Altech Chemicals Ltd publishes March 2015 Quarterly Report

Altech Chemicals Ltd publishes March 2015 Quarterly Report on 30th May.

Highlights of the report:

Altech appoints BFS partners and key suppliers for HPA operation

• Seatram 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 optimization

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

Altech commences permitting process for 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

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