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Altona Energy Plc (ANR)

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Tuesday 27 February, 2018

Altona Energy Plc

Renewal of Exploration Licences

27 February 2018

Altona Energy Plc

(“Altona” or “the Company”)

Renewal of Exploration Licences

Altona (AIM: ANR), a coal exploration company focused on South Australia, is pleased to announce that its joint venture company, Arckaringa Coal Chemical Joint Venture Co Pty Ltd, has been granted the renewal of its three Exploration Licences for its tenements, Westfield (EL5676), Wintinna (EL5677) and Murloocoppie (EL5678).  The new licences expire on 6 June 2019. 

Altona has reduced the size of EL5677, removing an area that the Board considers to be least likely to contain economically extractable coal.

All Exploration Licenses issued by the South Australia government have a minimum expenditure target. The minimum expenditure targets are as follows:

EL5676                        AUD 960,000

EL5677                        AUD 880,000

EL5678                        AUD 400,000

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

-ends-

For further information, please visit www.altonaenergy.com or contact:

Altona Energy plc
Nicholas Lyth, Chief Executive Officer

+44 7769 906 686
Leander (Financial PR)
Christian Taylor- Wilkinson

+44 7795 168 157
Northland Capital Partners Ltd (Nomad and Broker)
Matthew Johnson / Gerry Beaney (Corporate Finance)
John Howes (Corporate Broking)

+44 20 3861 6625

About Altona Energy

Altona is listed on the London Stock Exchange’s AIM market.  Its principal focus is on the evaluation and development of the Company’s flagship Arckaringa Project to exploit the significant coal seams contained in three exploration licences in the northern portion of the Permian Arckaringa Basin in South Australia.


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