This drilling program identified and developed a number of production bore locations on the Mining Leases and quantified, through drill data and deterministic modelling analysis, the estimated dewatering requirements from the open pit during production. This demonstrated that there is adequate water on the Altura Mining and surrounding Exploration tenements to support the Pilgangoora mining and processing operations.
A 5C water extraction licence was submitted to the Department of Water in August 2016 with an expected approval date in November 2016. Altura have also reached an agreement with the Pastoral Lease holders to access two water bores located approximately 15km from the mine. These are viewed as a contingency water source during the mine operations.
Not only do we have enough water to support mining we have contingency water arrangements in place.
AJM Price at posting:
14.8¢ Sentiment: Buy Disclosure: Held
