Altura Mining Announces Stage 2 DFS at Pilgangoora Delivers Outstanding Results

Altura Mining Limited announced the results of the Stage 2 Definitive Feasibility Study (DFS) completed on its 100% owned Pilgangoora Lithium Project in Western Australia’s Pilbara region.

The DFS demonstrates that expanding output would be an extremely robust opportunity that would add significant project value over a short period of time. The potential expansion of the project comes as the global lithium market continues to remain strong.

The Stage 2 DFS has included the substantial growth in the Mineral Resource and Ore Reserve estimate inventory that Altura has realised over the past eighteen months since the Stage 1 study completion. The Stage 2 DFS was able to incorporate lessons learnt from the nearly completed Stage 1 project to position Altura in effectively meeting the growing global demand for lithium.

Altura has significantly de-risked the execution of the Stage 2 project by already having all major statutory approvals in place, having all product for the first three years already accounted for through existing offtake agreements and having the personnel and contractors already in place to commence construction.

Managing Director of Altura, Mr James Brown said that the recently completed DFS was an excellent result for both the Company and shareholders.


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