Tawana Resources and Alliance Mineral Assets have secured a long-term offtake agreement for its high-grade tantalum concentrate from the Bald Hill mine on the back of strong prices.
Details of pricing are kept confidential but selling price for its premium product exceeded the previous budget, Tawana managing director Mark Calderwood said in an ASX statement.
The Eastern Goldfields mine will sell around 20–30 dry metric tonnes of tantalum concentrate to HC Starck, with which the joint venture partners remain engaged.
An additional 400 wet metric tonnes of low-grade tantalum concentrate from by the Bald Hill mine will also be sold to Global Advanced Metal under a one-off contract.
The concentrate is sourced from the mine’s April–July production this year.
Calderwood said, “Tawana and Alliance are pleased to have finalised the initial sales for its Bald Hill tantalite concentrate stockpiles with two of the world’s leading suppliers of tantalum products.
“Tantalum pricing has been relatively strong in 2018 and we are encouraged by the level of interest in high quality tantalum concentrates with low levels of deleterious elements.”
A 13.2 wet metric tonnes of tantalum pentoxide recovery was reported in early September. Meanwhile, lithium concentrate from the Bald Hill mine completed first shipment in May this year.
The mine is in the southeast of the Goldfields-Esperance region of Western Australia, around 150km south-southeast of Kalgoorlie.