Altona Mining : 2017 Annual Report and Appendix 4G

15 September 2017 ASX: AOH, FSE: A2O

2017 ANNUAL REPORT AND APPENDIX 4G

Altona Mining Limited is pleased to release the following documents:

• 2017 Annual Report, and

• Appendix 4G disclosure.

Please direct enquiries to: Alistair Cowden	David Ikin	Jochen Staiger
Managing Director	Professional Public Relations	Swiss Resource Capital AG
Altona Mining Limited	Perth	Tel: [phone]
Tel: [phone]	Tel: [phone]	[e-mail]
[e-mail]	[e-mail]

About Altona and the Cloncurry Copper Project

Altona Mining Limited ("Altona") is an ASX listed company focussed on the Cloncurry Copper Project ("Project") in Queensland, Australia. The Project has Mineral Resources containing some 1.67 million tonnes of copper and 0.43 million ounces of gold. It is envisaged that a 7 million tonnes per annum open pit copper-gold mine and concentrator will be developed at the Project. The development is

permitted with proposed annual production(1) of 39,000 tonnes of copper and 17,200 ounces of gold

for a minimum of 14 years. The Definitive Feasibility Study was refreshed in July 2017.

1Refer to the information attached to this ASX release 'Updated DFS Delivers Bigger and Better Cloncurry Copper Gold Project' dated 2 August 2017 which outlines information in relation to this production target and forecast financial information derived from this production target. The release is available to be viewed at www.altonamining.com or www.asx.com.au. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target referred to in the above-mentioned release continue to apply and have not materially changed.

AOH0861

Altona Mining Limited | Level 1, 2 Kings Park, West Perth WA 6005 | ABN 35 090 468 018

ANNUAL REPORT 2017 Corporate Directory

Directors:

Mr Kevin Maloney Chairman

Dr Alistair Cowden Managing Director

Mr Paul Hallam

Non-Executive Director

Mr Steve Scudamore Non-Executive Director

Company Secretary:

Mr Eric Hughes

Principal and Registered Office:

Level 1

2 Kings Park Road

West Perth 6005 Western Australia Telephone: [phone]

Email: [e-mail]

Share Registry:

Computershare Registry Services Pty Ltd Level 2, Reserve Bank Building

45 St Georges Terrace

Perth 6000 Western Australia Telephone: [phone]

Auditor:

Deloitte Touche Tohmatsu 123 St Georges Terrace

Perth 6000 Western Australia Telephone: [phone]

Stock Exchanges:

Australian Securities Exchange Limited (ASX) Frankfurt Stock Exchange

Company Codes:

ASX: AOH

FSE: A20

Issued Capital:

536,975,592 Fully paid ordinary shares 8,419,200 Employee share rights (Valid 17 August 2017)

Annual Report of Directors to Shareholders and Financial Statements

Contents Page

DIRECTORS' REPORT

Company Overview and Strategy 2

Cloncurry Copper Project 3

Commentary on Financial Results 11

Governance 14

Audit and Risk Management 27

Remuneration Report 29

Statutory Representations 39

ANNUAL FINANCIAL REPORT

Financial Statements 40

Notes to the Financial Statements 44

Directors' Declaration 75

AUDITOR'S REPORTS

Auditor's Independence Declaration 76

Independent Audit Report 77

OTHER

Additional Information Required by the ASX 81

This document comprises the reports required to be provided to shareholders in accordance with Section 317 of the Corporations Act 2001. The reports refer to the "Group" which consists of Altona Mining Limited ("Altona" or "the Company") and its subsidiaries.

www.altonamining.com

Altona Mining Limited ACN 090 468 018 | Page 1