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Altura Mining Limited (ALTAF)

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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 


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#577  Sticky Note Altura lithium project commissioning update Scotttrader80 06/06/18 09:52:10 AM
#606   The uncertainty about the takeover and the poor tikotiko 06/20/18 09:33:21 PM
#605   My crystal ball is broken Random31 06/20/18 05:04:03 PM
#604   .24 cents Scotttrader80 06/20/18 04:19:17 PM
#602   DOWN .02 cents a day puts ALTAF at Scotttrader80 06/19/18 01:39:11 PM
#601   Altura Mining closes in on sales agreements, first Etailer 06/19/18 01:30:19 PM
#600   Down day across the market. ALTAF is on Kswies 06/19/18 01:07:20 PM
#599   LOLOL I highly doubt that. But I placed Scotttrader80 06/19/18 12:54:13 AM
#598   It will not hit $.20, you will be Etailer 06/19/18 12:49:35 AM
#597   Come on June PR!!! The Altura team has Kswies 06/14/18 12:29:32 PM
#596   EXCELLENT!!! News like this will help tremendously with Kswies 06/11/18 10:59:37 AM
#595   Haha well good! I'm not, by any means, BenRN 06/10/18 10:25:31 PM
#594   News out! May 2018 newsletter https://alturamining.com/may-2018-newsletter/ BenRN 06/10/18 10:19:47 PM
#593   I don't see this going parabolic due to Random31 06/10/18 02:21:00 AM
#592   Ben I love your posts. You genuinely Peabody2 06/10/18 12:15:00 AM
#591   Lets not kid ourselves.....we are engaging in pure Peabody2 06/10/18 12:01:47 AM
#588   Mere days away from production and the sp Scotttrader80 06/09/18 11:36:52 AM
#587   Yeah, nobody in the world can change my Random31 06/08/18 05:10:26 PM
#586   We closed 4.5% up, which is still in tikotiko 06/08/18 04:39:17 PM
#584   Look at Galaxies history. It stayed under .30 Random31 06/08/18 12:50:58 PM
#581   Join the club Ben. The world is too Kswies 06/07/18 05:19:47 PM
#580   Haha I would like some gains right now. BenRN 06/07/18 03:17:48 PM
#579   Yes- it is set up nicely for future gains Random31 06/07/18 02:27:28 PM
#578   RESOURCE AND RESERVE BOOST Kswies 06/07/18 12:35:04 PM
#577   Altura lithium project commissioning update Scotttrader80 06/06/18 09:52:10 AM
#576   The entire industry is down momentarily. China cornering Random31 06/03/18 01:52:43 AM
#575   We are still trading sideways. I think tikotiko 06/01/18 09:52:16 PM
#574   Good day today ya'll!! BenRN 05/30/18 04:18:38 PM
#573   This article focuses mostly on Sayona, but it tikotiko 05/29/18 07:40:10 PM
#572   All of these mining companies in two years Random31 05/28/18 11:44:28 PM
#571   News out ASX ANNOUNCEMENT / 28 May 2018  RESOURCE AND BenRN 05/27/18 10:50:50 PM
#570   The company's wording is what did it, being Scotttrader80 05/22/18 05:01:56 PM
#569   The stock market is very good at defying Kswies 05/22/18 02:49:46 PM
#568   Yup, is is not uncommon for the SP tikotiko 05/22/18 12:44:23 PM
#567   Big picture,bud. Lithium industry is back in the Random31 05/22/18 11:59:47 AM
#566   Hahaha this is just silly... news out about BenRN 05/22/18 11:24:17 AM
#565   FIRST CRUSHED ORE STOCKPILED AT ALTURA LITHIUM PROJECT Kswies 05/22/18 10:20:26 AM
#564   https://smallcaps.com.au/altura-mining-verge-lithium-production-western-australia/ It's a mar Random31 05/22/18 12:55:09 AM
#563   NEWS OUT!! https://alturamining.com/wp-content/uploads/2018/05/1804084.pdf BenRN 05/22/18 12:07:40 AM
#562   Making a move today!! BenRN 05/21/18 11:28:09 AM
#561   That's from 2011 BenRN 05/17/18 06:50:19 AM
#556   What did James Brown mean in this interview? Peabody2 05/16/18 11:53:52 PM
#555   I would be all over that ! Etailer 05/15/18 07:24:21 PM
#554   Just for you Scotttrader80 05/15/18 07:18:43 PM
#553   Lol Etailer 05/15/18 07:13:51 PM
#552   Maybe I'll drop my bid to .10 cents, Scotttrader80 05/15/18 07:11:13 PM
#551   You can gloat all you want when it Etailer 05/15/18 06:39:29 PM
#550   No worries, this thing is a lithium mine....and Kswies 05/15/18 10:36:54 AM
#549   Discount prices. Get off the short term train, Random31 05/15/18 10:12:03 AM
#548   .2314 BID Scotttrader80 05/15/18 09:08:47 AM
#547   Not until JUNE as the .20's rear their Scotttrader80 05/15/18 09:06:26 AM
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