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

Official ground breaking ceremony held at Johor HPA site

- Ground breaking ceremony at Malaysian HPA plant site

- Australian High Commissioner and German Ambassador to Malaysia unveil official opening plaque

- Ceremony attended by partners from Malaysia, Germany, Japan and Australia

- Initial Stage 1 construction works commencing

Patent granted for Kaolin to HPA production process

- Patent granted to Altech for its kaolin to HPA production process

- Affords protection to Altech and its unique 8 step production method

- Altech in a strong position to defend its intellectual property rights

Bullish outlook for HPA demand in the lithium-ion battery sector

- New emerging opportunity for HPA demand in the lithium-ion battery sector

- HPA coating directly onto lithium-ion battery anodes and cathodes

- Quality and consistency key for lithium-ion battery manufacturers

- HPA pricing at ~US$40,000/tonne in Korea and Japan

- Altech's new proposed supply welcomed by South Korean market

- Altech's proposed HPA product quality and capacity well received

Geotechnical survey at Johor site completed

- Geotechnical ground survey program completed

- Site topography, soil stability and soil analysis completed

- Part of Stage 1 construction works

Mezzanine debt due-diligence

- Due diligence process commenced end July 2018

- Advisian appointed as independent technical consultant

- Due diligence is well advanced and on track

Project funding status

- US$190 million senior debt package completed

- Mezzanine debt of US$90 million in due-diligence

- Target 65-70% debt-equity ratio

- Equity via a partial project sell down and/or share placement

- Construction is running concurrent to finance close

To view the full report, please visit:
http://abnnewswire.net/lnk/1WA0276W


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

Corporate
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: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com



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