Tawana Resources, with joint venture partner Alliance Mineral Assets (AMAL), has executed a non-binding term sheet with a leading industry specialist for the offtake of tantalum concentrate production from the Bald Hill lithium-tantalum mine in the Eastern Goldfields of Western Australia.
The proposed buyer has agreed to purchase a minimum 600,000 pounds of tantalum concentrate in aggregate from April 2018 to December 31 2020, or all production available if delivery is below this amount.
AMAL chief executive Tjandra Pramoko said this agreement was another significant milestone for the Bald Hill JV in its quest to become a lithium and tantalum producer in the first half of 2018.
“With the Bald Hill mine due to commence tantalum production in the first half of 2018, we are pleased to have reached a tantalum supply agreement with a true market leader in the field,” Pramoko said.
“At the same time, we are also continuing discussions with other third parties for sale of excess tantalum concentrate.”