Quarterly Activities Report
Quarterly Activities Report
Perth, May 1, 2018 AEST (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities Report.

HIGHLIGHTS

Commitment and final terms executed for US$190m debt facility

- Loan terms documentation executed with KfW IPEXBank

- Total debt package US$190 million

- US$170m at long tenure and attractive terms (German government export credit cover)

- US$20m at commercial terms (5-year repayment)

Final stage of project financing advanced

- US$190 million senior debt package formalised with KfW IPEX-Bank

- Final Investment Decision Study (FIDS) due diligence data room established

- Mezzanine debt work stream commenced

- Joint venture option advanced

- Project equity work stream to target quality equity partners

Purchase of freehold land over Meckering mining lease completed

- Purchase of freehold land covering mining lease M70/1334

- Ownership secures mining access

- Meckering kaolin mine fully permitted

Malaysian manufacturing licence approved

- Manufacturing licence approved for Altech's Johorbased 4,500tpa high purity alumina (HPA) plant

- Target "Pioneer Status" investment incentive (5-year company income tax exemption)

- Altech's HPA project represents RM1.2 billion investment for Malaysia

Altech lodges new patent application

- New provisional patent application lodged with the Australian Patent Office

- Incorporates finished product technology

- Global Intellectual Property search completed

- Altech's kaolin-to-HPA HCl-based processing technology is novel

- There is no risk of patent infringement

- Altech's patent application affords international protection for its HPA production method

To view the full report, please visit:
http://abnnewswire.net/lnk/104UV5OR


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

Altech Chemicals Ltd
Iggy Tan, Managing Director
T: +61-8-6168-1555
E: info@altechchemicals.com
WWW: www.altechchemicals.com



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