Alita Resources Limited (formerly Alliance Mineral Assets Limited) provided the following update on its corporate and operational activities at its 100% owned Bald Hill Lithium & Tantalum Mine in Western Australia (Bald Hill Mine). The demand for lithium from the battery sector is generally expected to increase in the next decade, stimulated by governmental policy changes around the world towards stricter emission standards and by accelerated plans from major car manufacturers to produce more hybrid and electric vehicles (EV). In response to this expectation, there has been a significant increase in spodumene concentrate production levels in the past year. Compounded by slower than expected ramp up of new spodumene conversion facilities and the apparent short-term excess volume of lithium concentrate stocks held by the converters and spodumene producers, this has led to softened spodumene prices and in calendar year 2019. However, industry experts believe that while current growth in demand is being met by increased production, there remains upside in the EV market that is expected to generate increased demand for lithium concentrate. Lithium carbonate prices have somewhat stabilised in CY2019 while lithium hydroxide prices have continued to soften from their peak in calendar year 2018. Despite the delayed ramp up in production rates experienced during the June 2019 Quarter at the Jiangxi Bao Jiang Lithium Industrial Limited (JBJLIL) conversion facility, JBJLIL has taken delivery of 58,063dmt during the half year ended 30 June 2019. The quantity delivered represents approximately 50% of the maximum amount provided for under the JBJLIL ­ Alita offtake of 118,000dmt for calendar year 2019, inclusive of calendar year 2018 product shipped in February 2019. The remaining product to be delivered in calendar year 2019 under the offtake contract is between approximately 39,000dmt to 59,000dmt, with the next delivery of approximately 10,000dmt scheduled for early August 2019 pending the issue of the letter of credit by JBJLIL. The Company continues negotiations with various other parties for the supply of spodumene, including advanced negotiations with a large Asian corporation for the supply of spodumene concentrate (initially in the range of 20,000t to 40,000t per annum commencing in late 2019 or early 2020) and a trial shipment to a Japanese trading company. The Company is currently also receiving strong interest from smaller producers of premium cathode and electrolyte producers in China that are seeking high quality spodumene concentrate will low levels of deleterious elements such as Bald Hill lithium concentrate. Alita has also received several inquiries for supply of limited tonnages (less than 20,000tpa) of premium low iron spodumene for the European ceramics industry. This product typically attracts higher prices than what is paid by convertors for the battery cathode sector. The Company is conducting low cost trial test work on further upgrading the Bald Hill spodumene for the ceramics market.