As disclosed in the latest Quarterly Activities Report.
“In early June Tawana management visited the Jiangte Special Electric Motor Co. Ltd. (JSEM) facilities in Yuan Zhou District, Yichun, Jiangxi. JSEM have a joint venture with the Burwill group which holds the offtakes for lithium concentrates from the Bald Hill Mine.
The facilities include an operating convertor producing lithium carbonate from lepidolite mica feed and three large convertors are currently in an advanced state of construction on a 30ha site. Two of the large convertors under construction are for spodumene concentrate feed and, when fully operational, should be capable of processing 20,000t per month of spodumene concentrate. Spodumene concentrate storage capability of the site is 45,000t with a preferred minimum inventory of 20,000t.”
This site visit is important to check the progress of the new plants.
We should expect more regular shipments soon from the Offtake Agreement.
TAW Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held