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Altura Mining Limited (ALTAF)

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Last Post: 2/4/2021 11:46:05 PM - Followers: 14 - Board type: Free - Posts Today: 0

 


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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PostSubject
#1774   Sorry for your loss.... nowwhat2 02/04/21 11:46:05 PM
#1773   From what I've read, its a total loss. Kswies 02/01/21 11:43:37 AM
#1772   So.... Pilbara bought out Altura?? Are the Altura BenRN 02/01/21 11:35:57 AM
#1771   Yes. BOD has some familiar faces. James Brown, Kswies 01/27/21 12:56:49 PM
#1770   Doesn't Altura have ties with DMNXF Soyona? BenRN 01/27/21 10:38:07 AM
#1769   Hope it keeps going this direction!! BenRN 01/22/21 03:47:09 PM
#1768   This is painful to watch. According to Etrade Kswies 01/21/21 06:24:38 PM
#1767   Thankfully, my other lithium holdings have offset my Kswies 01/19/21 03:22:52 PM
#1766   Got stuck in E-trade too but was able instructmba 01/19/21 12:12:36 PM
#1765   You and me both. This market kicked their Kswies 12/08/20 04:47:51 PM
#1764   Wow... is all I have to say. Lost BenRN 12/08/20 04:41:54 PM
#1763   Praying for a miracle here, although I see Kswies 11/23/20 01:05:45 PM
#1762   Smart move, I'm still holding the bag, near Kswies 11/03/20 04:35:36 PM
#1761   no kidding, wow Im glad I sold back Scotttrader80 11/03/20 12:48:19 PM
#1760   They are done, they blew it...$ALTAF long Kswies 11/03/20 11:46:39 AM
#1759   Holy smokes what happened to ALTAF??? .02 cents!?!?!? Scotttrader80 11/03/20 10:15:35 AM
#1758   My mistake.. I think it was an old news toogoodfella 11/02/20 12:30:01 PM
#1757   I’m having problem sharing the link but you toogoodfella 11/02/20 12:27:53 PM
#1756   That may be good news if true, but tikotiko 11/02/20 12:03:55 PM
#1755   Altura confirms takeover talks Altura Mining (AU:AJM) has confirmed toogoodfella 11/02/20 09:34:46 AM
#1754   There is a ton of information, especially that tikotiko 10/29/20 04:40:20 PM
#1753   Good afternoon, PoorOlme 10/29/20 01:29:30 PM
#1752   I just came across this interesting Tweet: tikotiko 10/28/20 11:39:15 PM
#1751   There is also a chance of another offer tikotiko 10/28/20 09:01:49 PM
#1750   I would not place much value on the tikotiko 10/28/20 07:56:16 PM
#1749   help me understand.. ————//———//— It’s just a bounce back from toogoodfella 10/28/20 04:14:28 PM
#1748   Can anyone help me understand what happened today? Osrstaurean 10/28/20 04:06:57 PM
#1747   Wow. That was easy. Hahaha! Meangene818 10/28/20 11:47:51 AM
#1746   Grabbed me some, can’t see anything in the Meangene818 10/27/20 05:00:38 PM
#1745   I couldn't if I wanted to. Per Etrade: Kswies 10/27/20 04:03:04 PM
#1744   I’m buying at .001 five hundred thousand shares toogoodfella 10/27/20 03:36:26 PM
#1743   Program selling 50k blocks on 10 or so willlbone 10/27/20 03:32:43 PM
#1742   Nice Meangene818 10/27/20 03:27:25 PM
#1741   Tiny price today. Lucky 0.0013 willlbone 10/27/20 02:38:53 PM
#1740   Fair enough. As I stated before, I couldn't Kswies 10/27/20 01:12:53 PM
#1739   Patience is the answer ... —-//———//—— I rather take my toogoodfella 10/27/20 11:37:21 AM
#1738   Price may go down to sub penny.. ——//——//——//— It is toogoodfella 10/27/20 11:05:47 AM
#1737   New incoming capital,. —-//———//—- The company is now for sale. toogoodfella 10/27/20 10:56:27 AM
#1736   holders having a fair proportion of shares.. —-//—-//—— New incoming toogoodfella 10/27/20 10:43:56 AM
#1735   Alright, I'll bite....To me this is BK, explain Kswies 10/27/20 10:00:51 AM
#1734   Agree and I hope it would happen with tikotiko 10/26/20 05:25:11 PM
#1733   under control of others. —-//——//—— Acquisition from another company will toogoodfella 10/26/20 05:10:35 PM
#1732   I qualified my statement as a “gut feeling”, tikotiko 10/26/20 04:57:09 PM
#1731   I guess you haven't seen the news eh? ——-//———//——- I toogoodfella 10/26/20 04:38:57 PM
#1730   I guess you haven't seen the news eh? Kswies 10/26/20 04:34:14 PM
#1729   else says this is gone —-///———//—— Not after raising 150 toogoodfella 10/26/20 04:22:25 PM
#1728   What is your take on this toogoodfella? Everyone Kswies 10/26/20 04:10:21 PM
#1727   RE: better to exit if you can. ——//———//—- It is toogoodfella 10/26/20 01:43:32 PM
#1726   I am truly sorry for all holders here. tikotiko 10/26/20 01:30:45 PM
#1725   AltRight going down willlbone 10/26/20 10:23:23 AM
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