With the recent departure of AMAL CEO and the recent news of TAW's Cowan assets to be spun out - major roadblocks for a merger have now been cleared. I also expect the spun out assets to be packaged into a new IPO later this year.
TAW probably one of the best stocks to see outany stock market volatility. Currently producing in the hottest sector in the market with no debt.
Bald Hill Project production has commenced
---------------------------------------------------------------
Production of 155,000t p.a. of concentrate from Stage 1
Top quality +1mm spodumene concentrate (low mica, low iron)
Significant tantalum by-product production
Lowest Capex (of stand alone lithium mines) in Australia
Reserve upgrade expected April 2018
Stage 2 – Fines and Stage 3 – second DMS plant under consideration.
Significant Resource potential from successful step out drilling, andnew areas identified.
Bald Hill Project Production Upside Potential
-------------------------------------------------------------
Fines circuit to treat otherwise stockpiled <1mm fines and 1mm-5.6mm middlings at the rate of 300,000-400,000tpa.
Increase production by up to 25% at incremental cost. Metallurgy points to fines DMS, low capital and operating cost, lower risk.
One stage of tantalum concentration commences in March 2018, other two stages of tantalum production expected to commence later in 2018.
A second DMS circuit under consideration, subject to Reserve upgrade:
o Strong demand for spodumene concentrate with strong likelihood of additional offtake prepayments
o DMS circuit would have a low capital cost and fast payback
o Would be very similar to recently completed Stage 1 DMS, with design improvements
o Construction time expected to be faster than the 7 months taken for the Stage 1 DMS
o Significant benefits to costs due to high ratio of fixed costs as a result of low consumable consumption
Major Shareholders (as at 12 March 2018) %
---------------------------------------------
JP Morgan Nominees* 15.79%
Citicorp Nominees 9.90%
Merriwee Pty Ltd 5.94%
Chalmsbury Nominees 5.24%
UBS Nominees 4.37%
Top 20 60.69%
TAW probably one of the best stocks to see outany stock market volatility. Currently producing in the hottest sector in the market with no debt.
Bald Hill Project production has commenced
---------------------------------------------------------------
Production of 155,000t p.a. of concentrate from Stage 1
Top quality +1mm spodumene concentrate (low mica, low iron)
Significant tantalum by-product production
Lowest Capex (of stand alone lithium mines) in Australia
Reserve upgrade expected April 2018
Stage 2 – Fines and Stage 3 – second DMS plant under consideration.
Significant Resource potential from successful step out drilling, andnew areas identified.
Bald Hill Project Production Upside Potential
-------------------------------------------------------------
Fines circuit to treat otherwise stockpiled <1mm fines and 1mm-5.6mm middlings at the rate of 300,000-400,000tpa.
Increase production by up to 25% at incremental cost. Metallurgy points to fines DMS, low capital and operating cost, lower risk.
One stage of tantalum concentration commences in March 2018, other two stages of tantalum production expected to commence later in 2018.
A second DMS circuit under consideration, subject to Reserve upgrade:
o Strong demand for spodumene concentrate with strong likelihood of additional offtake prepayments
o DMS circuit would have a low capital cost and fast payback
o Would be very similar to recently completed Stage 1 DMS, with design improvements
o Construction time expected to be faster than the 7 months taken for the Stage 1 DMS
o Significant benefits to costs due to high ratio of fixed costs as a result of low consumable consumption
Major Shareholders (as at 12 March 2018) %
---------------------------------------------
JP Morgan Nominees* 15.79%
Citicorp Nominees 9.90%
Merriwee Pty Ltd 5.94%
Chalmsbury Nominees 5.24%
UBS Nominees 4.37%
Top 20 60.69%