News and Announcements
Altech Finalises Kaolin Mining Rights Agreement with Dana
- Published November 02, 2015 5:12PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
30th October 2015, ASX Announcement
Highlights
- Altech grants Dana the exclusive right to mine up to 10Mt of kaolin for a $1m cash payment
- Dana may increase its kaolin mining right to 30Mt by paying an additional $2m
- Altech will also receive a 2% gross sales royalty on all bulk kaolin sales
- Currently kaolin resources at Meckering are estimated at 65Mt
- Altech’s HPA project requires only 4Mt of kaolin for a 100 year project life
Altech Chemicals Limited (Altech/ the Company) (ASX: ATC) advises that it has reached agreement with Dana Shipping and Trading S.A. (Dana) to grant Dana the exclusive right to mine up to 10Mt of kaolin from the Company’s Meckering kaolin deposit. The Meckering Deposit covers approximately 184km2 in area and contains indicated and inferred kaolin mineral resources estimated at 64Mt @ 83.4% brightness JORC (2004).
To read the full announcement, please click here.
Company Updates
BlackRock has named the next Economy. What this latest paper means for Private Market Investors.
BlackRock has put a name on something the smart money has been circling for two years. Its digital assets research team calls it the machine-native economy. The thesis fits in one line. AI is machine-native intelligence. Digital assets are machine-native money. Both are built on the same architecture, and they are converging into a single […]
Where’s the beef? Blackstone just answered the AI question.
In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation
For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]
Backed By Leading Investment Groups and Family Offices
