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 Chemicals Ltd

Altech Chemical Ltd ASX:ATCAltech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

    


Contact

Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: shane@altechchemicals.com



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