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Alt Resources Ltd.

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Summary

Project:

Bottle Creek

Deposit:Emu, Southwark
Location:Australia
Commodities:Gold-Silver
Date:10/18/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resources Definition
Report details:18-10-2018: Alt Resources Ltd. announces a Resource Estimation report for its Emu, Southwark deposit at the Bottle Creek project. Updated mineral resource estimate at the project. Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an
Resources:(Resource, I+I): 2.618Mt @ 1.89g/t Au, 10.68g/t Ag
CP/QP:[Resources]: Stephen Godfrey (Jorvik Resources Pty Ltd.)
ABSTRACT:Alt Resources Ltd (ASX: ARS, Alt or ‘the Company’) is pleased to provide an update to the Bottle Creek Mineral Resource estimate for the Emu and Southwark deposits. A second round of RC drilling testing extensions to the north and south of the Emu deposit, as well as laterite-hosted mineralisation at Southwark, has provided an additional 50,000 oz Au and 246,000 oz Ag. This brings the total for Alt’s Bottle Creek Gold Project to 2.6Mt @ 1.9 g/t Au, for 160,000 oz Au (Table 1), including 2.5Mt @ 10.7 g/t Ag for 900,000 oz Ag. Alt published the Maiden JORC Resource estimate for Bottle Creek on the 16th August 20181 . The current upgrade constitutes an expansion of Alt’s initial Bottle Creek Resource and thereby also expands Alt’s overall inventory for the larger Mt Ida Gold Project. The Mt Ida Gold Project is rapidly evolving into a promising gold hub, with multiple exploration and mining targets throughout the Company’s landholding. In combination with existing mineral resources within the Mt Ida Gold Project, at the Quinns and Mt Ida South projects, Alt’s combined mineral resource Inventory now stands at 3.9 Mt @ 2.07 g/t Au, for 257,000 oz Au2 . See Appendix 1 for a summary of the existing Mt Ida Project resources. The upgraded resource estimate includes 1,772 m new RC drilling immediately to the south and north of the Emu deposit (Figure 1). The north Emu extension fills in the gap between Emu and Southwark and proves continuity between the two deposits. This is a significant advance in development of the Bottle Creek Project and will impact the scope of ongoing pit optimisation and mine planning studies. Furthermore, Alt has ongoing drilling programs either completed or underway at the Cascade deposit, northward extensions of the Southwark deposit and defining a zone of surficial laterite-hosted gold mineralisation. Assay results from this additional drilling will be incorporated into a further resource upgrade once the programs are complete.

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