or the “Company”) and Alli | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Calderwood, Gareth Reynolds (Internal) | |
| ABSTRACT: | Tawana Resources NL (“Tawana” or the “Company”) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to announce that infill drilling at the Bald Hill project, Western Australia is nearing completion. The drilling program has focused on the area where the maiden lithium resource will be estimated. The maiden lithium resource which should be available in early April, will be another significant milestone for the companies as they pursue spodumene production in 2017. Tawana has completed 193 resource RC drill holes since December 28, 2016. Tawana Resources Managing Director Mark Calderwood stated: “Infill drilling for the initial lithium resource estimate is essentially complete. Resource estimation work has commenced. The results should lead to an increase in existing tantalum resources and reserves. The geometry of the pegmatites allows access to near-surface (2-20m) medium-high grade ore, within current permitted pit design, for initial production. Though there is significant strike potential for the spodumene pegmatites on the Bald Hill tenements, the aim is to complete the short term (5-year) mine plan during April on the maiden resource in order to meet the October 2017 commissioning deadline. Drilling is expected to continue for some months and it is anticipated that further resource upgrades will be provided over the course of 2017.” | |
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