Charging forward with Lithium – Altura Mining are living up to their slogan

altura mining lithium wa

Perth based Altura Mining are living up to their slogan, “Charging forward with Lithium” by successfully achieving their first batch of lithium concentrate on July 25 2018. Despite suffering a major weather event last month, the Australian miner pushed through to deliver production only 16 months after initial work began at the Pilgangoora site.

 

Lithium concentrate is sourced from hard rock deposits and can be processed to become lithium carbonate or lithium hydroxide. The Pilgangoora site is a world class hard-rock open pit mine in the Pilbara, with production being shipped from Port Hedland to China for further processing into a wide range of lithium chemicals, including lithium carbonate, lithium hydroxide, lithium metal and lithium chloride. Altura plan to produce approximately 230 000 tonnes of lithium spodumene concentrate each year and have already approved an initial Stage 2 expansion to increase production to 450 000 tonnes per annum.

 

Last month, senior management met with their Chinese clients to finalize product pricing, cargo sizes and delivery schedules and are ready to capitalize on the lithium shortage. The team on site are now focusing on delivery of the first commercial shipment of SC6 spodumene concentrate for offtake partner Lionergy.

 

Altura’s Managing Director James Brown thanked his team for a job well done.

“We have always worked to a stringent and aggressive timetable with this project. As with any development, there are obstacles which occur, however the entire team has worked tirelessly to be in the position we are in today, where we are in sight of delivering our first shipment of concentrate.

“Our focus now is to ramp-up production to full capacity over coming 6 months and then we can turn our attention to the expansion project. This is a very exciting time to be an Altura shareholder.”

At the time of writing, Altura Mining Limited (ASX:AJM) is currently trading at 29.7 cents.

By Melissa Ainsworth

Reference: ASX ANNOUNCEMENT | 25 July 2018 FIRST LITHIUM CONCENTRATE PRODUCED AT THE ALTURA LITHIUM MINE

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