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Altura Mining signs off-take deal for namesake lithium mine with Chinese firm

Altura Mining Ltd. signed a binding five-year off-take agreement with Guangdong Weihua Corp. covering 50,000 tonnes per year of lithium concentrate from its namesake Altura lithium mine in Western Australia.

The first shipment of about 10,000 dry tonnes is scheduled to load in August, with further deliveries of the remaining 40,000 tonnes allocated for 2019 to occur until February 2020.

The company noted in its Aug. 1 release that the agreement will expire Dec. 31, 2024.

Additionally, Lionergy Ltd. agreed to reduce its existing Altura off-take to 65,000 t/y from 100,000 t/y.

Altura has commitments in place covering 220,000 tonnes after recently agreeing to supply 35,000 t/y of concentrate to Shandong Ruifu Lithium Industry Co. Ltd. until June 2024.