Altona has appointed Australian stockbroker Bell Potter Securities to advise the company on the proposed listing in the fourth quarter.
"Given the geographic location of the Arckaringa Coal to Liquids and Power Project in South Australia, it has been our intention for some time to list on the ASX," chairman Chris Lambert said.
"With the company now proceeding to the final stage of the bankable feasibility study for Arckaringa and favourable market dynamics for the energy sector, we believe the time is now right to move to a proposed dual listing."
Altona has also agreed with Hong Kong-based investor Tongjiang International Energy to defer completion of the third tranche of their £11.6 million ($A24.1 million) share subscription agreement, which was originally due to be completed by June 30.
The Tranche 3 shares may now constitute part of the proposed ASX listing.
Altona plans to integrate a 10 million barrel per year CTL plant with 560MW co-power generation project.
Last October, the company signed a memorandum of understanding with logistics company Freightlink to use the Darwin-to-Adelaide rail corridor for the project.
These services would include importing goods and materials required to build and maintain the plant, as well as transporting liquid fuels from the facility.
The Adelaide-to-Darwin rail corridor runs directly through the area covered by Altona's coal leases in the Arckaringa Basin and is 60km from the Wintinna deposit, which will provide the coal feedstock for the CTL and power plant.
