Altech Chemicals (ASX:ATC) is currently in the process of permitting, securing off-take interest and project financing for its High Purity Alumina (HPA) project.

This is targeted towards breaking ground for project construction in the first quarter of 2016.

Find out more when managing director Iggy Tan presents at Proactive Investor's Sydney, Melbourne Investor Luncheons in August.

Click here to register for the Sydney Luncheon on Tuesday 4th August or here for the Melbourne Luncheon on Wednesday 5th August.

In June, the company completed three months ahead of schedule a Bankable Feasibility Study that highlighted the potential of its HPA project to deliver high margins, strong cash flows, and rapid payback period.

Key metrics from the BFS included:

- Capital cost estimate US$76.9 million (A$98.6million);

- Payback period 3.8 years;

- Estimated pre-tax NPV of US$326.1 million (A$362.4 million) (at 10% discount);

- IRR of 30.3%;

- Long-term sale price forecast of US$23,000/tonne (A$25,560/tonne) for 99.99% (4N) product;

- Cost of goods sold US$8,140/tonne (A$9,050/tonne); and

- EBITDA of US$59.4 million (A$66.0 million) per annum.

The company has already commenced permitting for its proposed aluminous clay (kaolin) mining operation and beneficiation plant at Meckering, Western Australia.

This is a key component and input to Altech's High Purity Alumina (HPA) project that provides a real alternative to current Chinese and Japanese producers.