- CEO
- Geraint Harris
- Full Time Employees
- 6
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 9 Bowman Street South Perth WA Australia 6151
- IPO Date
- Dec 30, 2009
- Business
- Altamin Limited Altamin Limited (ASX:AZI) is an Australia-based mineral exploration and development company focused on base and critical metals projects in Italy. Incorporated in 1997 and headquartered in South Perth, the company identifies, acquires, and assesses mineral properties; explores for zinc, lead, cobalt, nickel, copper, manganese, lithium, graphite, silver, and boron; and advances brownfield mine development aligned with the EU Green Deal, Critical Raw Materials Act, and sustainable development goals. Its principal assets include the advanced Gorno Zinc Project in Lombardy, Northern Italy, which produces high-grade zinc-lead-silver concentrates; the Lazio Geothermal Lithium Project in Central Italy, targeting sulfate of potash (SOP) fertilizer, lithium, and boron from geothermal brines; the Punta Corna Cobalt Project in Piedmont, Northern Italy; the Corchia Copper-Cobalt Project spanning Liguria and Emilia Romagna; and the Villar Graphite Project in Piedmont.
Geographic operations center on Italy's Lombardy, Lazio, Piedmont, Liguria, and Emilia Romagna regions, serving European smelters, offtake customers, and critical raw materials markets for energy transition and circular economy initiatives; target customers encompass base metals processors, battery materials suppliers, and fertilizer producers.
In January 2025, Altamin completed the acquisition of Appian Italy B.V.'s 29.85% interest in Vedra Metals S.r.l. for nominal consideration following regulatory approvals, achieving 100% ownership of Vedra and the Gorno Project while terminating prior joint venture arrangements and facilitating potential sale processes or progression toward commercial production and final investment decision. The company launched a non-renounceable retail entitlement offer in September 2025 to raise up to A$6.46 million at A$0.025 per share for Lazio Project exploration, Gorno maintenance, and working capital, with extensions to October 2025 and institutional placements contributing to total capital efforts nearing A$8.4 million. Additional recent developments encompass a A$3.62 million (EUR 2.8 million) grant for the Lazio Project under the BRAIN initiative for geothermal brines critical raw materials innovation; appointment of Ramboll Group for Gorno environmental services; high-grade channel sampling results from Gorno such as 1.7m at 33.8% zinc, 6.0% lead, and 80g/t silver; ANSTO test work validating SOP recovery flowsheet; annual general meeting results and quarterly cash flow reports in November 2025; and full-year earnings release for June 30, 2025.