Altech Batteries Ltd Stock Market Press Releases and Company Profile
Altech Commences Grade Control Drilling at Meckering
Altech Commences Grade Control Drilling at Meckering

Perth, April 1, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (googlechartASX:ATC) is pleased to announce that it has commenced a grade control drilling program at its Meckering kaolin deposit.

A total of 21 air core drill holes are planned over Altech's 100%-owned tenement E70/3923, which is located approximately 130km east from Perth, Western Australia.

The grade control drilling program is to assist the Company in planning its future Meckering mining operation. The proposed Meckering mine will provide kaolin feedstock for the Company's high purity alumina (HPA) plant at Johor, Malaysia.

At Meckering, the Company is planning to mine approximately 120,000 tonnes of kaolin every three years on a campaign basis, each mining campaign will last approximately two months. The resultant raw kaolin will be stockpiled, then containerised into standard shipping containers at the rate of around 40,000tpa and transport to Johor, Malaysia for processing into HPA at the Company's proposed plant.

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About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns. 

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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