Alliance Mineral may release resource estimate by early April

Singapore

AUSTRALIAN mining firm Alliance Mineral Assets is nearly finished with the drilling work to test for lithium at its Bald Hill mine, and expects the resource estimate to be released by April.

In a press release on Friday, the group said Tawana Resources, which recently entered into a farm-in agreement with Alliance Mineral for the Bald Hill project, has completed 193 drill holes since end-December, and these have uncovered "numerous high-grade lithium and tantalum intercepts". The drilling has also found spodumene pegmatites - igneous rocks containing lithium-bearing mineral - just …