Published On: August 3rd, 2022
Altech Chemicals Ltd (ASX: ATC) (Altech or “Company”) recently published its June 2022 Quarterly Report. The June 2022 quarter has been a busy period for Altech and the Company has reported rapid advancements in its Silumina Anodes™ project. Here are the highlights of the quarterly report:
Silumina Anodes™ Updates
Silumina Anodes™, Altech’s patented silicon graphite composite product, has demonstrated higher energy capacity than market-available graphite anodes. The Silumina Anodes™ product has also shown longer cycle ability and battery life/stability.
Preliminary Feasibility Study
Altech announced the results of its Preliminary Feasibility Study in April 2022 for a plant to produce 10,000tpa of alumina-coated silicon/graphite battery material (Silumina AnodesTM).
Altech had previously filed a patent for the Silumina AnodesTM battery materials technology in Australia in May 2022. During this quarter, the protection of this patent was broadened. Furthermore, Altech has also filed an international patent that covers 156 countries. In the same period, Altech also filed national patents in the United States, Europe, Japan, Korea, and China.
Altech also announced that the Silumina Anodes™ pilot plant construction contract was executed with Kuttner GmbH and Co. The final plant design and cost estimation are complete. Item and equipment procurement for the plant has already commenced. The project site of 155,987m² area is within Schwarze Pumpe Industrial Park (ISP), 120 km from Berlin and only 78 km from Dresden. The proposed design includes one main production building and three ancillary buildings.
The study showed that the project had an internal rate of return of 40% with a payback of capital of approximately 3.1 years. The project requires a modest capital investment of USD95M and net present value of USD$507.
Managing Director Iggy Tan signing contract with Kuttner’s Managing Partner
Strategic Partnership with Fraunhofer IKTS
Managing Director Iggy Tan with Uwe Ahrens from Altech and Prof. Alexander Michaelis (IKTS)
Altech announced that the Company would be partnering with Fraunhofer IKTS to fast-track Silumina Anodes™ qualification. Fraunhofer IKTS is an internationally-recognized battery material and performance testing research center in Germany.
Johor HPA Project Updates
Altech continues to work with Bedford Row Capital Plc and Bluemount Capital Pty Ltd to finalise the green bond offering. Altech aims to raise USD144M from the bond issue, of this USD 100M will be used for the construction of the Johor HPA Plant and the remaining USD 44M will be used as service bond interest during the plant’s construction.
Planned Johor Plant and Altech office in Malaysia
Kaolin Resource Updates
Kaolin deposits in Kerrigan, Western Australia
Altech has announced a significant increase in its Kaolin resource located at Kerrigan, Western Australia. The deposit is within the exploration license E70/4718-I, which is 100% owned by Altech. During the quarter, Altech reported that the Kerrigan deposit had an inferred resource of 125M tonnes at 85.1% ISO brightness kaolin.
In addition to these project updates, at the end of this quarter, Altech had a market capitalization of $66M and $10.9M in cash. This quarter’s activities go a long way to show the rapid advancement Altech is making in their Silumina Anodes™ product. If the Silumina Anodes™ product interests you, visit the Altech Chemicals Ltd website to learn more.
The Content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content), is a service of COLITCO LLP and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is not a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Colitco LLP is neither licensed nor qualified to provide investment advice through this platform. Users should make their inquiries about any investments, and Colitco LLP strongly suggests the users seek advice from a financial adviser, stockbroker, or other professional (including taxation and legal advice), as necessary. Colitco, at this moment, disclaims any liabilities to any user for any direct, indirect, implied, punitive, special, incidental, or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Colitco LLP. Some images/music used on this website is copyrighted to their respective owner(s). Colitco LLP does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions, or are believed to be in the public domain. We have used reasonable efforts to accredit the head wherever it was indicated as or found to be necessary.