Altech Batteries Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Perth, July 29, 2022 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to announce the outstanding results from a Preliminary Feasibility Study (PFS) for the development of a 10,000tpa silicon/graphite alumina coating plant, in Saxony, Germany. The plant would be constructed by Altech Industries Germany GmbH (AIG), (ownership: 75% Altech, 25% Frankfurt stock exchange listed Altech Advanced Materials AG (AAM)), and would produce high capacity silicon/graphite battery anode materials "Silumina Anodes" under exclusive license from Altech. "Silumina Anodes " products are targeted to supply the burgeoning European electric vehicle market.

With a capital investment of US$95 million, the Company estimates a project net present value of US$507 million (NPV8), with net cash of US$63 million per annum generated from operations. The internal rate of return is estimated at 40%, with investment capital paid back in approximately 3.1 years. Total annual revenue at the 10,000tpa full rate of production is estimated US$185 million per annum.

Managing Director, Mr Iggy Tan, stated "Whilst Altech's top priority continues to be financing its Johor HPA project, the Silumina Anodes project represents an exciting downstream opportunity to utilise its HPA coating technology in silicon/graphite battery materials. We are pleased and excited about the results of the 10,000tpa Silumina Anodes PFS. Due to the attractive economics of the study, a decision has been made by the AIG board to immediately progress to a definitive feasibility study (DFS) for the project. AIG has already purchased land in Germany suitable for the project, and the plan is for the AIG team in Saxony to immediately commence DFS work. We believe that the production of Silumina Anodes materials could be a game changing technology for the lithium ion battery industry".

OUTSTANDING PRELIMINARY FEASIBILITY STUDY FOR SILUMINA ANODES BATTERY MATERIALS PROJECT

- Highly positive preliminary feasibility study for 10,000tpa Silumina Anodes project.

- Low capital cost (US$95 million) with outstanding economics.

- Pre-tax Net Present Value (NPV8) of US$507 million.

- Attractive Internal Rate of Return (IRR) of 40%.

- Site in Saxony, Germany already purchased.

- Green accredited project using renewable energy.

- European high quality graphite and silicon supply.

- Pilot plant engineering for product qualification underway.

- NDA executed with two German automakers and one European battery maker.

MAJOR SHAREHOLDERS CONVERT LISTED OPTIONS

- The Company's largest shareholder, Deutsche Balaton Aktiengesellschaft has converted 15,000,000 listed options with an expiry date of 31 May 2022 and conversion price of $0.08 each, for total proceeds of $1,200,000.

- Another significant shareholder, Delphi Unternehmensberatung Aktiengesellschaft has converted 11,519,296 listed options for total proceeds of $921,543.

- Altech has received total funds of $2,121,543 from both the Deutsche Balaton and Delphi conversions.

REMAINING LISTED OPTIONS EXPIRE

- All unexercised options with an expiry date of 31 May 2022 and exercise price of $0.08, have now expired.

- Altech does not have any other options on issue.

PATENT PROTECTION FOR SILUMINA ANODES BATTERY MATERIALS TECHNOLOGY

- Patent protection for Silumina Anodes battery materials technology in place.

- Australian provisional patent application originally filed on 13 May 2021.

- Broaden filings to extend reach and protection

- National Patent filings in the United States, Europe, China, Japan and Korea.

- International Patent filing covering up to 156 countries.

NEW WEBSITE

- Shareholders and interested parties can access the web site on www.altechchemicals.com.

SILUMINA ANODES PILOT PLANT CONSTRUCTION CONTRACT EXECUTED

- Silumina Anodes pilot plant construction contract executed with Kuttner GmbH & Co.

- Final plant engineering design and cost estimation completed.

- Strong experience in delivering metallurgical plant projects.

- Long lead items procurement has already commenced.

STRATEGIC PARTNERSHIP WITH FRAUNHOFER IKTS FOR SILUMINA ANODES QUALIFICATION

- Fast track Silumina Anodes product qualification with Fraunhofer IKTS.

- Fraunhofer IKTS is a world renowned battery materials and battery performance research centre in Germany.

- Independent performance testing and qualification of Silumina Anodes product will assist early market entry.

- IKTS has expressed potential for Silumina Anodes battery material.

JOHOR HPA PROJECT FINANCE UPDATE

- Altech continues discussions with various interested parties in relation to the Green Bond offering as well as the project equity finance.

- Project equity finance process running in parallel with Green Bond offer.

- Due diligence process with interested parties ongoing.

SIGNIFICANT INCREASE IN KAOLIN RESOURCE AT KERRIGAN

- Recent drilling program yields fresh kaolin resource data at Kerrigan tenement.

- Inferred Resource of 125 million tonnes of kaolin reported

- 47% increase in the kaolin tonnage compared to previous estimates.

*To view the full Quarterly Report summarized above, please visit:
https://abnnewswire.net/lnk/QNR1C327


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech 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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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



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