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Altura Mining Limited (ALTAF)

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Last Post: 12/18/2018 3:09:43 PM - Followers: 11 - Board type: Free - Posts Today: 2

 


Related imageCHARGING FORWARD WITH LITHIUM

 

2018
Altura is building a leading position in the independent supply of lithium raw materials, with a world class lithium project under construction at Pilgangoora and to be the first new hard rock lithium product supplier in 2018. The Altura team has a track record of delivering mining projects on time and on budget and with solid offtake partners and a world market providing substantial demand and growth opportunities, Altura’s shareholders can look forward to receiving strong returns in the next few years.

Altura is building a leading position in the independent supply of lithium raw materials, with a world class lithium project under construction at Pilgangoora and to be the first new hard rock lithium product supplier in 2018. The Altura team has a track record of delivering mining projects on time and on budget and with solid offtake partners and a world market providing substantial demand and growth opportunities, Altura’s shareholders can look forward to receiving strong returns in the next few years.

Altura’s Pilgangoora is a world class hard-rock open pit lithium mine which will be in production in early 2018.

The project, located at Pilgangoora in Western Australia, is approximately 123km drive from the town of Port Hedland. Road access to the site is via the Great Northern Highway and then Shire roads and station tracks. The Pilgangoora Mining Lease tenements, covering the resource modelling area, are M45/1230 and M45/1231 and cover an area of 394 hectares.
The Pilgangoora deposit will be extracted by open pit methods enhanced by the shallow and thick mineralisation allowing spodumene ore to be extracted from the commencement of mining. Construction of the mine is underway covering mining, processing, logistics and support infrastructure. Mining and processing will commence at the rate of of 1.54Mtpa of ore to produce approximately 230,000 tonnes of lithium spodumene concentrate per annum in Q1 2018. The current life of mine (LOM) is forecast to be 20 years at current rates, but at the request of Altura’s offtake partners, the Company has approved the commencement of an initial Stage 2 expansion study of the project. The Stage 2 scoping study will assist the Company in determining the optimal mine output with the aim of increasing production to 450,000 tonnes annually in order to be aligned with offtake partners’ growth plans.
Concentrate will be exported by ship from Port Hedland to Altura’s lithium aliance partners in China, for further processing into a wide range of lithium chemicals, including lithium carbonate (standard and battery grade), lithium hydroxide, lithium metal, and lithium chloride.

ASX ANNOUNCEMENT | 8 January 2018 PLANT CONSTRUCTION AND DEVELOPMENT OF THE ALTURA LITHIUM PROJECT NEARING COMPLETION ¦ Civil Works are complete with only minor installations required over the  coming weeks   ¦ Key plant items such as the Crushing and Screening Plants, Dense Media  Separation Modules and High Pressure Grinding Rolls are all close to  completion   ¦ Construction on the Run-of-Mine (ROM) Wall is complete  ¦ Practical completion issued on the Tailings Storage Facility  ¦ The Mine Operations Centre is now fully operational and has been  occupied by the Altura and NRW workforce  ¦ The Board has recently approved an owner/operator model for the processing plant after completing a careful market investigation   ¦ Stage 1 construction remains on schedule for first lithium concentrate  sales in the June Quarter 2018  Altura Mining Limited (ASX Code: AJM) (“Altura” or “the Company”) is pleased to advise that the construction and development of the Altura Lithium Project is nearing completion and remains on track for commissioning in Q1 2018 and product sales in Q2 2018. Civil works on the project have reached practical completion, with a total of 6800m3 of concrete being poured over the last six months. The crushing and screening plant is largely complete, with commissioning expected once the main power plant is operational in early March. Dense Media Separation (DMS) modules 1 and 2 are complete from a structural and mechanical perspective, with piping works underway, whilst the High Pressure Grinding Rolls (HPGR) motors and gearboxes have been installed and aligned, with work now progressing on the hydraulic system. Construction of the ROM Wall has been completed and a practical completion status has been issued on the Tailings Storage Facility (TSF). The Mine Operations Centre is also fully operational with both Altura and NRW employees working from the building. Altura Mining Limited – ASX Announcement –8 January 2018  Page 2 of 5 After a careful market investigation, the board of Altura has recently approved an owner/operator model for the processing plant. This owner/operator model will allow Altura to manage and control this vital step in the delivery of an optimal product to the market, and has indicated cost benefits to the Company as compared with other models reviewed as part of the investigation. Key staff have already been recruited and a recruiting campaign has commenced for the remainder of staff who will be required towards the end of February. Altura Managing Director Mr James Brown said he has been very impressed with the development and timeline maintenance of the project to meet the Company’s aggressive timetable for commissioning and production. “The Board and Management of Altura outlined an aggressive timetable when we broke ground in March last year on the Altura Lithium Project, to place the company in a position to become the first major producer in 2018. The work completed since then has been outstanding and to be nearing completion on the mine site within this specified targeted date keeps Altura firmly on track to start commissioning in Q1 2018, with product sales to commence in Q2 2018.” Mine site works near completion on the Altura Lithium Project Altura Mining Limited – ASX Announcement –8 January 2018  Page 3 of 5 Drone photo taken from above the Process Plant control room Ball Mill trunnion ends now installed 


Ore Ready To Be Crushed
 
Altura Mining Company Website  https://alturamining.com
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#962   Yup, we have 23 YEARS worth of rewards coming. Scotttrader80 12/18/18 03:09:42 PM
#961   Still have all my shares at an average tikotiko 12/18/18 02:49:22 PM
#960   14 days until eoy, Im thinking with the Scotttrader80 12/17/18 07:50:39 PM
#959   OOHHH BOY getting closer!!! would love to have Kswies 12/17/18 06:54:02 PM
#958  Restored Maybe you ought to try some $ALTAF. She's Kswies 12/17/18 06:52:28 PM
#957   ALTURA has a very bright future, unlike some Scotttrader80 12/17/18 05:40:36 PM
#956   Nope was not talking about me, never owned kidtrader 12/17/18 04:39:14 PM
#955   Wow, sorry to hear you married this stock, Kswies 12/17/18 10:00:35 AM
#954   $Altura, Good thing I dont have any tats, Scotttrader80 12/16/18 06:54:07 PM
#953  Restored Buying a boat load here would be as kidtrader 12/16/18 06:49:56 PM
#952   Trips work for me, I'll buy a BOAT Scotttrader80 12/16/18 06:44:30 PM
#951   Only 11 investors in this stock?!?! Makes sense kidtrader 12/16/18 06:43:08 PM
#950   When the 11 of us need investment advice Scotttrader80 12/16/18 06:06:25 PM
#949   Do not catch a falling knife, longs have kidtrader 12/16/18 05:23:53 PM
#948   Agreed! The Aussies do it differently, they're the Scotttrader80 12/16/18 03:11:31 PM
#947   It does provide a unique opportunity for those Etailer 12/16/18 01:30:17 PM
#946   What kind of retarded company does not get kidtrader 12/16/18 01:28:57 PM
#945   The only thing youre missing is NO ONE Scotttrader80 12/16/18 10:34:39 AM
#944   I concur, with a few quarters showing boatloads Etailer 12/16/18 10:32:31 AM
#942   Look up their sister mine too, LOTS of Scotttrader80 12/16/18 08:51:01 AM
#941   Well I have no worries as I don't NotRichYet2 12/16/18 08:49:28 AM
#940   No worries with Altura, their mining doesnt pollute Scotttrader80 12/16/18 08:46:25 AM
#939   LOL - Well , in that I had NotRichYet2 12/16/18 08:41:59 AM
#938   Theres all of 11 of us popping our Scotttrader80 12/16/18 07:46:18 AM
#937   ROFLMAO, ya go with that theory Scotttrader80 12/16/18 07:10:52 AM
#936   22000 volume just shows there is no interest kidtrader 12/16/18 02:40:18 AM
#934   No operation scams trade all of the time, Scotttrader80 12/16/18 12:28:42 AM
#933   UNDERWATER + BAGHOLDERS = PUMP and DUMP kidtrader 12/16/18 12:19:47 AM
#931   Either way - HELL of a % margin NotRichYet2 12/15/18 04:40:34 PM
#930   The money I am using is US Dollars Etailer 12/15/18 04:31:41 PM
#929   O.K. think I got a general overview of NotRichYet2 12/15/18 04:27:44 PM
#928   Sensitivity is very high here. I understand, its kidtrader 12/15/18 01:27:12 PM
#927   LOL IM NOT worried, this mine is MINING Scotttrader80 12/15/18 12:03:22 PM
#925   There is alot to like about Altura in Kswies 12/15/18 10:16:41 AM
#923   Totally agree. It seems that no amount of Kswies 12/15/18 10:09:02 AM
#922   Yeah it really doesn't make any sense that Etailer 12/15/18 09:35:58 AM
#921   Already producing and lost 50% in such a kidtrader 12/15/18 03:32:18 AM
#920   ROFLMAO, this mining company is just getting started, Scotttrader80 12/14/18 07:07:45 PM
#919   Australian Federal Government finally breaks silence on trillion-dollar Etailer 12/14/18 06:52:42 PM
#918  Restored Maybe not that big of a mistake; NOW NotRichYet2 12/14/18 06:51:27 PM
#915   Altura is producing and cranking out the lithium Etailer 12/14/18 06:34:37 PM
#914   THANKS - Just an educated guess of mine NotRichYet2 12/14/18 06:12:11 PM
#913   Sure, I can get a link put up Etailer 12/14/18 05:55:51 PM
#910   Wow this company is a joke! New 52 kidtrader 12/14/18 03:10:20 PM
#909   Looks like a buying op should the sp Scotttrader80 12/14/18 02:25:32 PM
#908   Sorry, Hot copper. Kswies 12/14/18 10:57:23 AM
#907   what is HC? Scotttrader80 12/14/18 10:10:09 AM
#906   $.10...You and me both Scottt. Lots of $AJM Kswies 12/14/18 10:04:32 AM
#905   $ALTAF is a safe bet long. Scotttrader80 12/14/18 09:34:58 AM
#904   I believe once the correction is over it Kswies 12/14/18 09:22:39 AM
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