Commercial spodumene production declared in March 2019!

Altura Lithium

A world-class lithium project

Altura’s Pilgangoora Mine is a world class hard-rock open pit lithium operation which is in commercial production in 2019.

The Altura Lithium Mine is a world class hard-rock lithium operation, located at Pilgangoora in Western Australia, an approximately 123km drive from the town of Port Hedland.

Altura developed the greenfields site into a fully-integrated mining and processing operation which started production in 2018 and reached commercial output in early 2019. The current project resource, contained within Mining Lease tenements M45/1230 and M45/1231, covers an area of 394 hectares.

The Altura Lithium deposit is mined by open pit and benefits from shallow and thick mineralisation that allows spodumene ore to be extracted efficiently and at low cost. After mining the ore is processed via the on-site processing plant to produce a high-grade spodumene concentrate.

The spodumene concentrate is then trucked to Port Hedland and exported in bulk to Altura’s offtake partners in China for further processing into a wide range of lithium chemicals, including lithium carbonate (standard and battery grade), lithium hydroxide, lithium metal, and lithium chloride. The mine is rated to produce approximately 220,000 tonnes of lithium spodumene concentrate per annum.

The life of mine is forecast to be 26 years at current rates, but at the request of Altura’s offtake partners, the Company has completed a definitive feasibility study on a Stage 2 expansion to increase output to 440,000 tonnes per annum (see ASX announcement on 30 April 2018). Commencement of Stage 2 is subject to Altura entering long term offtake agreements with customers, securing funding for the expansion and final Board approval.

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