Kerrigan Exploration Licence granted
Perth, Dec 8, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) advises that exploration licence E70/4718 (Kerrigan project) has been granted. The licence covers an area of approximately 480km2, is on freehold agricultural land and contains Inferred Kaolin Mineral Resources of 85 million tonnes at 85.1% brightness (JORC 2004)(refer ASX Announcement by the Company dated 24 August 2011 for details).
The Kerrigan project is located approximately 20km south of the Western Australian wheat belt town of Hyden and 335km south east of Perth (refer Figure 1 below). The project is proximal to the Hyden to Lake Grace railway line (15km to the east), which connects to the port city of Albany, Western Australia; there are also established sealed roads from Hyden to Perth and the ports of Albany, Bunbury, Esperance and Fremantle.
As announced by the Company on 24 August 2011, CRA Exploration conducted various mineral and chemical analysis on kaolin samples from various outcrops, diamond drill core and air core within the Kerrigan project.
Based on this analysis, which returned results showing the samples had low levels of impurities (such as iron and sodium) and were high in alumina, the Company is considering undertaking it own sampling and analysis campaign for the project. The project may present an opportunity to provide kaolin as complementary high grade feedstock for the Company's proposed Malaysian HPA project.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATC-745713.pdf
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.
| ||
|
