EXPLORATION & DEVELOPMENT

Tawana reports maiden lithium resource

Feasibility study said to be imminent

Michael Quinn

This article is 7 years old. Images might not display.

The estimate totalled 12.8 million tonnes grading 1.18% lithium oxide and 158 parts per million tantalum oxide.

The resource meets the tonnage and grade requirement for the pre-payment of A$25 million (in staged payments) to Bald Hill 50:50 owners Tawana and Alliance Mineral Assets from Hong Kong-listed offtake party Burwill Holdings. 

Tawana said the Bald Hill pegmatite mineral resource comprises one large, main, sub-horizontal pegmatite body, striking north-south, with a strike length of 1070 metres, and a width at its widest point of 775 metres.

Tawana said about 80% of the lithium and tantalum said to occur in a 100m-deep interval starting from about 30m below “the lowest surface level”.

About two-thirds of the resource is currently in the inferred category.

Tawana also pointed out that the maiden resource covers “only 20% of the known southern swarm of lithium pegmatites”.

Shares in Tawana were down 4% to 23c in morning trade, capitalising the company at $96 million.

The stock was at 3c 12 months ago.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.