Alt Resources Ltd. announce the results of its Preliminary Feasibility Study (PFS) and Maiden Ore Reserve for the Mt Ida and Bottle Creek Gold Project which are located 80km north west of Menzies in the Mt Ida gold belt. The PFS and Maiden Ore Reserve supports an initial seven year Run of Mine (ROM) with robust economics The Mt Ida and Bottle Creek Ore Reserve is estimated at 4.61 million tonnes at 1.8g/t Au and 15.8g/t Ag for 272,000 ounces gold and 2.1M ounces of silver from ten open pit designs which make up the Mt Ida and Bottle Creek Gold Project. The Mt Ida and Bottle Creek Gold Project lies 100 km north east of Menzies in the Mt Ida gold belt. Access to the site is by sealed and unsealed road from the Goldfields Highway. The Mt Ida Bottle Creek Gold Project (BCP) comprises 10 separate deposits divided into two regions; Bottle Creek and Mt Ida. Bottle Creek was mined by Norgold Ltd. between 1988 and 1989 but was prematurely shutdown due to a pit wall failure and a declining gold price in 1990. The project produced 93,000oz Au from two open pits, VB and Boags, in 18 months of operation. Open pit mining was carried out at the Quinn Hills prospect in the late 1990s with production completed in 1997 with the development of shallow open pits at Boudie Rat and Forrest Belle. This ore was carted and treated at the Bannockburn gold processing mill approximately 75 kilometres to the northeast. The Pre-Feasibility Study works have been primaily delivered through consulting and contract resources. The major contract for engineering, design, and metallurgical work has been undertaken by Como Engineers Pty Ltd. The mining reserve, mine design has been compiled by Minecomp Kalgoorlie. The Mt Ida and Bottle Creek Gold Project is located on the northern extremity of the Mt Ida-Ularring greenstone belt extending from Davyhurst to Mt Alexander. The Bottle Creek "Emu Formation" which consists of carbonaceous black shale, graphitic chert, BIF and appears as an interflow sedimentary unit between mafic flows which has since been rotated sub- vertical during orogenesis and now youngs eastward towards the core of the Kurrajong Anticline. The Bottle Creek gold and silver mineralisation is found close to the contact of two sequences and coincides with a sheared, up to 20m thick, Emu Formation which on the eastern contact is a felsic porphyry unit. The western contact appears as weathered quartz-biotite schists and mafic volcanics. These schists have been subjected to potash metasomatism, silicification and carbonatisation. At surface the sheared Emu Formation is a gossanous ironstone and has been oxidised and lateritised to a depth of 100m. The geological interpretations for the Bottle Creek Emu Formation deposits being the Emu, Southwark, Cascade, VB, Boags and VB North resource estimates are based on the currently known models of ore genesis, geological history and structural deformation which has been previously described in project reporting. Previous reports include multiple historic exploration and project development reports. The geological models have been developed with continuous improvements made in data quality by the Company with the addition of new exploration and drilling. HGMC has utilised this geological data as the basis to develop updated 3D mineralisation models used for current resource estimation and reporting. Industry standard drilling techniques have been used at all deposits discussed in this announcement. RC drilling techniques have been undertaken using a face sampling hammer and cone splitter. The drill rigs used was a KWL350 (RC) with on-board 1100 CFM/350 PSI air system complemented with 2400 CFM/850 PSI auxiliary air. The drill rigs used were set up to drill 143mm diameter holes and a KW380 utilising 114mm rods and 143mm bit (RC) using an onboard compressor and auxiliary air rated at 1000psi and 2400cfm. No diamond drill hole data has been utilised in the preparation of the Resource Upgrade. Historical drilling techniques were reported as using industry standard RC drilling rigs however information relating to the type of rigs used is unavailable. The Company, during all phases of drilling programs, has twinned multiple historical holes drilled by North and La Mancha Resources at Bottle Creek, Tim's Find and the Shepherds Bush deposits and has validated the historical data for inclusion in the resource estimation.