Alt Resources Ltd

Alt Resources moving Bottle Creek project towards development

Alt Resources (ASX:ARS) CEO James Anderson introduces Proactive Investors to the Western Australia-focused gold exploration and emerging development company, and discusses in depth the flagship Mt Ida Gold Project and Bottle Creek gold mine.

Anderson says, "Now we're sitting on about 340 square kilometres of exploration ground, and contained within that we've got three of four ore bodies that we've been developing and drilling over the last six months. Mount Ida's got a nearly 100,000 ounce JORC resource, and we've just released a Maiden Resource for Bottle Creek which is about 110,000 ounces of gold and 650,000 ounces of silver."

He continues, "There's no gold plant in the area, so always our strategy's been to put a hub here with a processing plant so that we can bring these stranded assets [in this part of the Goldfields] into one play, and develop it as a processing hub for the whole area."

Alt will probably do a cash raise in the next six to eight weeks, in order to continue to grow resources around Bottle Creek. Assay results from a recent drilling program should flow in the meantime.

Quick facts: Alt Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $12.2 m

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