Quarterly Activities Report March 2013

Highlights:

Coal

  • Acquisition of a one-third (⅓) interest in the Delta Coal operations in East Kalimantan, Indonesia.
  • 261,807 tonnes of coal produced from the Delta Coal mine for the March quarter – AJM share 87,096 tonnes.
  • Coal operating contract for Catanduanes in Philippines awarded.

Lithium

  • Diamond core drilling program continued at the Pilgangoora Lithium project during the quarter.
  • Altura actively seeking an off-take partner for flagship Pilgangoora project.

Iron Ore

  • Feasibility study completed during the quarter and currently under review by Altura.
  • Discussion and negotiation of commercial terms with Joint Venture partner Atlas Iron continuing.
  • Targeting initial production at the rate of 3 million tonnes per annum commencing as early as December 2013.

 

Further details

Posted in 2013 ASX