Alt Resources Limited (ASX:ARS) (the Company) wishes to provide the following update regarding a funding proposal announced to the market on 19th September 2019.
Alt Resources Ltd
Alt Resources Limited (ASX:ARS) 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. The Company's portfolio of assets includes the newly acquired Bottle Creek gold mine located in the Mt Ida gold belt in South Central WA 95km north west of Menzies, the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW, Myalla polymetallic Au-Cu-Zn project east of Dalgety in NSW and the Mt Roberts gold project located near the town of Leinster in WA.
Alt Resources, having acquired historical and under-explored tenements in the Mt Ida Gold Belt, aims to consolidate the historical resources, mines and new gold targets identified within the region. Potential at Mt Ida exists for a centralised production facility to service multiple mines and to grow the Mt Ida Gold Belt project to be a sustainable and profitable mining operation.
During the year Alt Resources Ltd (ASX:ARS) has undertaken multiple exploration and resource drilling programs focussing on the Company's primary assets located in the northern goldfields of Western Australia at the Mt Ida and Bottle Creek Gold Projects and to a lesser extent at the New South Wales projects.
Alt Resources Limited (ASX:ARS) is pleased to announce that it has executed a non-binding term sheet for a funding package via a partially redeemable Convertible Note Deed (Notes) with Collins Street Value Fund.
ALT Resources Limited (ASX:ARS) is pleased to provide the exploration update for operations at its Mt Ida and Bottle Creek Gold Projects incorporating the Bottle Creek, Quinn's and Mt Ida South project areas.
Alt Resources Ltd (ASX:ARS) is pleased to provide an exploration update and results from Forest Belle and Pianto's project areas. Pianto's and Forrest Belle were the last areas tested by the Company during the recent RC drilling program at Mt Ida.
Alt Resources Ltd (ASX:ARS) (Alt or 'the Company') is pleased to provide an exploration update from drillholes SBRC006 and EMDD001 from Shepherd's Bush and Bottle Creek project areas.
Alt Resources Limited (ASX:ARS) is pleased to advise that, further to its ASX announcement of 5 August 2019, the Company has now settled Tranche 1 of its $4m placement to investors.
Alt Resources Ltd (ASX:ARS) is pleased to provide an exploration update from completion of 18 RC drillholes at the Shepherd's Bush and Spotted Dog prospects at Mt Ida South.
ALT Resources Limited (ASX:ARS) is pleased to provide the following exploration update for operations at its Mt Ida Gold Project incorporating the Bottle Creek, Quinn's and Mt Ida South project areas (Mt Ida or Project), located 90km north-west of Menzies in Western Australia's Eastern Goldfields.
Alt Resources Limited (ASX:ARS) (Alt or the Company) is pleased to announce that it has received firm commitments to raise $4,000,000 at $0.025 per share before costs. The share placement was oversubscribed showing exceptional support from investors.