News and Announcements
Altech Chemicals Meckering Mining Lease Granted
- Published May 20, 2016 1:38PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
20th May 2016, ASX Announcement
Highlights:
- Meckering mining lease M70/1334 granted
- 250+ years kaolin feedstock for 4,000tpa Malaysian HPA plant
- $1.75 million cash injection for Altech
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to announce that its kaolin mining lease (ML) application M70/1334 at Meckering, Western Australia has been granted by the Department of Mines and Petroleum (DMP). The ML is estimated to contain ~11 million tonnes of kaolin mineral resources, representing over 250 years of feedstock supply of the Company’s proposed 4,000 tpa hugh purity alumina (HPA) plant at Johor, Malaysia.
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