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Altura Mining Limited (ALTAF)

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Last Post: 10/21/2018 2:12:12 PM - Followers: 11 - Board type: Free - Posts Today: 0




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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#821   I hear you on that one bro. Etailer 10/21/18 02:12:12 PM
#820   Hope that lithium sanity will return next year. tikotiko 10/21/18 01:44:04 PM
#819   Nice report from Joe Lowry on future Lithium Etailer 10/21/18 12:30:45 AM
#818   Announcement of annual meeting on November 21 below. tikotiko 10/18/18 06:50:21 PM
#817   Thank you very much Etailer, this tech looks Kswies 10/18/18 10:22:38 AM
#816   Link to the new battery technology right around Etailer 10/17/18 10:03:39 PM
#815   new solid state batteries and their supposed to Kswies 10/17/18 03:54:33 PM
#814   Most definitely long on this one and this Etailer 10/17/18 02:20:31 PM
#813   It does baffle me. They need to take Etailer 10/17/18 02:15:43 PM
#812   They LOVE money or wouldnt have taken the Scotttrader80 10/17/18 11:27:19 AM
#811   I just emailed them again and sent a Kswies 10/17/18 11:19:35 AM
#810   Not anywhere past the two outlets Ive mentioned, Scotttrader80 10/16/18 09:04:38 PM
#809   Lol, surely they will announce the arrival of wshaw14 10/16/18 08:58:26 PM
#808   Dont hold your breath, Altura doesnt make announcements Scotttrader80 10/16/18 08:35:53 PM
#807   I believe it left on the 6th. It wshaw14 10/16/18 08:30:47 PM
#806   Arrangements have been made for the next shipment Scotttrader80 10/16/18 08:29:16 PM
#805   dont wait too long, Scotttrader80 10/16/18 08:13:15 PM
#804   I am not a flipper, but I dont wshaw14 10/16/18 08:10:44 PM
#803   the 11 people on this board are all Scotttrader80 10/16/18 07:25:16 PM
#802   Wow, with these volumes it would be hard wshaw14 10/16/18 03:59:07 PM
#801   Nice bump today, hopefully we can keep this Etailer 10/16/18 01:47:18 AM
#799   Watch it Scotttrader, we said the same thing Etailer 10/11/18 06:43:08 PM
#798   some contact info Scotttrader80 10/11/18 01:45:34 PM
#797   Where in the world are you getting $.10 Kswies 10/11/18 10:13:02 AM
#796   I don't have a twitter acct. but will Kswies 10/11/18 10:08:06 AM
#795   Lol, I guess there is nothing wrong with Scotttrader80 10/10/18 09:54:05 PM
#794   Looks like a Buying Op under .10 may wshaw14 10/10/18 05:21:07 PM
#793   It is annoying, maybe they just feel no Scotttrader80 10/10/18 11:52:20 AM
#792   Its just strange and I am impatient because Kswies 10/10/18 11:34:34 AM
#791   I'll see what I can find regarding some Scotttrader80 10/10/18 11:29:00 AM
#790   I emailed them again but do not expect Kswies 10/10/18 11:17:28 AM
#789   A press release here at Ihub only costs Scotttrader80 10/10/18 11:01:02 AM
#788   Then those 11 must have controlling interest, tell Kswies 10/10/18 09:38:43 AM
#787   I'm tempted to pick up another 10,000 shares. Etailer 10/09/18 11:18:17 PM
#786   Bizarro World... tikotiko 10/09/18 07:43:57 PM
#785   Theres only 11 of us following them here Scotttrader80 10/09/18 06:18:38 PM
#784   Makes me wonder about share price stability in Kswies 10/09/18 04:28:59 PM
#782   More great mining news on Twitter and on Scotttrader80 10/09/18 03:14:02 PM
#781   First actual shipment of 5000 tonnes is on BenRN 10/09/18 02:57:48 PM
#780   Interesting chart history, almost precisely 1 year ago Kswies 10/04/18 04:12:24 PM
#779   Yes, not a bad start at 5k tons, tikotiko 10/04/18 02:07:12 PM
#778   I forgot the plans to double the output. Etailer 10/04/18 12:34:03 PM
#777   5000 tons at $905 per ton would be Etailer 10/04/18 12:27:55 PM
#776   Even with the news... we got a big BenRN 10/04/18 11:35:53 AM
#775   Yup!! Saw the release this morning as well! BenRN 10/04/18 08:45:10 AM
#774   Finally! The announcement that we were waiting tikotiko 10/03/18 11:29:20 PM
#773   ALTAF's getting a little volume and a smidgen Scotttrader80 09/27/18 08:08:44 PM
#772   What are the chances ALTAF shoots themselves in Kswies 09/26/18 10:17:01 AM
#771   I just had to unblock you Scotttrader, you Etailer 09/25/18 08:42:21 PM
#770   Boy those .14's look juicy and with the Scotttrader80 09/25/18 01:23:26 PM