Perth, May 1, 2017 AEST (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's Quarterly Activities & Cash Flow Report.


Debt due diligence at an advanced stage

- Confirmatory pilot plant test work completed in South Africa, Australia and Germany

- HPA market study completed

- Technical due diligence at an advanced stage

- Permitting in Malaysia and Australia progressed

Fixed price EPC contract targeted for HPA plant construction

- Fixed price EPC contract framework agreed

- Warranty, performance and completion guarantees will apply

- Liquidated damages for late completion and bonus for early delivery of plant

- Significantly de-risks the HPA project for shareholders and debt providers

- Detailed engineering ongoing to determine EPC contract fixed price amount

Mining approval received for Meckering kaolin deposit

- Mining proposal approved for Altech's Meckering kaolin deposit (M70/1334)

- Important development milestone for supply of kaolin feedstock to Malaysian HPA plant

- Mining can proceed immediately when required

- Initial mining campaign of two-months to stockpile 3 years' supply of kaolin for HPA plant feedstock

Frankfurt Stock Exchange dual listing of Altech shares

- Dual listing of Altech shares on Frankfurt Stock Exchange

- Altech shares trade under the symbol "A3Y"

- Broadens Altech's European investor appeal, particularly in Germany

- Overcomes time zone and account issues for European retail investors

A$2 million share placement to cornerstone investor

- A$2 million raised via share placement to existing cornerstone investor

- Placement priced at $0.14 per share, an 8% premium

- Existing Malaysian shareholder MAA Group Berhad

- Funds applied to detailed design and engineering

HPA plant detailed engineering well advanced

- Plant detailed design and engineering well advanced

- 55 M+W Group personnel allocated to the project

- Progressing in accordance with revised schedule

- Supplier and vendor firm quotations being submitted

- Final design incorporates scope changes and recommendations from due diligence

To view the full report, please visit:

About Altech Chemicals Ltd

Altech Chemical Ltd ASX:ATCAltech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3). HPA is a high-value product because it is the major source material for scratch-resistant artificial sapphire glass. Sapphire glass is used to produce a range of high-performance electronic applications such as LEDs, semi-conductors, phosphor display screens, as well as new emerging products such as smartphones and tablet devices. The global HPA market is approximately 19,040tpa (2014) and is expected to at least double over the coming decade.



Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320

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