Tawana Resources NL and Alliance Mineral Assets Limited announced that the construction and development at the Bald Hill Lithium and Tantalum Mine, in the Eastern Goldfields region of Western Australia, is on track with lithium concentrate production to commence this Quarter 2018. The Bald Hill project is a joint project between Tawana and AMAL. The Bald Hill Project comprises four mining leases, one mining lease application, 12 exploration licences, eight prospecting licences and one general purpose lease totaling 774km. The project is owned 50:50 by Tawana and AMAL. The first lithium concentrate production is targeted for the first quarter of 2018 and first delivery anticipated in April 2018. The Project is fully funded to first shipment. Each of Tawana and AMAL executed an offtake agreement in April 2017 for the supply of lithium concentrate from Bald Hill over a five-year term with pricing for 2018 and 2019 of USD 880/t FOB Esperance for 6% Li20. The prepayments from the aforesaid offtake agreement are being used towards the capital costs of the Project. The Project is located 50km southeast of Kambalda in the Eastern Goldfields of Western Australia, and approximately 75km southeast of the Mt Marion Lithium project. A current Indicated and Inferred lithium Mineral Resource of 18.9 million tonnes at 1.18% Li20, and 149ppm Ta205 at a 0.5% Li20 cut-off for the Project was calculated by CSA Global Pty Ltd. The Project remains significantly underexplored and significant drilling is planned for 2018.