Altona Mining : Cloncurry Copper Project Update

20 September 2017 ASX: AOH, FSE: A2O

CLONCURY COPPER PROJECT UPDATE

Shareholders in Altona Mining Limited (ASX: AOH) are advised that the company's Managing Director, Alistair Cowden, has recently taken part in a video interview which provides an update on the Company's Cloncurry Copper Project in north-west Queensland.

In the interview, Dr Cowden provides information and commentary around:

• The next steps for Altona, following the termination of the proposed transaction with Sichuan Rail and Infrastructure Group

• Plans to unlock value for shareholders

• The recently-released update to the Definitive Feasibility Study for the project

  Please direct enquiries to: Alistair Cowden	David Ikin	Jochen Staiger
  Managing Director	Professional Public Relations	Swiss Resource Capital AG
  Altona Mining Limited	Perth	Tel: [phone]
  Tel: [phone]	Tel: [phone]	[e-mail]
  [e-mail]	[e-mail]

• Outlook for the copper market and demand for the project's output The video is available at www.altonamining.com - Altona TV

About Altona and the Cloncurry Copper Project

Altona Mining Limited ("Altona") is an ASX listed company focussed on the Cloncurry Copper Project ("Project") in Queensland, Australia. The Project has Mineral Resources containing some 1.67 million tonnes of copper and 0.43 million ounces of gold. It is envisaged that a 7 million tonnes per annum

open pit copper-gold mine and concentrator will be developed at the Project. The development is permitted with proposed annual production(1) of 39,000 tonnes of copper and 17,200 ounces of gold for a minimum of 14 years. The Definitive Feasibility Study was refreshed in July 2017.

1Refer to the information attached to this ASX release 'Updated DFS Delivers Bigger and Better Cloncurry Copper Gold Project' dated 2 August 2017 which outlines information in relation to this production target and forecast financial information derived from this production target. The release is available to be viewed at www.altonamining.com or www.asx.com.au. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target referred to in the above-mentioned release continue to apply and have not materially changed.

AOH0865

Altona Mining Limited | Level 1, 2 Kings Park, West Perth WA 6005 | ABN 35 090 468 018