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Alto Metals Ltd

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Market:
ASX
Market Cap:
$8.38 m
Price
0.03 AUD
Change
-6.06%
52 weeks high
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52 weeks low
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The Company’s primary objective is the “discovery and/or acquisition of projects with potential for plus million ounce gold deposits that can form the basis of a highly profitable mining company providing superior returns to Shareholders.

Sandstone

Alto’s Sandstone Project covers ~80% (800km2) of the historic Archaean Sandstone Goldfield 600km north of Perth in the East Murchison Mineral Field of Western Australia and is centred on the small township of Sandstone.


Historical Production and Exploration

Since the discovery of gold at the end of the 19th Century, the Sandstone greenstone belt has produced over 1.3 million ounces of gold from numerous underground and open pit mining operations. Of this, some 612,000 ounces was produced between 1994 and 2008 from the open-pit mining of shallow oxide ore by ASX listed companies Herald Resources Ltd and Troy Resources Ltd.

The numerous former open pits, prospects and gold occurrences now owned by Alto include Lord Nelson, Lord Henry, Havilah, Bull Oak, Vanguard, Ladybird, Maninga Marley, Sandstone North, Oroya, Tiger Moth, Musketeer, Piper and Bulchina.

Between 1994 and 2008, the exploration focus at Sandstone was largely on shallow oxide ore to feed the 1987 vintage Herald/Troy Nunngarra Mill, at a time when the Australian dollar gold price was substantially lower than it is today. With a higher gold price, an excellent database and a better understanding of regolith and the structural control on large gold deposits, Alto is confident of achieving its goal of 1 to 5 million ounces of gold.

(click here for more information on this project)

 

 

Last updated 30th July 2019

Mr Terry Wheeler
Chairman

Mr Wheeler is a Fellow of the Royal Australian Chemical Institute, a Member of the Australasian Institute of Mining and Metallurgy Inc., a Member of the Association of Exploration Geochemists, and an Associate Member of the International Association of Geoanalysts. Mr Wheeler commenced employment at the DSIR (Department of Scientific & Industrial Research) in London in 1958 and achieved his academic qualifications whilst gaining excellent practical work experience. He migrated to Perth, Western Australia, in 1967 and joined Western Mining Corporation, where his mineral analysis experience was gained, and with further study and qualifications he was promoted to Chief Chemist of the Kambalda Nickel Operation in the Eastern Goldfields. Terry and his wife Christina established Genalysis Laboratory Services in 1975 and grew the company into one of the largest and most successful analytical companies in the southern hemisphere with over 300 technical staff. In 2007, Genalysis Laboratory Services was purchased by Intertek Group plc


Dr Jingbin Wang
Non-Executive Director

Dr Wang has a BSc in Mineral Prospecting and Exploration from Central-South University of Technology Changsha, China, and an MSc and PhD in magmatic petrology and economic geology from the same university. Dr Wang is a geologist with extensive international minerals experience, and has been Chairman since 2004 of Sinotech Minerals Exploration Co. Ltd. He has been President of the prestigious Beijing Institute of Geology for Mineral Resources since 2002, and is an accomplished mining team leader with a track record of discovering major deposits around the world. Dr Wang has also held the title of Vice-President of the China Nonferrous Metals Industry Association since 2008 and was Executive Director of China Nonferrous Metals Resource Geological Survey from 2003 -2015. Dr Wang is a leader in the non-ferrous metals industry in China with over 30 years' experience in mineral exploration and mining. Dr Wang is also the Chairman and Director of East Africa Metals Inc. (TSX-V) and Nickel North Exploration Corp. (TSX-V) and a Director of Orca Gold Inc. (TSX-V).


Mr Matthew Bowles
Non-Executive Director

Mr Bowles is a senior corporate finance executive with extensive public corporate advisory, private equity and capital markets experience in the resources sector. Mr Bowles has successfully negotiated domestic and cross border corporate funding, joint venture and M&A transactions for a number of ASX listed companies in Africa, the Americas and Australia. Mr Bowles was previously Chief Development Officer for a West African focused ASX listed company. He commenced his career with Rio Tinto where he worked in a number of corporate and commercial roles for nine years, before moving to London to work in banking and finance. Since his return to Australia he has held senior roles with global advisory firms, with a focus on the resources sector. Mr Bowles holds a Bachelor of Business, is a member of CPA Australia and a Fellow of the Financial Services Institute of Australia. Mr Bowles is currently the CEO of Tanga Resources Limited.


Mr Dermot Ryan
Technical Consultant

Mr Ryan is a Fellow of the Australasian Institute of Mining and Metallurgy with Chartered Professional (CP) accreditation in the discipline of Geology, a Fellow of the Australian Institute of Geoscientists, and is a graduate from Curtin University in Western Australia. He has over 40 years’ experience in the discovery of gold, base metals, iron ore, diamond and uranium deposits. He spent 20 years with the CRA (Rio Tinto) group of companies, including ten years as Chief Geologist for CRA Exploration in various parts of Australia and was then GM Exploration for Great Central Mines / Normandy Yandal Operations and Johnsons Well Mining NL (renamed Regis Resources Ltd) in the 5-year period up to 2001. Between 2005 and 2013, Mr Ryan variously occupied the roles of Executive Director, CEO and Non-executive Director of Legend Mining Ltd and from 2008-2018 was Managing Director of Enterprise Metals Ltd. Over the past 17 years he has also acted as a mineral exploration consultant to private and public exploration companies in Western Australia. Mr Ryan is currently a Non-Executive director of Enterprise Metals Limited.


Dr Changshun Jia
Chief Geologist

Dr Jia is a geologist with extensive global mineral and mining industry experience in Asia, South America, Africa and Australia. Dr Jia was previously General Manager of Minera Altamira Chile, South America and senior management of Enterprise Metals Ltd. Dr Jia is a member of the Australian Institute of Geoscientists and registered geologist of the China Nonferrous Metals Industry Association, with expertise in mineral exploration and mining. Dr Jia is also a founder and director of Luna Resources Pty Ltd, providing corporate and technical advisory services to public and private entities. Dr Jia has a BSc in Hydrogeology & Engineering Geology from North China University of Water Resources and Electric Power, China, and a PhD in Economic Geology from the University of Science & Technology, Beijing.


Graeme Smith
Company Secretary & CFO

Mr Smith is a finance professional with over 25 years’ experience in accounting and company administration. He graduated from Macquarie University with a Bachelor of Economics degree and has since received a Master of Business Administration and a Master of Commercial Law. He is a Fellow of the Australian Society of Certified Practicing Accountants, the Institute of Chartered Secretaries and Administrators and the Governance Institute of Australia. He is the principal of Wembley Corporate which provides Company Secretarial, CFO, Accounting and Corporate Governance services to public and private companies.

 

Last updated 30th July 2019

Suite 9, 12-14 Thelma Street,
WEST PERTH WA 6005 AUSTRALIA

PO Box 994
West Perth, WA, 6872

Phone: +61 8 9381 2808
Fax: +61 8 9321 6084
Email: [email protected]

Directors and Management

Mr Terry Wheeler – Chairman
Dr Jingbin Wang – Non-Executive Director
Mr Matthew Bowles – Non-Executive Director


Company Secretary & Chief Financial Officer

Mr Graeme Smith


Registered Office

Suite 9, 12-14 Thelma St,
WEST PERTH WA 6005
AUSTRALIA

T +61 8 93812808
W www.altometals.com.au
E [email protected]

Share Registry

Automic Registry Services
Level 5, 126 Phillip Street
Sydney NSW 2000

T 1300 288 664 (within Australia)
T +61 2 9698 5414
W www.automic.com.au


All securityholder correspondence to:

GPO Box 5193
Sydney NSW 2001


Auditor

Grant Thornton
Central Park, Level 43
152-158 St Georges Terrace
Perth WA 6850

T +61 8 9480 2000
F +61 8 9322 7787
W www.grantthornton.com.au
E [email protected]


Australian Securities Exchange

AME

 

Last updated 30th July 2019