Alliance Mineral Assets (AMA) is on track to deliver its maiden shipment of lithium concentrate this month, becoming the fourth producer of the battery mineral in Australia.
And it has begun on a journey to merge with its 50-50 JV partner, Tawana Resources, as announced recently.
For the patient and long-term investor, the big story lies in the lithium and tantalum resources yet to be discovered on the Bald Hill project.
To Mark Calderwood, Tawana's MD, who is slated to be the MD of the merged AMA-Tawana entity, Bald Hill will yet deliver lots more riches.
So far, the results of the systematic exploration work on a fraction of the Bald Hill project have been solid -- it's so good, the project has won funding from third parties (such as Burwill) to invest in the necessary infrastructure and sign offtake agreements.
But the lithium resources defined thus far will support a short mine life of 3.6 years only.
Mr Calderwood knows, or is convinced, that further exploration work will uncover lots more lithium resources.
TAW Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
