Thanks for sharing. We can understand with the delay on resource...

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15/11/17

01:14

Post #: 28794500
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Originally posted by luanboo ↑

Folks, a quick update on information that I have gathered today on Tawana.
Every speaker was given only 20 mins each to present their company to industry delegates and investors. Hence, most of the information that Mark presented are not really new to us and I will not repeat those old information here.

Mark mentioned Lithium offtake with fixed price for 2018/2019, confirming our earlier discussion that the Burwill commitment to take everything until end of 2022 applies to AMAL only and not TAW

Mining at Baldhill had already started, even though the mining contract has not been signed

Mark told the crowd that there will be a solid update to the 25MT resource early next year – this surprised me as we had expected the next resource update/upgrade by end of this year (as per last resource update announcement). I clarified with him after the presentation, and he told me that they have been busy and their immediate focus is on ensuring the delivery to Burwill by end of Mar 2018. They will only be able to work on the resource update starting end Jan. So, we should only expect the resource update in Feb and not Dec.

See attached slides on TAW – Project Upside and TAW – Conclusion

He mentioned potentially adding additional fines circuit in late 2018 and 2^nd DMS in 2019.

No specific timeline/plan on developing the newly acquired Cowan yet

View attachment 828638
View attachment 828644
Other information that I have gathered during the post presentation chat

Ta offtake will be announced very soon – he said papers are circling around for finalization

As for the question on the plans to ensure Tawana is on media/analyst radar, he thinks that it will come automatically when we ship to Burwill. I didn’t get the impression that there are specific action plans to create more awareness.

That’s all I have for now. Have a good evening.

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Thanks for sharing. We can understand with the delay on resource upgrade. TA off take is immensely important and hope we get a solid partner.
TAW Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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Thanks for sharing. We can understand with the delay on resource...

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