Altura was ready to load a third shipment at the end of March,...

Altura was ready to load a third shipment at the end of March, however the vessel loading was delayed due to Severe Tropical Cyclone Veronica.

Altura shipped two (2) cargoes totalling 14,770 dmt to Chinese based converters with a third cargo of approximately 8,000 dmt loaded in the first week of April (following delays at the port due to Severe Tropical Cyclone Veronica)

-3rd cargo of 8000 dmt not counted this quarter. Had TC not visited, AJM would have had 3 shipments to report this quarter.

Further with the recent improvements in production volumes, Altura plans to dispatch a minimum of two (2) shipments of 8,000 dmt per month for the remainder of the 2019 calendar year.

-So the delayed shipment really belonged to this quarter. Next quarter, expect 6 shipments PLUS the delayed March shipment to be reported in the next Quarterly...
Expect to see 56000 tonnes shipped in the next Quarterly....