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Altura Mining Limited (ALTAF)

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Last Post: 4/18/2019 1:33:50 PM - Followers: 10 - 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
#1006  Sticky Note Lithium Miners News Kswies 12/28/18 12:01:21 PM
#1194   Agree, change is great as long as it Kswies 04/18/19 01:33:50 PM
#1193   New announcement regarding resignation of Director representing J&R: tikotiko 04/18/19 11:24:50 AM
#1192   $ALTAF time to shine... Kswies 04/15/19 02:28:38 PM
#1191   Don’t worry, they hired me! ;-) tikotiko 04/08/19 03:39:45 PM
#1190   Pretty much doesnt matter how much they ship, Scotttrader80 04/08/19 03:05:57 PM
#1189   ;-) tikotiko 04/08/19 12:55:10 PM
#1188   What are you doing Tiko? watching the ship Etailer 04/08/19 12:51:23 PM
#1187   The AAL Nanjin is expected in Port Headland tikotiko 04/08/19 12:38:25 PM
#1185   You and me both, anything in this price Kswies 04/02/19 03:56:39 PM
#1184   Congrats Ks. I had an order at tikotiko 04/02/19 03:45:23 PM
#1183   Just loaded $.097's WOOHOO. It appears the TS Kswies 04/02/19 11:14:58 AM
#1182   lol, thats too much work. About a year Scotttrader80 04/01/19 04:15:37 PM
#1180   Yep they are about a year behind schedule...go instructmba 04/01/19 03:14:32 PM
#1179   Good for you instructmba. It is definitely tikotiko 04/01/19 02:13:28 PM
#1178   Sounds like you timed it right. Right on! Kswies 04/01/19 10:43:45 AM
#1177   LOL but surely ALTAF is worth some soon instructmba 04/01/19 10:05:11 AM
#1176   Great news! Looks like they snuck it in Kswies 04/01/19 09:28:26 AM
#1175   The ship that had to leave port prematurely tikotiko 03/31/19 10:49:54 PM
#1174   Was his name KidTrader by chance? Etailer 03/29/19 08:03:50 PM
#1172   The only fact check anyone needs is when Scotttrader80 03/29/19 07:27:48 PM
#1171   Actual was 26346 for any fact checkers. Lol instructmba 03/29/19 07:25:47 PM
#1170   Nice score Scotttrader80 03/29/19 07:17:34 PM
#1169   Pick up another 26,340 shares today. instructmba 03/29/19 03:31:28 PM
#1168   All the action is on the other exchanges. Etailer 03/28/19 03:27:06 PM
#1167   Bid @ 0.0891 x20,000, Ask @ 0.100 x19,000 Kswies 03/28/19 10:48:28 AM
#1166   Electronic glitches are usually caught in advance, pay Scotttrader80 03/27/19 03:42:25 PM
#1165   The pricing on this thing is all wrong, Kswies 03/27/19 03:28:55 PM
#1164   With todays spectacular volume....the .07's may appear. Scotttrader80 03/27/19 12:01:18 PM
#1163   I'd be real happy to pick up .07's, Kswies 03/27/19 11:56:30 AM
#1162   Just goes to show how marketing affects a Scotttrader80 03/27/19 10:50:27 AM
#1161   Share price $.086, Bid @ $.088, Ask @ Kswies 03/27/19 10:15:21 AM
#1160   Lithium Miners News For The Month Of March 2019 Etailer 03/27/19 09:53:23 AM
#1159   Great...with top 20 owning 1.9B and O/S at instructmba 03/26/19 06:43:26 PM
#1158   The TOP 20 shareholders for ALTAF doesnt include Scotttrader80 03/26/19 06:21:55 PM
#1157   someday we'll see a ROI. Buying opps for us Kswies 03/26/19 05:10:49 PM
#1156   They dont promote anything, the market just isnt Scotttrader80 03/26/19 05:07:04 PM
#1155   I said previously that I don’t need more tikotiko 03/26/19 04:12:29 PM
#1154   AHHH HAAAA!!! We found the OTC investor that Kswies 03/25/19 02:11:25 PM
#1153   Feel anything under .10 is a good price instructmba 03/25/19 12:46:53 PM
#1152   Crazy .08's, I'd love to load some .08's! Kswies 03/25/19 12:18:58 PM
#1151   It is nice we avoided most of Veronica’s tikotiko 03/25/19 11:20:52 AM
#1150   Our .08's are almost on deck!!! Scotttrader80 03/25/19 10:59:23 AM
#1149   Good stuff Tiko! Looks like nothing more than Kswies 03/25/19 10:49:45 AM
#1148   Nice info Tico, thanks for keeping us up Etailer 03/25/19 10:35:59 AM
#1147   Company announcement regarding cyclone: tikotiko 03/25/19 12:09:26 AM
#1146   The action has started. Cyclone is starting tikotiko 03/24/19 03:34:48 PM
#1145   Latest forecast map shows that cyclone Veronica has tikotiko 03/23/19 05:09:34 PM
#1144   Yeah, they have a foreign settlement fee of Etailer 03/21/19 02:43:21 PM
#1143   Dang it that hurts. Grab an etrade acct Kswies 03/21/19 01:21:50 PM
#1142   I am hopeful that no one is that Etailer 03/21/19 01:08:11 PM
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