Altura Mining Ltd.: Presentation - Noosa Mining and Exploration Conference

Perth - Altura Mining Ltd. (ASX:AJM) Presentation - Noosa Mining and Exploration Conference

Feasibility Study (FS) completed

FS Key Outcomes - April 2016

- Mineral Resource estimate of 35.7mt @ 1.05% Li2O

- Ore Reserve estimate of 18.47mt @ 1.07% Li2O

- Positive results from recently completed detailed FS

- Annual ore feed of 1.4 mtpa

- Annual steady state lithium oxide production 215ktpa

- 15+ years LOM

- LOM strip ratio of 2.7:1

- LOM Net Revenue of A$1,562 million

- Capex A$129 million

- Payback period < 2 years

Next steps

- Deliver Definitive Feasibility Study (DFS) - August 2016

- Obtain grant of Mining Lease (ML) - July/August 2016

- Agree a binding offtake with OptimumNano and in the process secure offtake close to 100% of planned production

- Establish funding arrangements for the project

- Lodge Mining Proposal on grant of ML

- Commence onsite construction on approval of Mining Proposal, planned to occur by December 2016

- First production of spodumene in 3rd Quarter 2017

To view the presentation, please visit:
http://abnnewswire.net/lnk/Y0CU222O


About Altura Mining Ltd:

Altura Mining Ltd. (ASX:AJM) is building a leading position in the independent supply of lithium raw materials, with a world class lithium project at Pilgangoora ready to set the platform and be the first new hard rock lithium product supplier in 2017. The Altura team has a track record of delivering mining projects with Pilgangoora the most advanced stage, near term producing lithium project; solid offtake partners and a market providing substantial growth opportunities to ensure positive shareholder returns.



Contact:

James Brown Managing Director
Altura Mining Ltd.
T: +61-427-988-898
www.alturamining.com