AJM
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Company News
Lithium 2.0: Australia’s ticket on the global energy transition express
Lithium 2.0 is one way of describing the revival underway at the small end of a sector which is helping Australia play a leading role in the global energy transition – a thematic every investor should be following, or risk being left behind. A year ago, lithium was more of a graveyard for investors rather […]
Altura Mining signs multi-year lithium offtake deal with Chinese major shareholder
Pilbara lithium player Altura Mining (ASX: AJM) has signed a five-year offtake agreement with a subsidiary of the company’s second largest shareholder, battery industry supplier Ningbo Shanshan, covering production from its Pilgangoora project. Shanshan owns 15.1% of Altura and is described as a global leader in the production and sales of anode and cathode material […]
Sayona Mining signs earn-in agreement with Altura to progress WA lithium portfolio
Emerging lithium developer Sayona Mining (ASX: SYA) has signed an earn‐in agreement with lithium producer Altura Mining (ASX: AJM) to help maximise the value of Sayona’s portfolio in Western Australia’s world‐class Pilgangoora lithium district. Under the terms of the agreement, Altura will spend $1.5 million on exploration across the project portfolio over three years to […]
Altura Mining directors throw cash behind company to fund lithium production ramp up
Emerging lithium miner Altura Mining (ASX: AJM) is topping up its cash reserves via a $28 million financing package to fund production ramp up at its flagship Altura lithium project in the Pilbara, with company directors throwing $15.46 million of their own cash towards the package. The finance package comprises a $23 million placement to […]
Altura Mining to boost Pilgangoora lithium shipments after processing woes ease
After experiencing difficulties achieving stable production throughput at its namesake lithium project in Western Australia, Altura Mining (ASX: AJM) will boost shipments in the wake of processing capability improvements. Providing shareholders with an update on the ramp-up phase, the company said the product quality of cargoes had improved underpinned by grades as high as 6.2% […]
Altura Mining ties up 100% of planned lithium production with latest offtake agreement
Altura Mining (ASX: AJM) has now secured offtake agreements for 100% of its planned lithium production from its namesake mine after inking a contract with Ganfeng Lithium’s subsidiary GFL International. Under the agreement, GFL International will purchase 70,000 tonnes per annum of 6% spodumene concentrate from Altura’s operation between 2019 and 2021. However, GFL will […]
Pilgangoora Minerals farms-in to Venus Metals’ lithium tenements near Pilbara Minerals’ project
Private entity-Pilgangoora Minerals Pty Ltd has executed an agreement to farm-in to Venus Metals Corporation’s (ASX: VMC) tenements near Pilbara Minerals’ (ASX: PLS) renowned lithium project in Western Australia. Under the agreement, Pilgangoora has paid $200,000 in cash to give it access to several of Venus’ tenements including the Pilgangoora East, Wodgina South and Poona […]
Altura Mining trucks first spodumene concentrate for export to China
Lithium producer Altura Mining (ASX: AJM) has begun trucking spodumene concentrate to Port Hedland from the Altura lithium mine in Western Australia’s Pilbara region, in readiness for first exports to China. Less than two weeks after production began at the Pilgangoora site, contractor Qube Logistics has hauled the maiden product to its purpose-built storage facility […]
Altura Mining produces first lithium concentrate from flagship project
Altura Mining (ASX: AJM) has produced the first batch of lithium concentrate from its flagship wholly-owned namesake lithium project in Western Australia. This milestone, which has officially transitioned the company from a developer to a miner, comes just 16 months after breaking ground at the Pilgangoora site in March 2017. Since crushing operations commenced in […]
Altura Mining closes in on sales agreements, first lithium shipment imminent
Lithium developer Altura Mining (ASX: AJM) is set to announce finalised sales deals “in coming weeks”, ahead of the first shipment of spodumene concentrates from its flagship Altura lithium project in Western Australia. The company today updated its shareholders on the commissioning progress of its wholly-owned project, located at Pilgangoora in the north of the […]