Saturday, 04 December 2021 01:11 GMT

Alt Resources Ltd (ASX:ARS) Completes Bottle Creek Option Agreement Payments


(MENAFN- ABN Newswire) Canberra, Nov 30, 2017 AEST (ABN Newswire) - Alt Resources () is pleased to announce that pursuant to the terms contained in the Bottle Creek Gold Mine Option to Purchase Agreement and as at the 29th November 2017 the Company has completed all the necessary payments to the Vendor securing the Bottle Creek Gold Mine project for the Company. Details of the Option to Purchase Agreement payments can be found in the Company's ASX announcement 8 November 2017 or on the Company website.

Alt executed a legally binding Option to Purchase Agreement for the Bottle Creek Gold Mine on the 3rd November 2017 (see Note below). Drilling is scheduled to commence in March 2018 to validate historical drilling and progressively bring the Bottle Creek resource into JORC compliance. The Company will undertake a minimum of 8,000m of reverse circulation (RC) drilling.

Note:

See ARS announcement, 8th November, 2017:


About Alt Resources Ltd

() is an Australian based mineral exploration company. The Company portfolio of assets include the Paupong IRG Au-Cu-Ag mineral system in the Lachlan Orogen NSW, the Myalla polymetallic Au-Cu-Zn deposit, the Mt Roberts gold project and the newly acquired Mt Ida South gold project incorporating the Bottle Creek gold mine.


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