Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has completed a drilling program at its 100% owned Kerrigan kaolin project in Western Australia.

The Kerrigan project is located 20kms south of the central wheat belt town of Hyden, Western Australia and covers an area of approximately 230km2. The drilling program consisted of 27 air core holes for a total of 765 metres. All holes were drilled vertically with average hole depth of 28 metres; samples were collected at one-metre intervals.

Whilst Altech's flagship Meckering kaolin deposit will provide feedstock for its Johor HPA plant, Kerrigan hosts a high quality kaolin deposit. The completed drilling program is expected to enable the Company to update the Kerrigan mineral resource estimate and assist it in determining the next steps for the project.

The Kerrigan project was initially identified as containing high quality kaolin in 1992 by Graphite Holdings Pty Ltd which subsequently drilled the project area, as did CRA Exploration Pty Ltd (CRAE). At Kerrigan, kaolin forms part of an unusually thick and well-developed weathering profile and is found under overburden of laterite and mottled clays, with overburden thickness ranging from 1 to 12m. Since 1995 the only significant exploration conducted at Kerrigan was the bulk sample and evaluation of ~6 tonnes of kaolin (from two test pits) and the processing of samples from the pits. Also, in 2011 the Company announced an initial JORC inferred kaolin mineral resource of 85Mt at an ISO brightness of 85.1% for Kerrigan (refer ASX Announcement dated 24 August 2011 for complete details).

The current drill program is expected to enable the Company to update the 2011 resource estimate in accordance with JORC (2012).

To view tables and figures, please visit:
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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.

    

Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



Link: Altech Completes Drilling Campaign at Kerrigan Project


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