Half Year Report for Period Ending 31 December 2016
Half Year Report for Period Ending 31 December 2016
Canberra, Mar 15, 2017 AEST (ABN Newswire) - The directors present their report on Alt Resources Limited (ASX:ARS) for the Period from 1 July 2016 to 31 December 2016.

Principal activities

The principal activity of Alt Resources Limited during the half-year was to continue the joint venture with GFM Exploration Pty Ltd with a view to facilitating the development of gold mining activities.

The company held a 70% interest in the Joint Venture at 31 December 2016 (31 December 2015: 70%).

No significant changes in the nature of the Company's activity occurred during the half year. The company has also continued to pursue and investigate the farm-in arrangements in relation to the Mount Roberts and Fiery Creek projects as announced.

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About Alt Resources Ltd

Alt Resources LtdAlt 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, 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.

    


Contact

Alt Resources Ltd
T: 1300-66-00-01
M: +61-406-069-243
E: info@altresources.com.au
www.altresources.com.au



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