ENPNewswire-July 25, 2019--Altura signs Terms Sheet with Zinciferous Limited
Release date- 24072019 - Altura Mining Limited (ASX: AJM) ('Altura' or the 'Company') is pleased to advise that it has signed a Cornerstone Investment Framework Agreement ('Terms Sheet') with Zinciferous Limited ('Zinciferous').
Zinciferous is an unlisted Australian public company which holds an option to acquire up to an 80% interest in the newly constructed Tianyuan Lithium Carbonate Plant together with certain spodumene concentrate supply and lithium chemical offtake rights.
As a result, we now know that the sulfur in nickel-copper deposits is of crustal origin, whereas the sulfur in zinciferous
shale deposits is oceanic (Sangster 1990).