Altech Chemicals Ltd (ASX:ATC) Quarterly Activities Report

Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities Report.

Global equity market headwinds

- Enquiries received re: deterioration of ATC share price

- Adversely impacted by a recent general sell-down on global equity markets

- Particularly small-cap battery materials related companies

- Declines averaging 50% of battery materials sample group

- No change to project, HPA market, or debt funding strategy

- Management continue to make solid progress with project development

Equity work stream progress

- Based on the debt-equity ratio target, further equity will be required

- Several funds, private equity and industrial groups have commenced due diligence

- Potential joint venture, partial project sell down

- Equity investment at listed level

HPA plant Development Order approved and site establishment commenced

- Development Order for Malaysian HPA plant approved

- Site establishment and mobilisation has commenced in Johor

- Stage 1 construction works to follow site establishment

HPA plant site layout and building design finalised

- HPA plant site layout and buildings design finalised

- Incorporates results from geotechnical ground survey

- Construction development order application approved

Execution of Johor and Meckering EPC contracts

- EPC contracts for the Johor HPA plant and Meckering container loading facility both formally executed

- No change to the US$ 280 million fixed price for the Johor HPA plant

- No change to the US$ 2.5 million fixed price for the Meckering container loading facility

Schedule of patent applications to protect Altech's HPA process

- Total of seven (7) Patent Applications lodged for Altech HPA Process

- Five (5) Patent Applications lodged in Australia

- Two (2) Patent Applications lodged in Malaysia

- One (1) Innovation Patent granted in Australia - currently in examination

Annual General Meeting

- AGM held on 13 November 2018

- Sufficient funds to progress Stage 1 construction activities

- All resolutions put to the meeting were passed.

Green credentials of Altech's kaolin to HPA process confirmed

- Study conducted on energy savings and greenhouse gas reduction from Altech's HPA process

- 46% reduction of greenhouse gases per tonne of HPA

- 41% reduction in energy consumption per tonne of HPA

- Reduction of 77 Mt of CO pa from transition to LED lighting

- HPA supports the lithium-ion battery and renewable energy sectors

To view the full report, please visit:
http://abnnewswire.net/lnk/1D5NSAJS


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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