Altius Mining Limited (ASX code: AYM) is an emerging gold production and exploration Company focused on the discovery, development and mining of its primary assets in far north Queensland (FNQ) and New South Wales (NSW).

Whilst Altius is predominantly focused on the development and mining of its primary gold assets at Forsayth FNQ, the Company has also amassed substantial tenement holdings in highly prospective regions across a broad spread of commodities. Altius holds 100% interest in 12 exploration licenses in NSW, and one exploration licence and two mining licenses in FNQ respectively. Forsayth, in FNQ, is the Company’s flagship project, with gold production imminent in 2012. The existing processing plant is near completion and test mining and processing has commenced. The Company intends to undertake extensive exploration programmes and environmental studies to develop possible mining operations at Sofala, Karangi, Huntingfield and Beehive East in NSW.

The identified exploration targets across these tenements include rare earth elements (REE), iron pisolites, copper and platinum group elements, all in NSW, which will enable Altius to spread its risk profile accordingly.

Altius has a strong pipeline of projects spread across the exploration, development, feasibility and production stages, with drilling programmes prepared for its primary targets. The Company has four immediate priorities:

(1) Forsayth FNQ for immediate gold production;
(2) Beehive East in central NSW for REE exploration;
(3) Sofala in mid north coast NSW for near term gold production; and
(4) Huntingfield, south of Broken Hill for iron pisolite project development.