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Altura Mining Ltd (ASX:AJM) Presentation - Noosa Mining and Exploration Conference
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 Altura Mining Ltd (ASX:AJM) Presentation - Noosa Mining and Exploration Conference
Feasibility Study (FS) completed
FS Key Outcomes - April 2016
- Mineral Resource estimate of 35.7mt @ 1.05% Li2O
- Ore Reserve estimate of 18.47mt @ 1.07% Li2O
- Positive results from recently completed detailed FS
- Annual ore feed of 1.4 mtpa
- Annual steady state lithium oxide production 215ktpa
- 15+ years LOM
- LOM strip ratio of 2.7:1
- LOM Net Revenue of A$1,562 million
- Capex A$129 million
- Payback period < 2 years
Next steps
- Deliver Definitive Feasibility Study (DFS) - August 2016
- Obtain grant of Mining Lease (ML) - July/August 2016
- Agree a binding offtake with OptimumNano and in the process secure offtake close to 100% of planned production
- Establish funding arrangements for the project
- Lodge Mining Proposal on grant of ML
- Commence onsite construction on approval of Mining Proposal, planned to occur by December 2016
- First production of spodumene in 3rd Quarter 2017
To view the presentation, please visit:
http://abnnewswire.net/lnk/Y0CU222O
James Brown
Managing Director
Altura Mining Limited
T: +61-427-988-898
www.alturamining.com
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