Asset Acquisitions and Disposals::AMAL DELIVERS FIRST ORDER TO JAPAN AND SIGNS MOU WITH SINOSTEEL EQUIPMENT & ENGINEERING CO., LTD.

Issuer & Securities

Issuer/ Manager
ALLIANCE MINERAL ASSETS LIMITED
Securities
ALLIANCE MINERAL ASSETSLIMITED - AU0000XINEV7 - 40F
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
28-Dec-2015 19:18:41
Status
New
Announcement Sub Title
AMAL DELIVERS FIRST ORDER TO JAPAN AND SIGNS MOU WITH SINOSTEEL EQUIPMENT & ENGINEERING CO., LTD.
Announcement Reference
SG151228OTHRVKHW
Submitted By (Co./ Ind. Name)
Suen Sze Man
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
ALLIANCE MINERAL ASSETS LIMITED
(Incorporated in the Australia on 6 December 2010)
(Company Registration no. ACN 147 393 735)



ALLIANCE MINERAL ASSETS LIMITED DELIVERS FIRST ORDER TO JAPAN AND SIGNS A MEMORANDUM OF UNDERSTANDING (MOU) FOR STRATEGIC COOPERATION WITH SINOSTEEL EQUIPMENT & ENGINEERING CO., LTD.

The Board of Directors ( Board ) of Alliance Mineral Assets Limited (the Company ) is pleased to announce that the Company has successfully delivered its first order of Tantalite Concentrate under the distribution agreement signed with Mitsubishi Corporation RtM Japan Ltd, which reached Japan on 24 December 2015.

In addition, the Company has entered into a non-binding Memorandum of Understanding ( MOU ) dated 13 December 2015 with Sinosteel Equipment & Engineering Co., Ltd. ( Sinosteel ) for, inter alia strategic cooperation relationship on the development of tantalite and other mineral resources in Australia utilizing AMA s tantalite mine, beneficiation plant and primary processing plant and Sinosteel s experts, technology and experience of prospecting, mining, beneficiation and smelting.

Sinosteel is a professional, internationally operated engineering company, which integrates domestic and overseas EPC/EP projects, equipment and spare parts supply, project management, project and equipment supervision, design and manufacturing of mechanical and electrical products covering Metallurgy, Mining, Power and Infrastructure.

No definitive arrangements or agreement(s) in relation to the MOU has been developed or executed.

The Board is of the view that the MOU marks a step forward for the Company to realising future production expansion plans, and further believes that Sinosteel s project experience in Australia qualifies them to be an ideal strategic partner.

None of the Directors of the Company has any interest, direct or indirect, in the MOU. As far as the Directors are aware, no substantial shareholder of the Company has an interest, direct or indirect, in the MOU and the Directors have not received any notification of any interest in the MOU from any substantial shareholder.

The Company will provide updates on any material developments in the discussions with Sinosteel, and will disseminate any such information to shareholders in a timely manner.



BY ORDER OF THE BOARD



Suen Sze Man
Executive Director
28 December 2015


Alliance Mineral Assets Limited (the Company ) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the SGX-ST ) on 25 July 2014. The initial public offering of the Company (the IPO ) was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ).

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 62298088.

Attachments

2015-12-28 - Announcement - MOU with Sinosteel - for release.pdf
Total size =201K