News and Announcements
Altech Chemicals (ASX:ATC) – March 2015 Quarterly Report
- Published April 30, 2015 2:58PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Altech appoints BFS partners and key suppliers for HPA operation
- Seamtram appointed as Altech’s transport and logistics services provider
- M + W Group appointed as the EPCM partner to facilitate transition from BFS to construction
- Tialoc Group (formerly Atea) appointed as composites supplier for Altech’s Malaysian HPA plant
- Castle Group as mining and processing partner for Altech’s Meckering aluminous clay operation
Malaysian subsidiary incorporated for HPA project
- Incorporation of wholly-owned Malaysian subsidiary ‘Altech Chemicals Sdn Bhd’ on January 6, 2015 to support Altech’s Malaysian-based activities
Altech produces competitive HPA results
- Analysis of Altech’s HPA samples confirmed lower levels of impurities compared to other HPA competitors
- Results of test work incorporated into process design for further optimisation
Change of registered address
- New registered office address: Suite 8, 295 Rokeby Rd, Subiaco, WA 6008
Altech secures partner to fund bulk kaolin study
- Altech signed MOU with Dana Shipping to fund ~$100,000 bulk kaolin scoping study
- MOU provides a First Option over 10Mt of kaolin for a $1m share placement and 2% gross sales royalty
- Second Option for a further 10Mt of kaolin, for an additional $1m share placement and 2% gross sales royalty
$815,000 received from R&D advance loan facility
- Advance of $815k provides immediate funds equivalent to forecast R&D tax rebate for 2014/2015 year
- Funds will allow Altech to accelerate its BFS and ongoing R&D activities
Shareholder update
- Shareholders were invited to attend an Altech presentation my managing director Mr Iggy Tan on Wednesday 1 April, 2015
- Iggy Tan discussed how the Company could benefit from new electronic products incorporating artificial sapphire such as the Apple Watch
Altech commences permitting process HPA plant in Malaysia
- First stage of process involves the Preliminary Site Assessment (PAT)
- Altech’s HPA plant is designed to meet both international and Malaysian standards
To read the full document, please click on the link below.
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