Mr Pramoko plans to start tantalum mining again in August to get the cashflow running, and expects to re-engage Mitsubishi as sole customer. He said: "They are going to sign a contract with me very soon."
Tawana is now raising money through a share placement to fund the earn-in.
For now, Mr Pramoko cannot say how much lithium there is in Bald Hill, as Singapore rules require the numbers to be verified by an independent valuer. A report meeting a key official standard is expected to be completed by the end of July.
TAW Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held