With a capital investment of
Managing Director, Mr
OUTSTANDING PRELIMINARY FEASIBILITY STUDY FOR SILUMINA ANODES BATTERY MATERIALS PROJECT
- Highly positive preliminary feasibility study for 10,000tpa Silumina Anodes project.
- Low capital cost (
- Pre-tax Net Present Value (NPV8) of
- Attractive Internal Rate of Return (IRR) of 40%.
- Site in
- Green accredited project using renewable energy.
- European high quality graphite and silicon supply.
- Pilot plant engineering for product qualification underway.
- NDA executed with two German automakers and one European battery maker.
MAJOR SHAREHOLDERS CONVERT LISTED OPTIONS
- The Company's largest shareholder,
- Another significant shareholder,
- Altech has received total funds of
REMAINING LISTED OPTIONS EXPIRE
- All unexercised options with an expiry date of
- Altech does not have any other options on issue.
PATENT PROTECTION FOR SILUMINA ANODES BATTERY MATERIALS TECHNOLOGY
- Patent protection for Silumina Anodes battery materials technology in place.
- Australian provisional patent application originally filed on
- Broaden filings to extend reach and protection
- National Patent filings in
- International Patent filing covering up to 156 countries.
NEW WEBSITE
- Shareholders and interested parties can access the web site on www.altechchemicals.com.
SILUMINA ANODES PILOT PLANT CONSTRUCTION CONTRACT EXECUTED
- Silumina Anodes pilot plant construction contract executed with
- Final plant engineering design and cost estimation completed.
- Strong experience in delivering metallurgical plant projects.
- Long lead items procurement has already commenced.
STRATEGIC PARTNERSHIP WITH FRAUNHOFER IKTS FOR SILUMINA ANODES QUALIFICATION
- Fast track Silumina Anodes product qualification with Fraunhofer IKTS.
- Fraunhofer IKTS is a world renowned battery materials and battery performance research centre in
- Independent performance testing and qualification of Silumina Anodes product will assist early market entry.
- IKTS has expressed potential for Silumina Anodes battery material.
- Altech continues discussions with various interested parties in relation to the Green Bond offering as well as the project equity finance.
- Project equity finance process running in parallel with Green Bond offer.
- Due diligence process with interested parties ongoing.
SIGNIFICANT INCREASE IN KAOLIN RESOURCE AT KERRIGAN
- Recent drilling program yields fresh kaolin resource data at Kerrigan tenement.
- Inferred Resource of 125 million tonnes of kaolin reported
- 47% increase in the kaolin tonnage compared to previous estimates.
*To view the full Quarterly Report summarized above, please visit:
https://abnnewswire.net/lnk/QNR1C327
About
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.
Contact:
Corporate
Managing Director
Tel: +61-8-6168-1555
Email: info@altechchemicals.com
Company Secretary
Tel: +61-8-6168-1555
Email: info@altechchemicals.com
Investor Relations (
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
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