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Market: ASX
52-week High/Low: A$0.27 / A$0.10
Sector: Chemicals
Market Cap: A$73.58M
Altech Chemicals Ltd

Altech Chemicals Ltd

Altech Chemicals Ltd (ASX:ATC) is focused on advancing its high purity alumina (HPA) project in Western Australia.

Altech Chemicals Ltd

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Big picture - Why invest in Altech Chemicals Ltd

Altech Chemicals Ltd Snapshot

Altech Chemicals Limited (Altech/the Company) is aiming to become one of the world's leading producers of 99.99% (4N) high purity alumina (HPA) (Al2O3) through the construction and operation of a 4,000tpa HPA manufacturing plant at Tanjung Langsat, Johor, Malaysia. Feedstock for the plant will be sourced from the Company’s 100%-owned kaolin deposit at Meckering, Western Australia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of artificial sapphire. Artificial sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant artificial sapphire glass used (used in high-end watch faces, optical windows, camera lenses, and smartphone components), and for the coating of anode/cathode separators used in lithium-ion batteries.   There is no substitute for HPA in the manufacture of artificial sapphire.

Global HPA demand is approximately 19,040tpa (2014) and demand is growing at an annual rate of 28%, primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs. HPA demand is expected to at least double over the coming decade.

Current HPA producers use an expensive and highly processed feedstock material such as aluminium metal to produce HPA. Altech has completed a Bankable Feasibility Study (BFS) for the construction and operation of a 4,000tpa HPA plant at Tanjung Langsat, Malaysia. The plant will produce HPA directly from kaolin clay, which will be sourced from the Company’s 100%-owned-kaolin deposit at Meckering, Western Australia. Altech’s production process will employ conventional “off-the-shelf” plant and equipment to extract HPA using a hydrochloric (HCl) acid-based process. Production costs are anticipated to be considerably lower than established HPA producers.

High Purity Alumina (HPA) Project

Altech is aiming to become one of the world’s leading suppliers of a high-value product, 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is the high-end form of aluminum oxide with a range of industrial and high-tech end uses. HPA's superior characteristics such as purity, extreme hardness and corrosion-resistance make it an ideal base material for a number of high-performance technologies.

HPA is the key ingredient for sapphire substrates found in LEDs, semiconductors, scratchproof artificial sapphire glass, and a growing range of high-performance applications.

(click here for more information on this project)

Last updated 14th July 2016.

Luke Frederick Atkins
Non-Executive Chairman

Mr Atkins is a lawyer by profession and one of the founders of the company. Mr Atkins brings to the board extensive experience in the areas of mining, exploration, and corporate governance. Mr Atkins is also Non-Executive Director of the successful ASX listed mining and exploration company, Bauxite Resources Ltd (BRL). Mr Atkins formerly held the role of Executive Chairman of BRL after co-founding the company in 2007. He has played a key role in BRL third party negotiations to successfully access funding, joint venture partnerships, land and infrastructure.

Mr Atkins has had extensive experience in capital raisings and has held a number of executive and non-executive directorships of private and publicly listed companies including a number of mining and exploration companies.

Iggy Tan
Managing Director

Mr Tan is a highly experienced mining and chemical executive with a number of significant achievements in commercial mining projects such as capital raisings, funding, construction, start-ups and operations. Mr Tan has over 30 years' chemical and mining experience and been an executive director of a number of ASX-listed companies. He holds a Master of Business Administration from the University of Southern Cross, a Bachelor of Science from the University of Western Australia and is a Graduate of the Australian Institute of Company Directors.

Mr Iggy Tan became the Company's managing director in August 2014. He is responsible for managing and implementing the next stage of the Company's strategic business objectives, which includes the commercialisation of the high purity alumina (HPA) project. Having been involved in the commissioning and start-up of seven resource projects in Australia and overseas, including high purity technology projects, Mr Tan is an accomplished project builder and developer.

Mr Tan previously held the positions of managing director of Nickelore Limited, Galaxy Resources Limited and Kogi Iron Limited. At Galaxy Mr Tan was responsible for the capital raising, construction and start-up of the company's Mt Cattlin spodumene mine ($80m) and the Jiangsu lithium carbonate plant ($100m), which resulted in Galaxy becoming the world's leading producer of high purity lithium carbonate. The Jiangsu plant was eventually sold for $260m in 2014.

Daniel Lewis Tenardi
Non-Executive Director

Mr Tenardi is a highly experienced mining executive with some 40 years in the industry, including with a number of global resource industry leaders across a range of commodities, including iron ore, gold, bauxite, and copper. Mr Tenardi previously spent 13 years with Alcoa, at its bauxite mines in the Darling Range in Western Australia, and a further two years at Alcoa's Kwinana refinery. He has substantial gold mining experience, including with Roche Mining at the Kalgoorlie Superpit and at Anglo Gold Ashanti's Sunrise Dam. Mr Tenardi subsequently worked at executive level for Rio Tinto's Robe River Iron Associates and their East Pilbara Division, and was appointed as a Director of Robe River Iron Associates in the latter years of his employment with Rio Tinto.

Prior to this appointment, Mr Tenardi was Managing Director of Bauxite Resources Ltd, where he led the rapid growth of the company from its initial exploration phase, expansion of land holdings, to the commencement of trial shipments and securing supportive strategic partnerships with key Chinese partners. Mr Tenardi also held the positions of General Manager of Operations and Chief Operating Manager at CITIC Pacific Mining.

Mr Tenardi is currently non-executive director of Grange Resources Ltd.

Peter Bailey
Non-Executive Director

Mr Bailey is a highly experienced and qualified engineer with over 40 years' experience in the mining and industrial mineral production industry and has an electrical engineering degree from the University of London. Mr Bailey spent the majority of his career in the iron ore mining, bauxite mining, zinc-lead-copper mining, alumina refining and alumina chemicals industries respectively.

Mr Bailey was President of Alcoa Bauxite and Alumina in 1996, and was responsible for Alcoa's eight alumina plants outside of Australia. He was also the chairman of the Alcoa Bauxite joint venture in Guinea, Africa.

In 1998, he was appointed President of Alcoa Worldwide Chemicals' industrial chemicals department from 1998. He was responsible for Alcoa's worldwide chemicals business, comprising 13 plants across eight countries, with an annual revenue of approximately $700 million. Post Alcoa, Mr Bailey was chief executive officer of Sherwin Alumina, an alumina refinery based in Texas, USA. The Sherwin alumina plant was capable of producing 1.4 mtpa of smelter grade alumina and 300,000 tonnes of chemical grade or specialty alumina per year. The Sherwin alumina plant was eventually sold to China Minmetals (51%) and then the remaining 49% to Glencore in 2007.

Shane Volk
Company Secretary & Chief Financial Officer
BBus (Acc); GradDip (ACG); CSA

Mr Shane Volk has extensive accounting and corporate governance experience in Australian and international mining operations.

Mr Volk is a qualified Chartered Secretary and has a Bachelor of Business (Accounting) from the Royal Melbourne Institute of Technology. Mr Volk has previously worked in Papua New Guinea, Indonesia and Australia across a diverse range of mining-related capacities such as exploration, operations, business development and corporate governance. Mr Volk was previously chief financial officer and company secretary for African Iron Ltd, Emerson Resources Limited, and Kogi Iron Limited.

Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah

Non-Executive Director

Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah is the Executive Chairman of the Melewar Khyra Group of Companies (Melewar), a Malaysian base diversified financial and industrial services group. He is the major owner and shareholder of Melewar. Tunku Dato’ Ya’acob sits on the Boards of Khyra Legacy Berhad, Mycron Steel Berhad, MAA Group Berhad, Melewar Industrial Group Berhad, Ithmaar Bank B.S.C.( listed on Bahrain Stock Exchange) and several other private companies.

Tunku Dato’ Ya’acob graduated with a Bachelor of Science (Hons) Degree in Economics and Accounting from City University, London. An accountant by training, he is a Fellow of the Institute of Chartered Accountants in England & Wales and a member of the Malaysian Institute of Accountants. He started his career as an Auditor with Price Waterhouse, London from 1982 to 1985 and subsequently joined Price Waterhouse Kuala Lumpur from 1986 to 1987. He joined Malaysian Assurance Alliance Berhad in 1987 and retired as its Chief Executive Officer in 1999.

Uwe Ahrens
Alternate Director

Mr Uwe Ahrens is executive director of Melewar Industrial Group Berhad and managing director of Melewar Integrated Engineering Sdn Bhd. He also sits on the Board of several other private limited companies. Mr Ahrens holds Masters in both Mechanical Engineering and Business Administration from the Technical University Darmstadt, Germany. Upon graduation, Mr Ahrens joined the international engineering and industrial plant supplier, KOCH Transporttechnik GmbH in Germany, now belonging to FLSmidth Group, where he held a senior management position for 12 years, working mainly in Germany, USA and South Africa.

In 1997, he was based in Kuala Lumpur as General Manager of KOCH in South East Asia and became its Managing Director in 1999. He joined Melewar Group in 2002 and is also currently chief technical officer of the Melewar group of companies being responsible for engineering, upgrading, modification and extension of machinery and plant as well as the overall maintenance.

Last updated 14th July 2016.

Registered Office
Suite 8, 295 Rokeby Road
Subiaco Western Australia 6008

Contact Details
Telephone: +61 8 6168 1555
Facsimile: +61 8 6168 1551
Email: [email protected]

Australian Business Number
45 125 301 206

Share Registry
Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross Western Australia 6153
Telephone: +61 8 9315 2333
Facsimile: +61 8 9315 2233
Luke Atkins - Non-executive Chairman
Iggy Tan - Managing Director
Peter Bailey - Non-executive Director
Dan Tenardi - Non-executive Director
Tunku Dato' Ya'acob bin Tunku Tan Sri Abdullah - Non-executive Director
Uwe Ahrens - Alternate Director
Company Secretary/CFO

Shane Volk
Stock Exchange Listing
Australian Stock Exchange
Moore Stephens
Level 3, 12 St George’s Terrace
Perth Western Australia 6000

Steinepreis Paganin
The Reid Buildings
Level 4, 16 Milligan Street
Perth Western Australia 6000
Australian & New Zealand Group (ANZ)
7/77 St George’s Terrace
Perth Western Australia 6000

Last updated 14th July 2016.

Altech Chemicals Ltd Timeline

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