Altona Mining Ltd.

The Australian company Altona Mining Ltd. is located in Perth and sold successful their Outokumpu Copper-Gold-project in 2014 for over 118 Mio. $. Altona sits on healthy 42 Mio. AUD cash and has no dept. Furthermore owns Altona the large Cloncurry project at Mount Roseby in Queensland, Australia. The resource stands at fantastic 1.65 Mio. tons copper and over 400,000 ounces gold. Through further exploration in the satellite deposits around there should be nearly 1 Mio. tons copper plus gold in addition. The Definitive Fesibility Study from May 2012 shows, that the project is very profitable with a copper production of 40,000 tons and 17,000 ounces gold per annum. This yields in a annual NPV of 253 Mio. AUD with a total revenue of nearly 3 Bio. $ for the initial mine life. The AISC are at 1.96 USD/lbs copper. Copper Mountain will take over Altona via share swap at 0.17 AUD per Altona share. The company produces already copper in Canada and is very successful. They can then develop the Little Eva mine and bring it in production 2020.

Company Objectives

Rapid merger of Altona and Copper Mountain to a successful Copper producer with production coming from Canada and Australia. Bring Little Eva until 2020 in production.

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Data & Facts

ISIN:AU000000AOH9
WKN:A1C15Y
FRA:A2O
ASX:AOH
Outstanding shares: 537 Mio. Stück

Management

Head Office: Level 1, 2 Kings Park Road
  West Pert, WA 6005, Australien
   
Management: Dr. Alistair Cowden, Managing Director
  Kevin Maloney, Chairman
  Eric Hughes, CFO & Company Secretary
  Roland Bartsch MSc. BSc (Hons)General Manager, Exploration
  Paul Hallam BE (Hons) Mining, FAICD, FAUSIMM, Non-Executive Director
  Steve Scudamore FCA, MA (Oxon), FAICD, SF Fin, Non-Executive Director

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