Altamin (ASX: AZI) advances critical-metal projects in Italy, led by the large-scale Lazio geothermal brine SOP–lithium–boron project. Supported by Victor Smorgon Group, it progresses technical studies, permitting and grant-funded work, while evaluating strategic options for its Gorno zinc-lead-silver redevelopment.
Altamin Limited (ASX:AZI)
AZI
Lead Manager
Contact - Kirwan
0448 237 054
kirwan@liquidity.com.au
Offer Price
A$0.0250
per share
Offer Size
A$2,075,361
Offer Details
Issue Price (Per Share)
A$0.0250
Offer Size
A$2,075,361
Shares Available
83,014,440
Single-Tranche Private Placement Offer utilising the company’s existing capacity to place the shortfall following the Top-Up Facility in relation to a recently completed Retail Entitlements Offer (17 October 2025), to raise up to $2,075,361 at $0.025 per share.
Company Overview
Altamin Limited is a developer of critical and base metal projects in Italy, aligned with the EU’s energy-transition priorities. Its flagship Lazio Project is a large-scale geothermal brine resource containing SOP, lithium and boron, supported by extensive historical drilling and now accelerated through non-dilutive grant funding for pilot processing, technical studies and permitting. The project is designed for minimal surface impact, leveraging geothermal heat and reinjection of depleted brines.
The Company also owns the Gorno Zinc-Lead-Silver Project in northern Italy, a high-grade brownfield redevelopment supported by robust JORC resources and advanced engineering work. Altamin is currently assessing strategic pathways for Gorno, including sale, joint venture or investment, while continuing development optionality. Backed by the Victor Smorgon Group, Altamin benefits from long-term capital support as it advances its development pipeline.
Lazio Geothermal Brine Project
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A major sulphate of potash (SOP) project located in rural Lazio, about 30 km north of Rome, contains large, independently verified resources of potassium, lithium and boron. The area was extensively drilled in the 1970s and 1980s, with 16 deep wells and production testing, giving the project a strong technical foundation and additional exploration upside.
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The brine is naturally high in potassium, allowing SOP to be produced using straightforward, commercially available processing equipment. Lithium and boron can also be extracted using well-established methods. The operation is designed to have a very small surface footprint, using heat from the geothermal brine for processing and reinjecting the used brine back underground to minimise waste and environmental impact.
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The project aligns with Italy’s and the EU’s goals to secure reliable supplies of critical raw materials needed for the energy transition.
Gorno Project: Overview
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A high-grade zinc, lead and silver deposit with a long track record of producing clean concentrate. The project is located on a brownfield site with existing underground tunnels and infrastructure, providing a lower-risk, faster path to restarting operations.
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Recent high-grade sampling outside the current resource suggests strong potential for near-term resource growth. The first phase of the Definitive Feasibility Study is well advanced, with engineering work and environmental assessments already well defined. The project also benefits from strong support from local communities and regulators
Use of Funds
1.
Exploration activities at Lazio Project and Gorno Project
2.
General corporate expenses and working capital
Disclaimer
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