As announced on 16th January 2018 Alt Resources Limited (ASX:ARS) (Alt, or the Company) has entered into a binding Heads of Agreement (HOA) with Latitude Consolidated Limited (LCD) to purchase tenement assets. Alt is now pleased to announce completion of the first condition of the HOA, being the cash payment of $400,000 to LCD.

The landholding encompasses the historical Quinns and Mt Ida South mining centres, and contains existing JORC resources of 1.24 Mt @ 2.5 g/t Au, for 97,300 oz Au (see Note below). The exploration package fully encompasses the Bottle Creek mining leases, thus considerably expanding Alt's landholding in this area, and opening up significant exploration and development potential for the Company and shareholders.

Note: http://abnnewswire.net/lnk/X3T1G0H0


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.

 

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



Link: Completion of First Milestone LCD assets


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