Altech Chemicals Ltd (ASX:ATC) PFS Progress, Site for German R&D Activity Secured
PFS progress, site for German R&D activity securedPerth, May 5, 2021 AEST (ABN Newswire) - Altech Chemicals Limited ( FRA:A3Y) is pleased to provide an update on the progress of the pre-feasibility study (PFS) for construction of a battery materials high purity alumina coating plant in Saxony, Germany. The PFS is being carried out by Altech's 75% owned German subsidiary, Altech Industries Germany GmbH (AIG). PFS work is progressing rapidly and as planned. The following activities have now been completed: - A due diligence review of the existing environmental and site conditions at the proposed Schwarze Pumpe site by a local environmental consultant. The review confirmed the suitability of the site for plant development with no issues identified. The German consultant outlined the requirements for plant permitting, and the applicable environmental regulations which the plant will be designed to meet. All requirements are as expected and as such are not anticipated to present any difficulties to satisfy during plant design.