Altech Batteries Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report March 2016
Quarterly Activities Report March 2016

Perth, May 2, 2016 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) are pleased to provide the Company's Quarterly Activities and Cashflow Report for March 2016.

HIGHLIGHTS

Altech improves financials of HPA project with BFS update

-- NPV9 US$358m (previously US$326m)

-- Payback 3.7 years (was 3.8 years)

-- IRR 33% (previously 30%)

-- Capex US$78.7m (was US$76.9m)

-- EBITDA US$55.7m p.a (was US$59.4m)

Debt funding update HPA project

-- HPA project will support ~$US60m of debt funding

-- German government-owned KfW IPEX-Bank GmbH mandated

-- Application for ~US$40m of German government export credit agency (ECA) cover

HPA demand growth tied to lithium-ion batteries

-- Fast-emerging use of HPA in lithium-ion batteries for electric vehicles (EVs)

-- Altech forecasts HPA demand for lithium-ion battery separators at ~3,936tpa by 2020 (China only)

-- Separator producers in China expressed interest in Altech HPA

Altech finalises agreement for HPA plant site - Johor, Malaysia

-- HPA plant site secured at the Tanjung Langsat Industrial Complex, Johor

-- 30 year lease, with option to extend for +30 years

-- Johor offers significant opex advantages

Altech signs off-take sales agreement with Mitsubishi for all HPA production

-- Off-take arrangement for first 10 years of HPA operations

-- Secures sales for 100% of Altech's proposed 4,000tpa production

M+W Group appointed as EPC contractor

-- Leading engineering and construction group

-- Established Singapore and Malaysian offices, with extensive Malaysian experience

Grade-control drilling at Meckering

-- Aircore drill program at the Meckering kaolin deposit to assist planning of future mining operation

DJ Carmichael 'initial coverage' report

-- Speculative Buy recommendation and a risked valuation of $0.41 a share in initial coverage report

$2 million capital raising update

-- $1.2m @ 8.6c/share via private share placement

-- $0.744m via share purchase plan (SPP)

-- Funds used to finalise detailed design, debt funding and working capital

To view the complete report, please visit:
http://abnnewswire.net/lnk/DGPUZRE9


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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