Yes ...which is convincing proof that even though Altura has brought production costs down and is efficiently processing a very high quality product, it has the vision (and a clear pathway) towards doing things even better ie its goal, via a successful cap raising, is to invest in further improvements and towards expanding the resource .
The working capital funds will just drive the machine ....but that extra $4.6 million will hopefully identify new deposits and will definitely ‘fine tune the engine’ so that the machine is working even more efficiently .
As an aside, although relevant to the exploration side of things , I just found a story from almost three years back (November 28, 2016) where Altura paid $100 grand for five year exploration rights to Wodgina East.
Still two years left to run there.
Does anyone know if anything so far has ever been reported from that ?
Cheers
https://thewest.com.au/business/altura-to-mine-wodgina-east-ng-s-1635471
“Altura to mine Wodgina East
AAP Monday, 28 November 2016 1:21PM
Altura Mining has gained an exclusive right to explore for lithium for a five year period on the Kairos Minerals' Wodgina East tenements.
In return, Altura is to make an upfront cash payment of $100,000 to Kairos.
In addition, Altura may choose to acquire a 75% interest in the Wodgina East tenements by spending a total of $1.25 million over 5 years, or at any time in that 5 year period by paying $1.25 million less the cost of any exploration or mining expenditure undertaken by Altura on the tenements.
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