Tawana zones in on Bald Hill, spins off remaining assets In Liberia

By: Esmarie Swanepoel | Mining Weekly.com |

(miningweekly.com) – Lithium miner Tawana Resources has announced the spin-out of its Cowan and Yallari lithium projects, in Western Australia, and the Mofe Creek iron-ore asset, in Liberia, into a separate entity.

Tawana told shareholders on Thursday that an ASX-listing for the new company would not be initially sought, but would be considered by the board of the new company, in due course.

“Following the recent commissioning and first spodumene concentrate production at Bald Hill, Tawana’s primary focus is to ensure effective ramp-up of production and to ensure exploration activities are focused near-mine to drive growth in mineable reserves and extend associated mine life at Bald Hill, of which the company has explored less than 5% of the known prospective area,” said Tawana MD Mark Calderwood.

He noted that it was for this reason that Tawana’s remaining assets were unlikely to garner the appropriate management focus and budgetary allocation which they warrant and require for short-term advancement.

Source: Mining Weekly

About Cholo Brooks 14681 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.