The company’s portfolio of assets includes the flagship Mt Ida Gold Project including the Bottle Creek gold mine located at Mt Ida in the northern goldfields of Western Australia, the Paupong Intrusion Related Gold (IRG) Au-Cu-Ag mineral system located in the Lachlan Orogen NSW and the Myalla polymetallic Au-Cu-Zn project east of Dalgety in NSW.
The Mt Ida gold project is an emerging development project incorporating the Bottle Creek, Mt Ida South and Quinns Centre projects. Strategic planning to develop Bottle Creek into a processing hub is progressing with the maiden JORC resource statement due in August 2018.
The Company has engaged contractors to produce the first mine plan and pit optimisations for the Emu and Southwark pits and will commence the approval process on completion.
The historical mining cycle data, flow sheets and post mine review of the Bottle Creek CIP plant is underway and Alt will release a new plant flow chart shortly and commence costing of the principal components of the plant at the completion of the review.
Recently drilled diamond core from the Emu and Southwark deposits is undergoing metallurgical testing with the view to enhance gold and silver recoveries.
The Company recently acquired the Quinns Centre and Mt Ida South projects in a cash and script transaction from ASX listed Latitude Consolidated Limited (LCD).
The projects contain a JORC 2012 compliant resource of 97,000 ounces. The satellite ore bodies are all within a 20 kilometres radius of the Bottle Creek mining leases and will form part of the proposed mining inventory for the Bottle Creek gold mill.