Inactive Instrument

Alt Resources Limited

Equities

ARS

AU000000ARS9

Alt Resources : Retraction of in-ground Valuation

June 09, 2020 at 11:16 am EDT

Alt Resources Limited ('Alt Resources' or 'the Company') (ASX: ARS) refers to an an interview with Mr. James Anderson, CEO of Alt Resources Limited published on Youtube on 23 April 2020 titled 'Alt Resources (ASX: ARS) Pull to the scene, but my roof gone'.

Alt Resources wishes to retract the comments made in that interview where Mr. Anderson provided guidance around a potential in ground valuation for the Company's Mt Ida & Bottle Creek projects as there is no reasonable basis for it. It also retracts guidance provided on the potential ore reserve statement.

Alt Resources expects to release its maiden ore reserve statement (Statement) in accordance with Clause 29 of the JORC Code later this month. Any guidance provided prior to release of that Statement is retracted, as is any reference to an in ground value and investors should not make an investment decision based on this information. Alt Resources has withdrawn the video interview from publication where possible.

This announcement has been authorised by the Chief Executive Officer of Alt Resources Limited.

Contact:

Peter Nesveda

Tel: +61 (0) 412 357 375

Email: peter@intuitiveaustralia.com.au

ABOUT ALT RESOURCES LIMITED

Alt Resources 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 greater Mt Ida and Bottle Creek Gold Projects located in the Mt Ida gold belt of Western Australia and the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW.

Alt Resources, having acquired the Mt Ida and Bottle Creek Gold Projects with historical and underexplored tenements in the Mt Ida gold belt in the Northern Goldfields of WA, 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.

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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