29 September 2016 ASX: AOH, FSE: A2O
2016 ANNUAL REPORT AND APPENDIX 4G
Altona Mining Limited is pleased to release the following documents:
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2016 Annual Report, and
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Appendix 4G disclosure.
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Please direct enquiries to:
Alistair Cowden
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David Tasker
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Jochen Staiger
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Managing Director
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Professional Public Relations
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Swiss Resource Capital AG
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Altona Mining Limited
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Perth
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Tel: +41 71 354 8501
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Tel: +61 8 9485 2929
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Tel: +61 8 9388 0944
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[email protected]
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[email protected]
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[email protected]
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About Altona
Altona Mining Limited is an ASX listed company focussed on the Cloncurry Project in Queensland, Australia. The Project has Mineral Resources containing some 1.65 million tonnes of copper and 0.41 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator. Altona has completed a Framework Agreement with
Sichuan Railway Investment Group to fully fund and develop Little Eva. Little Eva is permitted with proposed annual production(1) of 38,800 tonnes of copper and 17,200 ounces of gold for a minimum of 11 years. A Definitive Feasibility Study was published in March 2014.
1Refer to the ASX release 'Cost Review Delivers Major Upgrade to Little Eva' dated 13 March 2014 which outlines information in relation to this production target and forecast financial information derived from this production target. The release is available to be viewed at www.altonamining.com or www.asx.com.au. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target referred to in the above-mentioned release continue to apply and have not materially changed.
AOH0801
Altona Mining Limited | Ground Floor, 1 Altona Street, West Perth WA 6005 | ABN 35 090 468 018
ANNUAL REPORT 2016
Corporate Directory
Directors:
Mr Kevin Maloney Chairman
Dr Alistair Cowden Managing Director
Mr Paul Hallam
Non-Executive Director
Mr Steve Scudamore Non-Executive Director
Company Secretary:
Mr Eric Hughes
Principal and Registered Office:
Level 1
2 Kings Park Road
West Perth 6005 Western Australia Telephone: +61 8 9485 2929
Email: [email protected]
Share Registry:
Computershare Registry Services Pty Ltd Level 2, Reserve Bank Building
45 St Georges Terrace
Perth 6000 Western Australia Telephone: +61 8 9323 2000
Auditor:
Deloitte Touche Tohmatsu 123 St Georges Terrace
Perth 6000 Western Australia Telephone: +61 8 9365 7000
Stock Exchanges:
Australian Securities Exchange Limited (ASX) Frankfurt Stock Exchange
Company Codes:
ASX: AOH
FSE: A20
Issued Capital:
536,975,592 Fully paid ordinary shares 8,419,200 Employee share rights (Valid 11 August 2016)
Annual Report of Directors to Shareholders and
Financial Statements
Contents Page
DIRECTORS' REPORT
Message from the Chairman 2
Highlights 3
Company Overview and Strategy 4
Cloncurry Copper Project 6
Finnish Projects and Environment 12
Commentary on Financial Results 13
Governance 16
Audit and Risk Management 29
Remuneration Report 31
Statutory Representations 42
ANNUAL FINANCIAL REPORT
Financial Statements 44
Notes to the Financial Statements 48
Directors' Declaration 86
AUDITOR'S REPORTS
Auditor's Independence Declaration 87
Independent Audit Report 88
OTHER
Additional Information Required by the ASX 90
This document comprises the reports required to be provided to shareholders in accordance with Section 317 of the Corporations Act 2001. The reports refer to the "Group" which consists of Altona Mining Limited ("Altona" or "the Company") and its subsidiaries.
www.altonamining.com
Altona Mining Limited ACN 090 468 018 | Page 1
