The Company’s Gorno project, in the Lombardy region of northern Italy, is at an advanced stage, and presents the opportunity to

deliver high-grade, clean zinc and lead concentrates to smelters and offtake customers in Europe. The Gorno Project has been

transferred to Vedra Metals Srl (Vedra), a special purpose joint-venture company owned by Altamin via its wholly owned subsidiary,

Energia Minerals (Italia) Srl, and Appian Italy B.V under a subscription and joint venture agreement.

 

Altamin has secured two exploration licenses for lithium in geothermal brines in the Lazio region, 30km NW of Rome. Four additional licenses are under application over the adjacent prospective geothermal fields comprising the Lazio Geothermal Lithium project. Geothermal Energy is well understood and commercialised in Italy as an accepted renewable energy source and developing
scarce local sources of lithium is a fundamental objective of the EU Critical Raw Materials Act.

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The Punta Corna Cobalt project in Piedmont, Italy, historically mined for cobalt, nickel, copper and silver, is an active exploration

project with outcropping mineralisation, a historical bulk sample grading 0.6-0.7% Co, plus Ni, Cu, Ag (refer to ASX release 28

October 2020) and a drilling program permitted. Altamin’s recent sampling has returned high-grade assays over >2km strike length

from multiple sub-parallel veins, with good potential for further mineralised vein discovery and significant depth extension.

Altamin has lodged applications over Corchia and Monte Bianco, the two most significant copper, cobalt and manganese-rich

VMS (volcanogenic massive sulphide) historical mining districts in Italy and the Villar graphite district which was mined until the
early 1980’s. 

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