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Alt Resources announces half yearly report

Mining News - Published on Tue, 19 Mar 2019

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The directors present their report on Alt Resources Limited for the period from 1 July 2018 to 31 December 2018.

Principal activities
The principal activity of the Company during the half year was to continue exploration and advance the development to mine plans at the Mt Ida and Bottle Creek Gold projects located in Western Australia. The Company holds 100% of the Mt Ida gold project and an Option to Buy the Bottle Creek gold mine project. During the half year to December 2018 the Company has delivered new gold resource statements and JORC compliant resource upgrades and continued exploration and target generation on the Company's tenements. All results have been disclosed to shareholders and to the ASX.

The advancement of the mine plans at the and Mt Ida and Bottle Creek mining tenements is a significant change in the nature of the Company's activities with a shift in focus from exploration to planning for gold production. Development is progressing with the project moving into the pre-feasibility stage, with treatment plant preliminary plans being developed in conjunction with other scoping studies.

Additionally, the Company retains a 51% interest in the Mt Roberts gold project located in Leinster Western Australia under a joint venture with Mt Roberts Mining Pty Ltd and a 70% interest in the Paupong Intrusion Related Gold system with joint venture partner GFM Exploration Pty Ltd.

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Posted By : Rabi Wangkhem on Tue, 19 Mar 2019
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