Charging forward with lithium
Altura 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.
|The Pilgangoora Lithium project in Western Australia is the Company’s main focus with the DFS due in Q3 2016 and construction to commence in Q4 2016. Production of spodumene is set for Q3 2017.|
|The Delta Coal Mine in East Kalimantan produces mid ranking thermal coal. Altura owns a one-third stake in this business. Production capacity is 2 Mtpa with no additional capital required. Delta delivers an integrated operation, with coal supply chain from mine to barge and includes simple open pit mining with coal crushing on site. Altura aims to divest this asset in the near term.|
|The Tabalong Coal project in South Kalimantan includes five IUPs covering 17,000 hectares and has confirmed high calorie thermal coal. Altura has decided to divest this asset to focus on its lithium project.|
“From delivering results for shareholders, suppliers, customers, the community and our people, the Company takes a long term approach to delivering enduring and sustainable growth and performance” – James Brown, Managing Director