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Tale of the Tape - Mt Cattlin against Baldhill. Figures below...

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02/04/18

19:13

Post #: 32169673
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Originally posted by Pittbull ↑

https://thewest.com.au/news/kalgoorlie-miner/tawana-delighted-with-circuit-test-run-ng-b88789968z

Tawana delighted with circuit test run
Zach Relph | Kalgoorlie Miner
Sunday, 1 April 2018 3:35PM

Resources newly commissioned dense media separation circuit at the Bald Hill lithium mine has trumped its expected throughput rates, boss Mark Calderwood says.

Tawana reported DMS primary gravity concentration circuit has exceeded the nameplate throughput rate over a 24-hour performance test run at the mine, 50km south-east of Kambalda.

Tawana processed 4152 tonnes of ore over a 24-hour period through the circuit, which started producing lithium on March 14, at an average processing rate of 173t per hour.

Initial sampling of the primary concentrate returned grades up to 7.03 per cent Li2O.

Mr Calderwood championed the results and said it was consistent with test work in the circuit’s development phase.

“To produce concentrates with more than 6 per cent Li2O, within the first two weeks of ore commissioning exceeds expectations given the initial low-feed-grade ore being used for commissioning start up,” he said.

“It is particularly pleasing to see predicted plant performance being achieved in practice.

“The high quality of concentrates appears to be testament to the favourable mineralogy-metallurgy of the Bald Hill deposit and the bespoke design of the DMS circuit.”

Bald Hill is a joint venture with the ASX-listed Tawana and Singapore-listed Alliance and Mineral Assets Limited.

Earlier this month, Mr Calderwood announced the new 1.2 million tonne circuit’s full production — a rate of 150,000 tonnes of spodumene annually — was expected to be reached by July.

The managing director also said its output was poised to increase to 220,000 tonnes after the construction of a fine circuit, which is expected before the end of this year. The maiden lithium concentrate product is scheduled to be delivered next month.

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Tale of the Tape - Mt Cattlin against Baldhill.

Figures below are extracted from official announcements. For Baldhill I added both TAW and AMAL for MC. Output is expected to raise to 220k tpa in 2019.

Catt - MC 1267m, output 200k tpa, cash cost A$480, Offtake 6% U$900 (est), Reserve 7.64 mt

Bald - MC 435m, output 220k tpa, cash cost A$325, Offtake 6% U$880, Reserve to be updated this month.

If there are errors in the figures, happy to be corrected.

The key catalyst now for SP of both TAW and AMAL is the impending announcement of reserve level. If we can move it closer to Mt Cattlin, a strong re-rating is expected.

Please DYOR.

TAW Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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