Altura Mining Limited – Announced First Lithium Concentrate Produced at Altura Lithium Mine


Altura Mining Limited’s (ASX: AJM) stock climbed up 1.5 per cent on July 25, 2018 as the company updated the market about the transition from a developer to miner after producing the first batch of lithium concentrate from its Altura Lithium Project. The Company-making milestone comes after 16 months because the first ground was broken at Pilgangoora site in mid of March 2017. As per the release, the Company has been further encouraged by on-site testing of the first production batch by laboratory operator Intertek. The results have shown a concentrate product grade exceeding the industry benchmark SC6 concentrate specifications and fit within the Company’s offtake agreements.

The management expects that the plant optimization will materialize as a production in the coming months. At full production capacity, the processing plant will produce 220,000 tpa of 6 per cent lithium concentrate that will feed into the electric vehicle and static storage lithium battery market. As of now, the company is eying the delivery of the first commercial shipment of SC6 spodumene concentrate and increase production at full capacity over the coming 6 months and then turn to the expansion of the project.

Altura Mining Limited traded at a market price of $0.335 with the market capitalization of circa $ 600.56 Mn (AEST: 03:30 P.M.)

[pluginops_form template_id=’23834′ ]


Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report