Inactive Instrument

Alt Resources Limited

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ARS

AU000000ARS9

Alt Resources Ltd (ASX:ARS) Pre-Feasibility Study & Maiden Ore Reserves

July 10, 2020 at 12:12 am EDT

Canberra, Australia, July 10, 2020 - (ABN Newswire) - Alt Resources Ltd (ASX:ARS) is pleased to 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 (Figure 1*). 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.

Alt CEO James Anderson commented: "The PFS and Maiden Ore Reserve confirms the Mt Ida Bottle Creek Gold Project as a promising undeveloped gold asset which is technically and financially sound. The work the Company has done over the past 3 years culminating in this PFS demonstrates the potential for this under explored Northern Goldfields region. The future development of a treatment plant will encourage other stranded assets located in the region to be further explored and developed. The Mt Ida Bottle Creek projects, close proximity to Kalgoorlie, the sunk capital as a legacy benefit from Norgold and the project being oxide open pits makes Mt Ida and Bottle Creek an attractive development proposition".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/06LTH6D0

About Alt Resources Ltd:

Alt Resources Limited (ASX:ARS) is an Australian based mineral exploration company that aims to become a gold producer by exploiting historical and new gold prospects across quality assets and to build value for shareholders. The Company's portfolio of assets includes the newly acquired Bottle Creek gold mine located in the Mt Ida gold belt in South Central WA 95km north west of Menzies, the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW, Myalla polymetallic Au-Cu-Zn project east of Dalgety in NSW and the Mt Roberts gold project located near the town of Leinster in WA.

Alt Resources, having acquired historical and under-explored tenements in the Mt Ida Gold Belt, aims to consolidate the historical resources, mines and new gold targets identified within the region. Potential at Mt Ida exists for a centralised production facility to service multiple mines and to grow the Mt Ida Gold Belt project to be a sustainable and profitable mining operation.

Contact:

Andrew Sparke
Executive Director
Email: andrew@altresources.com.au

Peter Nesveda
Investor Relations and Corporate Affairs
Mob: +61 (0) 412 357375
Email: peter@intuitiveaustralia.com.au

Latest news about Alt Resources Limited

Alt Resources Limited Announces Change of Board Composition	20-09-02	CI
Alt Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2020	20-08-27	CI
Aurenne Ularring Pty Ltd ('AUPL') completed the acquisition of Alt Resources Limited from Harvest Lane Asset Management Pty Ltd, 31 May Pty Ltd and others.	20-08-27	CI
Alt Resources Limited Provides Pre-Feasibility Study & Maiden Ore Reserves	20-07-10	CI
Alt Resources Ltd. Provides Update on the Planned Mining Operations At the Tim's Find Gold Deposit	20-05-15	CI
Aurenne Ularring Pty Ltd made an offer to acquire Alt Resources Limited from Harvest Lane Asset Management Pty Ltd, 31 May Pty Ltd and others for AUD 30.7 million.	20-05-06	CI
Alt Resources Limited Provides Summarized Details from Metallurgical Leach Test Work	20-05-04	CI
Alt Resources Limited Announces Bottle Creek Exploration Drilling Continues to Deliver Shall High Grade Gold	20-04-15	CI
Alt Resources Ltd Provides Update on the Planned Mining Operations At the Tim's Find Gold Deposit, Located in the Mt Ida South Region of the Mt Ida and Bottle Creek Gold Project	20-04-14	CI
Alt Resources Ltd Announces an Update to the Mineral Resource Estimate for the Mt Ida and Bottle Creek Gold Project	20-04-02	CI
Alt Resources Limited Provides Drilling Results from its Mt Ida, Quinns Project Area	20-03-25	CI
Alt Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2019	20-03-09	CI
Alt Resources Limited Provides the Exploration Update for Operations at its Mt Ida and Bottle Creek Gold Projects	20-02-24	CI
Alt Resources Ltd Provide Update to the Mineral Resource Estimate for the Mt Ida and Bottle Creek Gold Project	20-02-09	CI
Alt Resources Limited Appoints Grant Harding as Non Executive Director	20-01-21	CI
Alt Resources Limited Provides the Latest Exploration Results from the 18 RC Holes Drilled at the Shepherd's Bush Prospect	20-01-15	CI
Alt Resources Limited Announces Exploration Update - MT Ida Gold Project	19-12-15	CI
Alt Resources Ltd Provides Results from the Tim's Find RC Drilling Program Completed in September 2019	19-10-29	CI
Alt Resources Announces Update on Tim's Find Gold Project	19-10-22	CI
Alt Resources Completes 21 RC Drill Holes for 1040 Metres at Bottle Creek Gold Project	19-10-21	CI
Alt Resources Limited announced that it has received AUD 4.500003 million in funding	19-09-29	CI
Alt Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2019	19-09-27	CI
ALT Resources Limited Provides Mt Ida and Bottle Creek Gold Projects Exploration Update	19-09-08	CI
Alt Resources Limited Announces Change of Registered Address	19-08-26	CI
Alt Resources Limited Provides an Exploration Update and Results from Forest Belle and Pianto’S Project Areas	19-08-25	CI

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Company Profile

ALT Resources Limited is a junior mineral exploration company engaged in pursuing a joint venture agreement with GFM exploration pty ltd, with a view to facilitate the development of gold mining activities. The Company is exploring in the south east Lachlan Orogen in New South Wales, where it has discovered an intrusion related gold (IRG) mineral system. It holds interest in Myalla Prospect and Paupong Project. Its Myalla Prospect lies approximately 15 kilometers to the northeast of Dalgety in New South Wales, and is over 30 kilometers from the Paupong Project that covers an area of over 50 square kilometers. Its Paupong Project's tenements are located over 15 kilometers south west of Dalgety, New South Wales in the eastern sub-provide of the Lachlan Orogen. It has entered into a joint venture with Ironbark Zinc Limited to explore Fiery Creek Project that is located over 60 kilometers from Paupong. Its tenements include EL7825 Paupong; EL8266 Paupong; EL8382 Paupong, and EL8416 Myalla.

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