Tawana's Bald Hill lithium project in the Goldfields.

Primero wins $30m Tawana contract

Aspiring lithium miner Tawana Resources has confirmed the award of a $30 million engineering procurement and construction contract to Primero Group for its Bald Hill project in the Goldfields.

Perth-based Tawana said Primero would build a 1.2 million tonnes per annum dense media separation circuit at the Bald Hill lithium-tantalum mine.

Primero has already been working at the site, after having secured work in May for design and engineering work, along with the ordering of long-lead items for the processing circuit.

Tawana managing director Mark Calderwood said the EPC contract award was a key milestone for the project, which is half-owned by SGX-listed Alliance Mineral Assets.

“We welcome Primero as an important partner of Tawana and AMAL and look forward to updating the market on the progress of the DMS plant,” he said.

“In addition, associated site works and construction has commenced and we remain committed and focused on delivering lithium concentrate during the first quarter of 2018.”

Primero managing director Cameron Henry said the company’s team had been working closely with Tawana from the first testwork, through feasibility and now into project execution phase, providing a complete end to end service.

“The project development schedule for the Bald Hill project remains on track to commence commissioning in the first quarter of 2018,” he said.

About 200 people are expected to be needed during the peak construction period at Bald Hill.

Shares in Tawana were unchanged at 22.5 cents each at 1pm.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
75thTawana Resources175%13%
77thImage Resources169%-8%
545thWalkabout Resources-19%-24%
616thTerrain Minerals-31%5%
804thInca Minerals-73%-31%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


335th↓Tawana Resources$7k
338th↓Inca Minerals$6k
339th↑Walkabout Resources$6k
341st↓Image Resources$5k
342nd↑Terrain Minerals$5k
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Tawana Resources

1612thRobert Benussi$3k
Ranked by total remuneration from all listed WA companies

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