A force like no other
Altura Mining Limited (ASX:AJM) is an emerging low-cost developer of lithium concentrates with its 100% owned Pilgangoora project, a world class hard-rock lithium project located in the Pilbara region of Western Australia. The Company completed a Feasibility Study in early 2016 and is focussed on the completion of the Definitive Feasibility Study in Q3 2016, with the construction of the mine planned to start in Q4 2016 and production expected to commence in Q3 2017.
The Company’s soon to be developed Pilgangoora project represents an opportunity to gain exposure to one of the largest, low cost, and nearest term producing hard rock lithium mines globally, located in a safe mining friendly jurisdiction. The asset is well positioned to benefit from the robust lithium market fundamentals on the back of emerging electric vehicle and energy storage growth given its proximity to infrastructure, advanced feasibility stage, advanced offtake agreements and a highly experienced management team.
Additionally, Altura has other non-core coal assets in Indonesia, which it intends to divest as soon as practicable. These coal assets include the producing Delta thermal coal mine (⅓ Altura) and the development stage high CV coal, Tabalong thermal coal project (70% Altura) both in Kalimantan.
Altura’s strategy focuses on identifying simple opportunities which will grow the Company and deliver profits and shareholder value with ongoing cash flows. Altura’s clear vision is to focus on projects with simple operations, with a lower cost structure to ensure strong results and a healthy company position.
Altura’s Pilganagoora Lithium Project