Proactive Investors - Run By Investors For Investors

Alliance Mineral Assets posts record quarterly results, inks MoU for hydroxide production

Alliance Mineral Assets Ltd (ASX:A40) managing director Mark Calderwood updates Proactive Investors on the lithium producer's record quarterly production at its Bald Hill Lithium Mine, up 68% from the December quarter last year.

"We expected this - this is nameplate production, our costs have been driven down, about a 33% decrease in cost per tonne as the production tonnages increase," says Calderwood.

He also noted Alliance's memorandum of understanding with China-based Jiangte, formed to develop the terms on which the parties will produce and sell battery-grade lithium hydroxide in a 50:50 joint venture.

The JV will enable Alliance to participate in downstream processing without any capital expenditure and will fast-track lithium hydroxide production to as early as this year.

 
View full A40 profile View Profile

Alita Resources Ltd Timeline

Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use