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Altura Mining Ltd (ASX:AJM) and Pilbara Minerals (ASX:PLS) Execute Cooperative Agreements for Pilgangoora Lithium Project
Altura Mining Limited (ASX:AJM) (OTCMKTS:ALTAF) is pleased to advise that it has executed both a mutual Access Agreement and a Memorandum of Understanding (MoU) to cooperate at tenement boundaries with adjoining Pilgangoora lithium project developer Pilbara Minerals Limited (ASX:PLS) ("Pilbara").

The agreements are based on evaluating mutually beneficial opportunities for the respective project developments and maximising the potential to recover lithium-rich pegmatites across tenement boundaries.

The Access Agreement provides for both Altura and Pilbara to mutually remove any objections to tenure applications made by either company, sharing of site access roads and pipeline locations and distribution of costs incurred proportionately. Both Altura and Pilbara have been extensively evaluating their respective mineral deposits at Pilgangoora, with this agreement now formalising the existing cooperative approach taken by both companies.

The non-binding MoU has been executed to cover the joint evaluation of the potential to expand or combine lithium-rich pegmatite zones that are now proven to cross the boundaries between Altura and Pilbara (see Figure 1 over - in link below).

Extensive drilling programs undertaken in both the Altura and Pilbara tenements appear to have identified a series of thick and strongly mineralised pegmatites which cross the tenement boundaries.

Altura has been conducting resource / reserve extension drilling in conjunction with a sterilisation drilling program for planned infrastructure locations, and the initial results from these programs are expected to be available later this month.

Altura is pleased to consolidate the valuable working relationship with Pilbara and demonstrates the willingness between the companies to evaluate strategic improvements that are beneficial to both companies as they progress their respective projects into production.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/9QL66QLS

James Brown
Managing Director 
Altura Mining Limited
T: +61-427-988-898
www.alturamining.com 

Paul Mantell
Executive Director
T: +61-418-727-460





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