Altura Mining Ltd.

AJM mobilising to site

On-site construction to start mid-March

AJM on-track for first for product early in 2018 � Prices still high

AJM has cash and revenue, but debt still to be finalised

Beer & Co affirms Strong BUY, High Risk recommendation

Mots clés associés : Cash | Report |

Problem viewing email? Click here to view it online.

On 27 February, AJM announced that it had received the final approval from DMP to commence operations on site.

AJM announced that it is mobilising to site and that earthworks will begin in mid-March, after

Mobilisation of site offices; Installation of bore infrastructure; and
Site survey and set out.

Click here to access report

From mid-March to mid-April, on site earthworks will include :

Clearing and stockpiling top-soil
Start bulk earthworks, pre-strip for mining and establishing tailings dams
Complete base pad for process plant.

Click here for previous AJM research report :

AJM has ordered long lead time items and will be able to install them on site from late May, to ensure first product in early 2018.

While Beer & Co expects prices for spodumene concentrate to fall over time, we expect AJM, as the next Australian producer, to receive strong cashflows early in the project life.

Click here for all Beer & Co research :

AJM has over $40m in cash due to its equity placement to off-take partner, J&R Shaanxi.

AJM is receiving revenue from AGO due to the high iron price; AJM receives 1% of revenue above $A 95/t from the 30% interest it previously held.

Beer & Co is confident will have the required debt in place before the plant is to be shipped to site, when the major payments are to be made.

Click here for previous AJM research report :

AJM affirms Beer & Co.�s confidence in progress to first product.

Beer & Co affirms our 31c valuation and Strong BUY recommendation.

Click here to access report :

If you wish to receive Beer&Co. research, please register at: Access to Research

Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au

Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au

Copyright 2015 beerandco.com.au, All rights reserved.
You are receiving this email because you have subscribed to our newsletter list. If you do not wish to receive our newsletter emails in the future, please here.
DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313).

	EXPLORATEUR
	CODE : AJM.AX
	ISIN : AU000000HDN5

Suivi et investissement

Ajouter une alerte	Ajouter aux Watchlists	Ajouter au portefeuille	Ajouter une note

Profil Indicateurs
de Marché VALEUR :
Projets & res.Communiqués
de Presse Rapport
annuel RISQUE :
Profile actifs Contactez la cie

Altura est une société développant des projet miniers d'or et de fer basée en Australie.

Altura est productrice d'or, de fer, de tantalum en Australie, en développement de projets de lithium en Australie, et détient divers projets d'exploration au Canada, en Australie et en Indonesie.

Son principal projet en production est BALD HILL en Australie, son principal projet en développement est PILGANGOORA en Australie et ses principaux projets en exploration sont SHOOBRIDGE, BALLINE et YALLABURRA en Australie et TABALONG COAL PROJECT en Indonesie.

Altura est cotée en Australie. Sa capitalisation boursière aujourd'hui est 33,9 millions AU$ (24,5 millions US$, 21,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 01 mai 2015 à 0,01 AU$, et son plus haut niveau récent le 05 janvier 2018 à 0,51 AU$.

Altura possède 1 541 280 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.