5 th Lithium Supply and Markets Conference 31 January 2013 Las Vegas, Nevada Las Vegas, Nevada James Brown Managing Director www.alturamining.com ASX: AJM 1
Disclaimer This presentation has been prepared by Altura Mining Limited (“Altura” or the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation is provided on the basis that none of Altura nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains forward looking information and prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access re subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure- related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' Statements. All persons should consider seeking appropriate professional advice in reviewing the presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the presentation nor any information contained in the presentation or subsequently communicated to any person in connection with the presentation is, or should be taken as, constituting the giving of investment advice to any person. 2
Presentation Summary � Altura Mining – Overview � Discovery � Deposit strengths � Resources � Resources � Scoping Study � LTUM Alliance � Goals for 2013 3
Altura Mining – Overview Capital Structure (31 December 2012) ASX Listed Code AJM Shares on Issue Shares on Issue 454,272,181 454,272,181 Cash A$18 million Debt Zero Market Capital A$82 million 4
Altura Mining – Overview Multi Faceted Exploration and Mining Services Company � COAL Emerging south-east Asian coal producer commencing with Tabalong in South Kalimantan, Indonesia � LITHIUM Significant new discovery – Pilgangoora in the Pilbara region of Western Significant new discovery – Pilgangoora in the Pilbara region of Western Australia � IRON ORE Joint venture with Atlas Iron in the Mt Webber DSO project in the Pilbara region of Western Australia � MINING AND EXPLORATION SERVICES US$10 million in revenue in the 2011/12 year 5
Altura Lithium - Discovery � Pilgangoora deposit � Located in Pilbara region of Western Australia � Adjacent Global Advanced Metals - Wodgina tantalum operations � Area renowned for iron ore � Area renowned for iron ore production (BHP, Rio Tinto, Fortescue etc.) � Rapid progression from discovery - rock chip sampling in Q4 2009 - drilling commenced in Q3 2010 - Maiden resource in Q3 2011 - Scoping Study completed Q4 2012 6
Altura Lithium – Deposit strengths � Shallow (outcropping) dykes � Thick intercepts – up to 70 m � Consistent mineralisation � Located 90 km from major � Located 90 km from major regional centre – Port Hedland – highway access � Capacity at the port of Dampier � Significant iron ore and metals operations nearby 7
Altura Lithium - Resources � JORC Mineral Resource estimate of 25.2 million tonnes @ 1.23% Li 2 O* (October 2012) � 70% Indicated category, 30% Inferred � 159 drill holes for 14,429 metres of � 159 drill holes for 14,429 metres of drilling � Drill spacing 40m X 40m (Indicated) � 12 spodumene-rich pegmatite dykes Altura Drilling at Pilgangoora � Exploration completed by Altura in- house drilling team – offers greater control and flexibility � Discovery cost of $0.17 per tonne • Refer to Appendix for Resource Table and Competent Persons Statement 8
Altura Lithium - Resources Mineral Resource Estimate distribution C1, E1 and N1 Area - 15.0 Mt Indicated - 15.0 Mt Indicated - 7.2 Mt Inferred S1 Area - 2.3 Mt Indicated - 0.6 Mt Inferred 9
Altura Lithium - Resources 10
Altura Lithium – Scoping Study � Conducted by Mineral Engineering Technical Services Pty Ltd (METS) in Perth, Western Australia � METS considered the project positive for a number of reasons � Majority of the spodumene is present in the coarse (+0.5 mm) fraction fraction � Metallurgical test work results produced a coarse spodumene concentrate with a grade of +6.0% Li 2 O � Potential to produce a fines product by flotation � Process selected is a simple flowsheet which is well proven for hard rock lithium deposits � NPV favourable in current market 11
Altura Lithium – Scoping Study Scoping Study (SS) parameters and outcomes � Open pit mine and on site processing � 830,000 tonnes per annum (tpa) of ore mined and fed to plant � 830,000 tonnes per annum (tpa) of ore mined and fed to plant � Up to 150,000 tpa of spodumene concentrate at +6.0% Li 2 O � Capital cost estimate of A$96.3 million (at a SS level of accuracy ±35%) � Net Present Value (NPV) of A$93.2 million (12% discount rate) 12
Altura Lithium – LTUM Alliance Strategic Alliance – Lithium Corporation (OTCBB: LTUM) � US Based lithium, potash and boron explorer � Targeting salt playa brine deposits Targeting salt playa brine deposits � 2 main projects in Nevada – Fish Lake Valley and San Emidio � Recently completed drilling indicates anomalous levels of lithium and potash � Synergy and complimentary skill sets with an Drilling at Fish Lake Valley agreed focus on exploration and development of properties � Altura holds 15% stake and director position with LTUM 13
Goals for 2013 – Altura Lithium � Complete diamond core drilling for extended process testing – more flotation work � Progress mining approvals with Western Australian Department of Mining and Petroleum � Stakeholder agreements (land and traditional owner) � Stakeholder agreements (land and traditional owner) � Definition of Ore Reserves � Feasibility Study phase � Refine process and logistics � Raise profile of Altura Lithium with a view to forming a strategic alliance with an end user 14
Thank you Questions? James Brown Managing Director 15
Appendices 16
Pilgangoora Mineral Resource Estimates Pilgangoora Li 2 O Resource – October 2012 Resource Tonnes Li 2 O % Li 2 O tonnes Zone Indicated 1.27 14,992,600 190,783 C1, E1, N1 Inferred 1.22 7,239,155 88,173 Indicated 1.11 2,295,335 25,374 S1 Inferred Inferred 0.95 0.95 630,175 630,175 6,012 6,012 Indicated 1.25 17,287,935 216,157 Subtotal Inferred 1.20 7,869,330 94,185 Total All Resources 25,157,265 1.23 310,342 # based on 0.7% Li 2 O cut-off grade 17
Competent Persons Statements Pilgangoora – Western Australia The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled by Bryan Bourke, who is a member of the Australian Institute of Geoscientists and a full-time employee of Altura Mining Limited. Bryan Bourke has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person in terms of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code 2004 Edition). Bryan Bourke consents to the inclusion of such information in this Report in the form and context in which it appears. Mr Damian Connelly, Fellow AusIMM, Chartered Professional (MET), Fellow Engineers Australia, MMICA, MSME was responsible for the preparation of the metallurgical test work results reported herein. Mr Connelly has sufficient experience to the activity for the preparation of the metallurgical test work results reported herein. Mr Connelly has sufficient experience to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of the Exploration Results, Mineral Resources and Ore Reserves. Mr Connelly consents to the inclusion in the report of the matters based on his information in the form and context in which is appears. 18
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