Alt Resources Limited (Alt Ltd) is an ASX listed Australian based mineral exploration and emerging gold development Company incorporated in April 2014
Alt Resources is an Australian based mineral exploration and emerging development company that aims to become a gold producer by developing its historical and newly acquired gold assets and to continue building value for shareholders by moving towards cash flow generation by mine development into the mining cycle and producing gold.
The Company is focussed on realising it’s vision to expand the existing Mt Ida and Bottle Creek JORC Resources and to make additional new discoveries in the Mt Ida Gold Belt using modern exploration techniques and to establish a central gold production hub at the Bottle Creek mine site, processing ore from multiple open pit mining operations at Bottle Creek, Mt Ida South and Quinn’s Projects.
Alt Resources, having acquired the historical Bottle Creek gold mine and other under-explored tenements in the Mt Ida Gold Belt, aims to consolidate other stranded assets and historical resources and to explore and drill new gold targets identified within the broader Mt Ida region.
Alt holds the view, the first company to establish a processing mill in the Mt Ida region will inevitably acquire the other stranded gold assets in and around Mt Ida. The Company’s clearly stated objective is to establish a centralised gold production facility with capacity to service multiple low cost open pit mines within cartage distance of the Bottle Creek mine site and to grow the Mt Ida gold project into a sustainable low cost mine with an initial 7-8 year mine life.
The Company will continue to evaluate other projects in the area, actively seeking additional resource ounces to add to the value chain at Mt Ida and Bottle Creek.