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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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PlusOneCoin Top Posts
#598   It will not hit $.20, you will be Etailer 06/19/18 12:49:35 AM
#356   Scott. Scott. Scott. If this goes to Dr Badman 03/12/18 11:07:37 AM
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#703   what a crock, Lithium is in high demand Scotttrader80 08/14/18 02:53:49 PM
#702   Here's an article that suggests the opposite. Dr Badman 08/14/18 01:34:52 PM
#701   Picked me up some 18's, now lets roll. Kswies 08/14/18 12:06:37 PM
#700   Two main page articles were released stating that Random31 08/14/18 11:47:05 AM
#699   That's good perspective. Just surprises me that it's Random31 08/13/18 09:55:28 PM
#698   actively producing yes but no payments for product Scotttrader80 08/13/18 08:21:35 PM
#697   This is how we get rich. Buy the red. Dr Badman 08/13/18 02:49:04 PM
#696   What the hell!?!? This is blowing my mind. Random31 08/13/18 02:22:34 PM
#695   Buh Bye Take Over. Hello Lithium Production. $$$$$$$$$$$$$$$$$$$$$! Dr Badman 08/09/18 01:14:01 AM
#694   Wunderbar :-) Random31 08/08/18 11:13:53 PM
#693   The same news from a different news source: tikotiko 08/08/18 10:16:43 PM
#692   ...and even more good news from HC below, tikotiko 08/08/18 07:16:39 PM
#691   More good news. The three majors (FMC, ALB, Dr Badman 08/08/18 12:10:45 PM
#690   You are correct, sir. Random31 08/08/18 11:32:37 AM
#689   Altura share value rose 300% last year with Dr Badman 08/08/18 10:29:29 AM
#688   Email or Tweet them that suggestion, unfortunately they Scotttrader80 08/08/18 09:38:32 AM
#687   Here ya go.... https://www.reuters.com/article/fmc-lithium/fmc-says-lithium-pric Dr Badman 08/08/18 09:36:42 AM
#686   Really wish they would release an actual PR... BenRN 08/08/18 09:32:25 AM
#685   Perfect. Add a couple big news drops for Random31 08/08/18 12:02:39 AM
#684   Good news per link with announcement below. tikotiko 08/07/18 08:26:53 PM
#683   I cant recall the last time ALTAF didnt Scotttrader80 08/06/18 06:12:03 PM
#682   It's still an absolute steal. Pilbara is just Random31 08/06/18 01:00:45 PM
#681   Yea... I should have ran with them. I BenRN 08/06/18 12:01:21 PM
#680   Though this is my baby,I think all my Random31 08/06/18 10:55:29 AM
#679   If you follow their progress on their Twitter Scotttrader80 08/05/18 01:46:04 AM
#678   Thanks Scott. I also think that we tikotiko 08/04/18 10:12:03 PM
#677   We'll see some teens before this starts a Scotttrader80 08/04/18 06:52:33 PM
#676   Ok, now that you got your $0.20 wish tikotiko 08/04/18 11:46:52 AM
#675   Hopefully not yet. Want to get more down here. Dr Badman 08/03/18 02:23:43 PM
#674   Only getting better fellas... BenRN 08/03/18 12:50:25 PM
#672   I did not see it coming. You have Random31 08/02/18 07:50:59 PM
#671   Nice call Scott. Dr Badman 08/02/18 05:22:45 PM
#670   Kudos from me as well Scott! I tikotiko 08/02/18 03:35:24 PM
#669   Why not, .20 cents is a excellent entry Scotttrader80 08/02/18 03:02:59 PM
#668   If your bleeding as bad as I, it Kswies 08/02/18 01:25:54 PM
#667   The off take contract with Optimum Nano is tikotiko 08/02/18 12:37:28 PM
#666   I was thinking about loading up at this BenRN 08/02/18 11:46:16 AM
#665   Crappy rumors, hopefully doesn't become news. Crappy off-take Kswies 08/02/18 11:44:28 AM
#664   Is there some crappy news out or something?? Wth... BenRN 08/02/18 11:37:21 AM
#663   ...and nothing resolved. This does not bode tikotiko 08/02/18 11:31:57 AM
#662   Backed up the truck ! Etailer 08/02/18 10:50:39 AM
#661   Yeah, but it sure did bounce back fast Etailer 08/02/18 09:59:53 AM
#660   Wow.... here is your chance!! Hate to say BenRN 08/02/18 09:38:49 AM
#659   It was certainly great to hear the news tikotiko 07/27/18 12:08:00 PM
#658   Precisely. These mines are largely influenced by demand, Random31 07/27/18 12:16:34 AM
#657  Restored That's inaccurate. Across the board Lithium mining Dr Badman 07/26/18 05:48:52 PM
#656   True... one thing about this company, they are BenRN 07/26/18 02:40:37 PM
#655   Unless they announce news past their website, the Scotttrader80 07/26/18 02:37:53 PM
#654   I'm surprised there is not more buzz about Kswies 07/26/18 02:28:54 PM
#653   Correct. They can't hold the lithium boom Dr Badman 07/26/18 01:44:44 PM
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