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Pilbara makes a move on Altura
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Lithium miner Pilbara Minerals has moved to potentially acquire the Altura lithium project, in Western Australia, for $175-million, after ASX-listed Alura Mining went into voluntary administration earlier this week. Altura earlier this week appointed receivers and managers to conduct an urgent assessment of the company's financial position, with the intention of transitioning the lithium operations into care-and-maintenance in the coming weeks in order to preserve near-term cashflow.
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