Alto Metals Limited is a gold and base metals explorer holding a significant land position in the historic Archaean Sandstone Goldfield approximately 600km north of Perth in the East Murchison Mineral Field of Western Australia.
Historic production from the Sandstone Goldfield is approximately 1.3 million ounces, with half of this being mined in the period 1894-1914, and the remainder being mined by Herald Resources Ltd and Troy Resources Ltd from relatively shallow open pits at Oroya, Bulloak, Bulchina, Lord Nelson and Lord Henry in the period 1994-2010.
Alto’s immediate focus is the delineation of a combined 1 million ounce (JORC 2012) Mineral Resource. This will be comprised of relatively shallow gold deposits (new deposits such as Vanguard, Indomitable, Maninga Marley and others) and existing deposits (such as Lord Nelson and Lord Henry) that can be profitably mined through re-establishment of standalone oxide and primary gold mining operations at Sandstone.
Ultimately, Alto aims to find at least 5 million ounces of gold at Sandstone, which is comparable to discoveries in other more intensely explored greenstone belts in the Yilgarn of Western Australia.
Since acquiring the Sandstone Project in June 2016, Alto has compiled and reviewed a large legacy database ahead of a series of focused exploration and drilling campaigns which commenced late 2016.
Alto has an experienced Board of Directors with extensive skills in exploration, mining, accounting, corporate governance and provision of corporate advice.
Alto’s existing gold resource base consists of 4.87Mt at 1.7g/t Au for 261,000 ounces (Inferred and Indicated, JORC 2012. Refer Mineral Resource Tables under Sandstone Project for details.
Level 2, 12-14 Thelma Street
WEST PERTH, Western Australia 6005
T: +618 9381 2808
PO Box 994
WEST PERTH, Western Australia 6872
Shares on Issue: 198 million
Performance Shares: 25 million
Performance Rights: 4.5 million