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ATC - Altech Batteries

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Joe Blow

Joe Blow

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AMMG was incorporated on 8th May 2007 for the purpose of securing tenements over land that had been subject to historical exploration and where significant geological data was available and / or the land was considered sufficiently prospective due to proximity to existing resources and infrastructure.

The Company has identified five separate project areas, located in Western Australia and Queensland, which the Directors believe may have the potential for the realisation of economic resources of these commodities - iron ore, gypsum, mineral sands and gold.

The Company has one granted tenement and 18 applications for tenements covering in excess of 4,000 square kilometres over the five project areas.

Sector: Materials
Shares on Issue: 44,090,000
Current Market Capitalisation: $9,699,800
Website: http://www.ammg.com.au
 
Re: AKA - Australia Minerals and Mining Group

MC - $9m
SP - 9c
Shares - 101m
Options - 42m
Cash - $5.1m

Top 20 - 52%

AMMG SECURES THE GREEN RANGE COAL PROJECT, GREAT SOUTHERN, WESTERN AUSTRALIA
● AMMG has acquired 1 granted and 2 new tenement applications to secure the Green Range Coal Project.
● Strategically located 40 – 70km from the town and port of Albany.
● One granted EL and two ELA’s covering ~1,123 square kilometres.
● Substantial historical exploration reported by BHP and CRA (Rio Tinto) in the 1980’s and Phanerozoic Energy in the 2000’s.
● CRA estimated an exploration target* of 500Mt of lignite.
● AMMG is now estimating an exploration target* of 400-500 million tonnes of thermal coal grade.
● Historical diamond drill core analysis confirms sub-bituminous or thermal coal grade (up to 24Mj/kg or 5732 kcal/kg).
● Port of Albany currently proposing to upgrade its capacity to handle ‘cape-sized’ vessels.
● Freehold land, Native Title extinguished – lower environmental concerns expected.

Constance Range Iron Ore Project, QLD
 AMMG conducted a site reconnaissance to prepare for the upcoming drill program scheduled to commence in August.
 The drill program aims to establish a JORC statement for iron ore resources at BHP’s historical deposits ‘P’, ‘C’ and ‘D’.
 Delegates for the Anhui Bureau of Coal and Geology visited the Constance Range to inspect the project.
 AMMG acquired an additional three tenements, bringing the total project area to approximately 815km ²

Southdown Extension Iron Ore Project, WA
 100% owned by the Company; AMMG acquired the remaining 20% interest in tenement E70/2650 on similar pro-rata terms to the purchase with Minemakers.
 Davis Tube Recovery (DTR) results indicated an average iron concentrate of 68% and an average mass recovery of 35%; grind size was -75 microns (coarser than all other reported iron ore projects WA).
 Subsequent to quarter end, AMMG’s stage 1 diamond drilling program commenced.

Bencubbin Iron Ore Project, WA
 DTR results from stage 1 drilling program indicated an excellent average iron concentrate of above 70% with average mass recovery 42.8%; grind size was -75 microns.
 The WA state government’s Exploration Incentive Scheme (EIS) co-funded drilling program refunded 50% of the drilling costs.

Yilgarn Iron Ore Projects, WA
 A further two applications were successful in the WA state government’s EIS co-funded drilling program.
 

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Re: AKA - Australia Minerals and Mining Group

On November 12th, 2014, Australia Minerals and Mining Group Limited (AKA) changed its name and ASX code to Altech Chemicals Ltd (ATC).
 
Not a holder but I thought it a niche market and an interesting story ... production cost per kg lowest in the business, recent capital raised at 15c, project finance/build via Germany being finalised, 250 years of JORC resource, still 3 years from production so a bit of a wait, low MC. Demand for product I am unsure of but I noted they have a use for it in Lithium batteries. The Altech industrial sapphire from kaolin minerals video ....

 
ATC appear to be going though an orphan period whilst site clearance gets started. They have popped off a low of 0.12 with someone realising the market doesn't need to dictate to fundamentally good stories. One to watch for an appreciation of progress as they move to development.
 
Malaysia's approval of their development order perked up the price of ATC. However ATC will require more capital to fund the build as it proceeds. Not sure what is going to drive investor demand on this one. The chart look promising with a base pattern.

The chart below is part of a research project and should not be considered a recommendation to buy this stock. If you want to read more about the project log in to read the P2 Weekly Portfolio thread.

Setup: Solid chart basing pattern.
Grade B due to my concerns about investor demand and the need to raise more capital during the build.
Buy limit: 0.10, iSL 0.085, initial target 0.15

atc280119.PNG
 
Turns around on volume each announcement and on a good uptrend now.
Finance completed and construction underway, will be interesting to see if there is an orphan period.
 

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doogie_goes_off said:
Turns around on volume each announcement and on a good uptrend now.
Finance completed and construction underway, will be interesting to see if there is an orphan period.
Click to expand...
wash, rinse, repeat

Quarterly out
Project financial work continued
Potential strategic investors introduced
Listed “green bond" initiative commenced
upload_2020-7-31_20-28-38.png
 
Dona Ferentes said:
25% lift today. close at high. No news. the L word?
Click to expand...
and again, another 25% to be above 7.5c .....

No real news since the ASX Query of 18 Jan
1. No
2. Not applicable
3. No
4. In compliance
Click to expand...
On Monday ATC stated it has commenced battery performance testing of graphite particles that have been coated with high purity alumina (HPA), using Altech’s coating technology.

And I guess inclusion of all three: Li-ion battery, graphite and HPA is enough to get the punters excited
 
Dona Ferentes said:
and again, another 25% to be above 7.5c ..... No real news since the ASX Query of 18 Jan

On Monday ATC stated it has commenced battery performance testing of graphite particles that have been coated with high purity alumina (HPA), using Altech’s coating technology. And I guess inclusion of all three: Li-ion battery, graphite and HPA is enough to get the punters excited
Click to expand...
strange company

when last visited, there was a 'need for cash'. Project had greenfield risks limited
• Environmental approvals completed
• All permitting approvals completed
• Operating licence granted
• Construction commenced
• Ground conditions known
• Contractors known
• Stage 1 and 2 completed
• Running start when project finance done

but that was talking about Meckering kaolin tenement and plant, and Johor HPA processing. Now there is a Saxony (up against the Czech border) element introduced, with a study looking at pre-feasibility for a battery materials coatings plant, for 10,000 tpa of graphite coating:
• Collaboration agreement with SGL Carbon
• Alumina coating of anode grade graphite
• Europe leading synthetic graphite producer

And financing , after 18 months of due diligence
• Senior debt funding ... KfW IPEX-Bank
• German state owned bank
• Total debt of US$ 190 million
• US$ 170 million export credit finance
• 50% of plant ... German suppliers (for Johor?)
• Low interest, long tenure

plus Secondary Funding .... Listed green bond
• Target raising of US$144 million
• US$100 million as project debt
• Balance as prepaid coupon interest
• Bonds to be listed in Frankfurt
• Five year term
 
ATC is nudging 10c this morning. They have released a new video, "Lithium-Ion Battery Update" that can be viewed below.

 
Altech Chemicals cracks the silicon barrier in lithium-ion battery technology

 
This has been smashed the past few months and weeks, like everyone else. Not much has changed in regard to their technology and future potential sales from what I can see. Has enough cash to keep moving to production by the sounds of it.



Screen Shot 2022-06-20 at 12.09.07 pm.png
 
It's certainly been hammered recently. I'm glad I didn't take a position last year. Support looks good at 5c, if it holds.

I haven't been following this in 2022, but I'm curious about why the share price has fallen so far.
 
greggles said:
It's certainly been hammered recently. I'm glad I didn't take a position last year. Support looks good at 5c, if it holds.

I haven't been following this in 2022, but I'm curious about why the share price has fallen so far.
Click to expand...

I don't think there's any change to the battery requirements / make up of the EU car makers is there? And, most of them are going full EV around 2030 ish.
 
Sean K said:
I don't think there's any change to the battery requirements / make up of the EU car makers is there? And, most of them are going full EV around 2030 ish.
Click to expand...

Thanks. Will do a bit more research when time permits as I'm looking for EOFY oversold stocks with significant upside potential, and ATC looks like it might fit the bill as long as there aren't any negatives that I'm not aware of.
 
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