Newly merged lithium concentrate producer Alliance Mineral Assets (ASX: A40) has recently boasted record production numbers for the month of January 2019. Spodumene (lithium concentrate) production from the Bald Hill Lithium and Tantalum Mine in Western Australia hit a total of 13 160 tons (6.15% Li2O).
Despite the merger with Tawana Resources at the end of 2018, the company’s focus has been steady on production, with the January numbers indicating an increase of 28% as compared to December 2018. The new year also brought about the largest quantity of concentrate shipped, driven by an increase in customer demand for the spodumene concentrate.
Mark Calderwood, the Managing Director for Alliance said:
“Lithium concentrate production for January 2019 was up 28% on December 2018 total production and is an excellent start to the current quarter. The quantity of lithium concentrate shipped over the last week is also a record for Alliance. A number of requests for lithium concentrate are currently being reviewed and we expect to ship, or have ready for shipment an additional 30,000t of premium quality lithium concentrate during the quarter. Interest in long term off take for Bald Hill’s high-grade lithium concentrate remains strong.”
A total of 23,232 wmt (estimated 22,928 dmt) of lithium concentrate shipped on the 2nd and 3rd of February. Revenue from these shipments expected to be approximately A$26 million, subject to final assay.
The company’s shares are up 25% for the week.
