Altura Lithium Provides Project Construction Update

Altura Mining Limited (ASX Code: AJM) (“Altura” or “the Company”) is pleased to advise that construction of its flagship Altura Lithium Project is continuing on schedule with 90% of plant and equipment now at the mine site 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 projects have been completed and commissioned including the magazines and bulk explosive storage facility, the mobile equipment workshops and all haul roads.

Mining development work has progressed ahead of schedule with three separate stages of mining opened and producing ore. The 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. With the strong mining progress, some equipment has been diverted onto site access road construction.

For the processing plant, primary and secondary crusher steelwork is 50% complete and the erection of the secondary screening building has commenced, along with electrical work on the power station.

Altura Managing Director Mr James Brown said he was delighted with the progress being made on site.

“We have an exceptional team, being led by Chief Operating Officer Chris Evans, that are managing this construction progress very closely and diligently. We are seeing excellent progress with most development areas being on, or ahead, of schedule. With construction around 50% complete in duration, we remain confident of achieving our target of first concentrate sales in the June Quarter next year. The progress is especially pleasing for our shareholders following our very successful recent $26 million equity raising that will fund progress on our Stage 2 expansion study.”


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