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Altech Chemicals (ASX: ATC) completes drilling program at Kerrigan

Materials
ASX:ATC      MCAP $101.6M
15 January 2020 14:45 (AEST)

Altech Chemicals (ATC) has completed its drilling program at its Kerrigan Kaolin project in Western Australia.

The Kerrigan project is located 20 kilometres south of the central wheat belt town of Hyden and covers an area of approximately 230 kilometres squared.

The drilling program included 27 air core holes for a total of 765 metres. All of the holes were drilled vertically with an average hole depth of 28 metres, samples will be collected at one- metre intervals.

Whilst Altech’s flagship Meckering Kaolin deposit will provide feedstock for its Johor high purity alumina (HPA) plant, the project hosts high-quality kaolin deposit.

The drilling program will allow Altech to update the Kerrigan mineral resource estimate and assist it in determining the next steps for the project.

In 1992, Kerrigan was identified as containing high-quality kaolin by Graphite Holdings, who drilled in the area.

“At Kerrigan, kaolin forms part of an unusually thick and well-developed weathering profile and is found under overburden of laterite and mottled clays, with overburden thickness ranging from 1 to 12 metres,” the company said.

Altech is aiming to become one of the worlds leading suppliers of HPA, through the construction and operation of a processing plant at Johor, Malaysia.,

Altech remains steady on the Australian Securities Exchange and is trading at 9.2¢ apiece at 12:32 pm AEDT.

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