Altura has significant lithium and coal projects in Australia and Indonesia, an experienced leadership and a strong and supportive shareholder base. Altura’s success is further underpinned by its solid suite of exploration and development projects.
Following a successful capital raising in May 2015, Altura is moving quickly to complete the feasibility study at its Pilgangoora lithium project in the Pilbara region of Western Australia. Altura has previously identified a world class lithium deposit at Pilgangoora, and believes there is strong potential for the deposit to be mined and to be able to recover a highly saleable spodumene concentrate.
The Company is also continuing to progress the proposed listing of its Indonesian coal assets on the Singapore ‘Catalist’ Stock Exchange. These existing investments comprise a 331/3% interest in the Delta coal mine in East Kalimantan, Indonesia and majority interests in five Mining Licences that form the Tabalong coal project in South Kalimantan. As part of the planned listing, funds will be raised in Singapore to fund the development of the Tabalong project through to production, strengthen the balance sheet for the existing Delta mine and progress the exploration programs for both projects. The company is targeting completion during the second half of 2015.
Altura plans to become a diversified miner with:
- Simple operations with strong cash flows
- A multi-commodity portfolio producing lithium and coal
- Sustainable mining operations with low capital intensity
- Strong financial management and strategy from an experienced management team.