Altona Mining Limited (Altona) is the result of a merger of ASX listed base metal companies; Vulcan Resources Limited and Universal Resources Limited. The company has two major copper assets.
Altona has a clear strategy to build a profitable copper business producing from multiple mines in historic major copper mining camps.
The Company expects to commence production in 2011 and is targeting production of in excess of 40,000t of copper annually by 2014 with significant additional gold, zinc, nickel and cobalt credits.
With two high quality advanced stage copper projects (Outokumpu in Finland and Roseby near Mt Isa in Queensland), over 1Mt of contained copper in Resources, near-term production, and a strong balance sheet, Altona is poised to deliver significant shareholder value.
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About Altona Mining Limited
Altona is a cashed up ASX listed company with a record of shareholder returns. It is focussed on the Cloncurry Copper Project in Queensland, Australia.
The Cloncurry Copper Project has resources containing some 1.65 million tonnes of copper and 0.43 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator.
Altona Mining Limited