Altech Meeting a Sapphire Future - Company Presentation
Perth, Oct 18, 2016 AEST (ABN Newswire) - Altech Chemicals Ltd (
ASX:ATC) is pleased to provide the Company's latest Presentation titled, "Meeting a Sapphire Future".
Project Update
- HPA bank due diligence nearing completion
- No fatal flaws identified
- Positive pre-assessment German inter-ministerial committee
- Detailed design progressing as planned
- Permitting for Malaysian HPA plant commenced
- Mining proposal at Meckering
Altech Chemicals
- Raise $10m in oversubscribed placement
- Market cap up 470% in last 12 months
- Shareholders up 600 > 1,500
- Liquidity daily trade up $3k > $200k /day
Timeframe to market
- Debt funding term sheet agreed Q1 2017
- Capital cost estimate avail half way through detailed design phase
- 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/78LT9491
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.
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