Altech – Great Progress At German Silumina Anodes Pilot Plant

Altech Batteries Limited (ASX: ATC, FRA: A3Y) provides an update on its cutting-edge Silumina Anodes^TM pilot plant project in Saxony, Germany, as well as the Definitive Feasibility Study for the planned Silumina Anodes^TM 10,000tpa plant.

Highlights

• Significant progress and according to plan
• Front end wet circuit complete
• Commissioning underway of wet circuit
• On site laboratory completed and being commissioned
• Long lead calciner still outstanding from South Africa
• Expect to commission calcining end of Q3

The Company has made significant progress in incorporating high-capacity high-purity alumina-coated silicon and graphite in lithium-ion batteries, and recently concluded a Preliminary Feasibility Study for the construction of a 10,000tpa Silumina Anodes^TM plant in Saxony, Germany, that boasts an impressive NPV of US$507M. As Altech races to bring its patented technology to market, it has commenced construction of a pilot plant adjacent to the proposed project site to facilitate the qualification process for its Silumina Anodes^TM product. A YouTube video update of the pilot plant can be viewed at https://youtu.be/lRWCDLx6UTI

The construction of the Silumina Anodes^TM pilot plant is progressing well and according to plan. The front end of the pilot plant, also known as the wet circuit, is making excellent progress, with power supply, laboratory, building modifications, and front-end wet circuit infrastructure completed. The pilot plant is located in an existing building in Dock3 at Schwarze Pumpe, Germany, and the necessary building modifications and electrical panel infrastructure construction were completed in the previous quarter.

The on-site laboratory has been established and is currently going through commissioning. This development is a significant step towards enabling Altech to conduct necessary testing and analyses of the Silumina Anodes^TM product. Additionally, the Company has established an on-site glove box, which will facilitate the production of lithium-ion battery coin half cells. These half cells will be used to test the performance of the Silumina Anodes^TM produced from the pilot plant. This is a crucial component of the product qualification process and will provide important data on the product's performance characteristics.

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