Ann: World-Class Team to Support SYA North American Lithium Bid, page-50

ASX ANNOUNCEMENT | 17 October 2019

$21.5 MILLION NON-RENOUNCEABLE RIGHTS ISSUE

Altura Mining Limited (ASX:AJM) is undertaking a capital raising of approximately $21.5 million (beforecosts) to provide funding for:

• exploration on recently acquired, highly prospective tenements in the Pilbara;

• incremental capital works on the Altura lithium process plant at Pilgangoora, to increase lithiarecoveries, lift production and reduce unit operating costs; and

• working capital as the operation ramps up to full production of 220,000 wet metric tonnes ofspodumene concentrate.

Comments by Managing Director

Inaddition, the Company recently announced an agreement with Sayona Mining to earn a 51% interest overits 1,806 km2 tenement package near Altura’s Pilgangoora operations, and this capital raising will providethe funding to explore that highly prospective territory,” he said.