Investment Highlights Joint Venture partners Tawana Resources (TAW:ASX) and Alliance Mineral Assets (40F:SGX) have rapidly emerged from relative obscurity to soon join the ranks of lithium producers through the planned development of the Bald Hill Lithium/Tantalum project in Western Australia. In our view, the project stands apart from many in its peer group - significant established infrastructure results in low capital costs and a short, ~9 month lead time to production, while favourable metallurgy should see the production of an in-demand, high quality spodumene concentrate. In the interim, a targeted resource drilling program has the potential to prove up a substantial mine life.
Tawana and Alliance Mineral Assets now look to have taken the lead in the race to become Australia’s next lithium concentrate producers at just the right time, with tight market conditions and product quality expected to see strong competition for offtake and high product pricing. Given these favourable characteristics, we see both Companies offering meaningful upside potential as Bald Hill is progressed to production.
Full report in the link above
Haplo
TAW Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held