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Altura Mining Ltd

Altura Mining continues to progress construction at lithium project

On track for first lithium concentrate sales in the June quarter of 2018.

The Altura Lithium Project
The company recently raised $26 million

Altura Mining Ltd (ASX:AJM) is on schedule at its flagship Altura Lithium Project in Western Australia’s Pilbara region, with 90% of plant and equipment now at site and ready for installation.

Critical shipments in recent weeks have seen the delivery of key long-lead items including the ball mill, apron feeder, dense media separation modules, thickeners, screens and conveyors.

All mining infrastructure works have been completed and commissioned, including the magazines and bulk explosive storage facility, the mobile equipment workshops and all haul roads.

The Run of Mine (ROM) pad and ROM wall are nearing completion and are expected to be ready by next month for ore to be stockpiled ahead of plant commissioning in 2018.

Altura’s Stage 1 construction is on schedule for first lithium concentrate sales in the June quarter of 2018.

READ NEXT: Altura Mining bags $26M for lithium project expansion studies in Pilgangoora

The company recently had a successful $26 million equity raising to fund the Stage 2 expansion study.

The Stage 2 expansion plan at Altura is aimed at increasing production to 450,000 tonnes per annum (tpa) of spodumene concentrate, from the start-up capacity of 220,000 tpa.

Altura’s share price increased 25% during the past one month, closing at $0.275 on Thursday.

Quick facts: Altura Mining Ltd

Price: $0.09

Market: ASX
Market Cap: $209.29 m
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