MT IDA SCOPING STUDY CONFIRMS POTENTIAL FOR ROBUST LOW COST OPEN PIT
Mt Ida Scoping Study
Canberra, July 29, 2019 AEST (ABN Newswire) - ALT Resources Limited (
ASX:ARS) is pleased to present the findings of a recently completed Scoping Study for a standalone gold operation 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.
The Scoping Study contemplates the development of an open pit mining operation with the construction of a stand-alone 500,000 tonne per annum ore processing facility with the results demonstrating a project that is financially robust and has strong project fundamentals with low technical risk.
The positive Scoping Study provides the Company with confidence to advance the project through to a detailed Feasibility Study whilst maintaining its approach to ongoing drilling operations to continue growing the Mt Ida Mineral Resource and target potential new discoveries.
To view the study, please visit:
http://abnnewswire.net/lnk/826Y7N36
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.
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