Alto Metals Limited is a gold explorer holding a significant land position of over 800km2 ("Sandstone Gold Project" or "SGP") in the Archaean Sandstone Goldfield approximately 600km north of Perth in the East Murchison Mineral Field of Western Australia.
Sandstone Gold Project is an advanced exploration project which comprises both brown-field and green-field exploration portfolio. The current mineral resource base of the SGP consists of 6.22Mt at 1.7g/t Au for 331,000koz of gold Mineral Resource (Indicated and Inferred, JORC 2012). Refer to Mineral Resource Table.
Historical production from the Sandstone Goldfield is approximately 1.3 million ounces gold, 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 shallow open pits (50m to 100m below surface) at Oroya, Bull Oak, Bulchina, Lord Nelson and Lord Henry in the period 1994-2010.
Alto’s immediate focus is the delineation of a combined 1 million ounces gold Mineral Resource (JORC 2012). This will be comprised of shallow gold deposits (new deposits such as Vanguard, Indomitable Camps, Havilah and Ladybird etc.), extension and primary zone discoveries in the vicinity of previously partial-mined deposits (such as Lord Nelson, Lord Henry and Bulchina etc.) that could be profitably mined through 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 gold fields in the Yilgarn Craton 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 have significantly firmed up the base of multi-million ounces gold potential.
Alto has an experienced Board of Directors and Management Team with extensive skills in exploration, mining, accounting and corporate governance.
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: 293.4 million
Performance Shares: 25 million
Options: 78.8M @$0.07 at various exercise dates