Hard rock lithium developer

We've covered Altura a number of times over the years which really illustrates how this company can continually rise from the ashes because it has a diverse resource base in the Pilbara region of Western Australia. In its latest iteration the company is working to develop its Pilgangoora hard rock lithium-tantalum project, located 120km south of Port Hedland. Its Pilgangoora mineral deposits adjoin those of Pilbara Minerals but their ownership is separate. However, the two parties have a mutual access agreement and a Memorandum of Understanding.

Initial scheduled production of 220,000 tonnes a year at 6% lithium oxide spodumene concentrate is planned to commence from the first quarter of 2018, with shipping targeted before 30 June of that year. A feasibility study is underway to consider options for an expansion to 450,000 tonnes a year and is expected to be delivered early 1018.

**FY19 Forecast ***Post Capital Raising