ALT Resources has been formed to capture value accretive opportunities in the natural resources industry. The firm is targeting admission to AIM in October 2026 in conjunction with an equity placement of up to £3 million.

Option Agreements over North Queensland Gold Mine

ALT Resources has executed two binding option agreements in respect of the Freedom gold mine in North Queensland, Australia, which is owned by Freedom Metals Pty Ltd. Under the agreements, ALT Resources has secured the right to acquire (i) a gold stream over up to 50% of gold production from the Freedom gold mine project and (ii) a 50% equity interest in Freedom Metals.

ALT Resources intends to exercise the streaming option conditional upon, and immediately following admission of its ordinary shares to trading on the AIM. It also intends to exercise the option to acquire a 50% interest in Freedom following Admission. Production is targeted for the first quarter of 2027, while in parallel developing a small JORC resource and progressively expanding output. This stream gives direct exposure to that production, and a 50% equity interest providing meaningful exposure to the upside from what it believes to be a significantly under-explored, high-grade underground tenement package.