Leading vertically integrated and conflict-free provider of high performance tantalum metallurgical and powder products to the electronics, aerospace, automotive, chemical manufacturing and other industries.

Wodgina mine on track to meet global tantalum demand

Friday, March 11, 2011

Global Advanced Metals is on track to commence delivering new tantalum production into the global supply chains for the electronics, aerospace and other industries in late June/early July 2011

To help address the increasing global supply and demand imbalance for tantalum the company has already delivered material into the market from a strategic stockpile produced at the Greenbushes processing plant following the closure of its Wodgina mine in late 2008.

At full production, the Wodgina operation is capable of producing 1.4 million lbs of tantalum pentoxide annually and the company has already committed to contracts that form the basis of its initial 700,000lb per annum restart.

Chief Executive Officer, Bryan Ellis said that since the company's January announcement that it would recommence production, the company has received sales enquiries well in excess of the 700,000 lbs per annum production rate.

"The interest shown in the re-opening of our mining operations reflects both the rapidly reducing global stockpiles of tantalum and the supply challenges facing some regions for the foreseeable future." Mr Ellis said.

The company believes that current and projected market conditions will ensure that the improvement seen in tantalum pricing is sustainable into the future.

More information on Global Advanced Metals and tantalum is available at www.globaladvancedmetals.com.

For more information:

Bryan Ellis
Chief Executive Officer
Global Advanced Metals
Email: bellis@globaladvancedmetals.com

Anthony Hasluck
Managing Director
Clarity Communications (Western Australia)
Tel: +618 9380 0700
Mob: 0438 522 194
Email: anthony.hasluck@claritycommunications.com.au

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