:: First Concentrate Production at the Outokumpu Project

Altona Mining today advised that the first copper concentrate has been produced at the Outokumpu Project in Finland.

Concentrate grades have quickly ramped up to the design grade of 24% copper. This is positive given the low grade feed that is being used for commissioning of the Luikonlahti processing plant. As expected the concentrate is clean with no penalty elements. Commissioning is continuing using higher grade feed (1.0 - 1.5% copper).

Managing Director, Dr Alistair Cowden said “We are now a producer! I am very proud of the team in Finland. To reach first production seven months after starting plant refurbishment is a great achievement. This is a significant milestone for the project following closely after achieving first production from the Kylylahti Mine”.

The Company expects to commence deliveries to New Boliden’s Harjavalta smelter in south-western Finland this month which will result in first revenues being received in March. Concentrates will be trucked some 400km to Harjavalta.

Plant commissioning will continue with completion of engineering and process commissioning expected this quarter.

Contact:
Alistair Cowden
Managing Director
Altona Mining Limited
Tel: +61 8 9485 2929
altona@altonamining.com

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