Half Yearly Report
Half Yearly Report

Canberra, Mar 15, 2019 AEST (ABN Newswire) - The directors present their report on Alt Resources Limited (googlechartASX:ARS) 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.

To view the full report, please visit:
http://abnnewswire.net/lnk/61C634YG


About Aurenne Alt Resources Pty Ltd

Aurenne Alt Resources Pty Ltd 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.

abnnewswire.com 


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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 8) (Last 30 Days: 37) (Since Published: 3984)