Altech Chemicals Managing Director AGM Presentation
Perth, Nov 11, 2016 AEST (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) is pleased to provide the company's latest Managing Director AGM Presentation.
Our Vision
To be a world leading producer of high purity alumina (HPA)
Altech's HPA Process
- Use a standard HClleach process
- Developed in 1980's by alumina industry
- Couldn't compete with Bayer SGA costs
- But great at producing HPA (no sodium ions)
- However little demand of HPA in 1980s
- Demand of HPA is here today
Development Program To Date
- Started work in early 2011
- Many studies and testwork programs
- No issues about producing 99.99% HPA
- Supporting lab pilot plant test work
- Off the shelf plant and equipment
- Bankable Feasibility Study completed
Mitsubishi signs full off take
- Off take sales with Mitsubishi
- First ten years of HPA operations
- Secures sales for 100% of 4,000tpa HPA production
- Exclusive global distributor
- Experienced with HPA
- Strategic priority - Lithium batteries
Project Update
Meckering Development
- Mining lease granted
- Option to purchase from landowner
- Grade control drilling completed
- Mineral resource of 12 Mt established
- > 250 years mine life
- Maiden ore reserve of 1.2 Mt
- 30 year mine plan completed
- Mining proposal about to be submitted
- EPC contractor awarded
- Mining contractor awarded
- Mining contract being drafted
- Shipping & transport contractor awarded
Johor Development
- Site secured with deposit
- Opened Malaysian subsidiary office
- Awarded transport & shipping contractor
- WKL appointed to commence permitting
- Site soil drilling & survey completed
- Utilities application commenced
- Supply contracts underway
- Final site layout completed
Detailed Design M+W Group
- Detailed design in full force
- About 50 engineers in Germany and Singapore
- Major equipment packages out for final pricing
- Kilns and HCL - preliminary eng
- Major pipe routing completed
- 3D model of plant finished
- Site layout completed
- Architecture design completed
HPA Market Update
- HPA used in lithium battery separators
- Fire retardant separators - Samsung
- Strong growth in large format batteries
- Altech targeting 50% sales in Japan
- Japan price of 4N HPA -US$30,000/t
- ATC BFS long term price used -US$23,000/t
- NPV would be US$ 597 million, IRR 47%
- Prefer to use conservative price
Timeframe to market
- Debt funding term sheet Q1 2017
- Project equity Q2 2017
- Site works commencing Q2 2017
- 18 months construction
- First product due early 2019
To view the presentation, please visit:
http://abnnewswire.net/lnk/V3RR4J2I
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
| ||
|