Altech Batteries Ltd Stock Market Press Releases and Company Profile
Altech Chemicals Managing Director AGM Presentation
Altech Chemicals Managing Director AGM Presentation

Perth, Nov 11, 2016 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) is pleased to provide the company's latest Managing Director AGM Presentation.

Our Vision

To be a world leading producer of high purity alumina (HPA)

Altech's HPA Process

- Use a standard HClleach process

- Developed in 1980's by alumina industry

- Couldn't compete with Bayer SGA costs

- But great at producing HPA (no sodium ions)

- However little demand of HPA in 1980s

- Demand of HPA is here today

Development Program To Date

- Started work in early 2011

- Many studies and testwork programs

- No issues about producing 99.99% HPA

- Supporting lab pilot plant test work

- Off the shelf plant and equipment

- Bankable Feasibility Study completed

Mitsubishi signs full off take

- Off take sales with Mitsubishi

- First ten years of HPA operations

- Secures sales for 100% of 4,000tpa HPA production

- Exclusive global distributor

- Experienced with HPA

- Strategic priority - Lithium batteries

Project Update

Meckering Development

- Mining lease granted

- Option to purchase from landowner

- Grade control drilling completed

- Mineral resource of 12 Mt established

- > 250 years mine life

- Maiden ore reserve of 1.2 Mt

- 30 year mine plan completed

- Mining proposal about to be submitted

- EPC contractor awarded

- Mining contractor awarded

- Mining contract being drafted

- Shipping & transport contractor awarded

Johor Development

- Site secured with deposit

- Opened Malaysian subsidiary office

- Awarded transport & shipping contractor

- WKL appointed to commence permitting

- Site soil drilling & survey completed

- Utilities application commenced

- Supply contracts underway

- Final site layout completed

Detailed Design M+W Group

- Detailed design in full force

- About 50 engineers in Germany and Singapore

- Major equipment packages out for final pricing

- Kilns and HCL - preliminary eng

- Major pipe routing completed

- 3D model of plant finished

- Site layout completed

- Architecture design completed

HPA Market Update

- HPA used in lithium battery separators

- Fire retardant separators - Samsung

- Strong growth in large format batteries

- Altech targeting 50% sales in Japan

- Japan price of 4N HPA -US$30,000/t

- ATC BFS long term price used -US$23,000/t

- NPV would be US$ 597 million, IRR 47%

- Prefer to use conservative price

Timeframe to market

- Debt funding term sheet Q1 2017

- Project equity Q2 2017

- Site works commencing Q2 2017

- 18 months construction

- First product due early 2019

To view the presentation, please visit:
http://abnnewswire.net/lnk/V3RR4J2I


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.

https://twitter.com/altechbatteries https://www.facebook.com/AltechChemicals/ https://au.linkedin.com/company/altechbatteries abnnewswire.com 


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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