Quarterly Activities Report – Sept Quarter 2016

Highlights

  Lithium

  • Definitive Feasibility Study (DFS) completed with the following key findings:
  • Annual production of 219,000 tonnes (average) of spodumene concentrate
  • LOM Net Revenue of A$2,074 million
  • NPV of A$411 million and IRR of 58.1% (10% discount rate)
  • Project payback of 1.8 years
  • 20.33 Mt of total ore feed to produce 2.89 Mt of spodumene concentrate production
  • LOM Strip Ratio of 2.9:1
  • LOM Cash Cost (FOB) of A$316 per product tonne
  • Revised Ore Reserve estimate of 20.33 million tonnes @1.06% Li2O
  • Upgraded Mineral Resource estimate of 39.16 million tonnes @1.02% Li2O
  • Native Title Agreement with the Njamal people
  • Mining Lease granted and Mining Proposal lodged with the DMP
  • Cooperative access agreements signed with Pilbara Minerals Limited
  • Purchase of High Pressure Grinding Rolls (HPGR) Crusher, a key component in the crushing
  • circuit.
  • Placement of orders with various other long lead equipment suppliers

 Coal

  • During the quarter 83,384 tonnes of coal sold – Altura share 27,795 tonnes

 Corporate

    • Funding Letter of Intent signed with Offtake Partner

Further details

Posted in 2016 ASX