Presentation - Noosa Mining and Exploration Conference
Perth, July 22, 2016 AEST (ABN Newswire) - Altura Mining Ltd (
ASX:AJM) Presentation - Noosa Mining and Exploration Conference
Feasibility Study (FS) completed
FS Key Outcomes - April 2016
- Mineral Resource estimate of 35.7mt @ 1.05% Li2O
- Ore Reserve estimate of 18.47mt @ 1.07% Li2O
- Positive results from recently completed detailed FS
- Annual ore feed of 1.4 mtpa
- Annual steady state lithium oxide production 215ktpa
- 15+ years LOM
- LOM strip ratio of 2.7:1
- LOM Net Revenue of A$1,562 million
- Capex A$129 million
- Payback period < 2 years
Next steps
- Deliver Definitive Feasibility Study (DFS) - August 2016
- Obtain grant of Mining Lease (ML) - July/August 2016
- Agree a binding offtake with OptimumNano and in the process secure offtake close to 100% of planned production
- Establish funding arrangements for the project
- Lodge Mining Proposal on grant of ML
- Commence onsite construction on approval of Mining Proposal, planned to occur by December 2016
- First production of spodumene in 3rd Quarter 2017
To view the presentation, please visit:
http://abnnewswire.net/lnk/Y0CU222O
About Altura Mining Ltd
Altura Mining Limited (ASX:AJM) is building a leading position in the independent supply of lithium raw materials, with a world class lithium project at Pilgangoora ready to set the platform and be the first new hard rock lithium product supplier in 2017. The Altura team has a track record of delivering mining projects with Pilgangoora the most advanced stage, near term producing lithium project; solid offtake partners and a market providing substantial growth opportunities to ensure positive shareholder returns.
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