Alto Metals Ltd (ASX:AME)

Alto Metals Ltd (ASX:AME)


Share Price
$ 0.03
Change
0 (0.00 %)
Market Cap
$8.65 m
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Alto Metals Ltd

Alto Metals Ltd is a Western Australian based company and is focused on gold exploration in Australia.

EPIC: AME
Market: ASX:AME
52-week High/Low: A$0.08 / A$0.03
Sector: Mining
Market Cap: $8.65 m
Website: www.altometals.com.au
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Big Picture – A Deep Dive Examination of Alto Metals Ltd


Alto Metals Ltd Snapshot

The Company’s primary objective is the “discovery and/or acquisition of projects with potential for plus million ounce gold deposits that can form the basis of a highly profitable mining company providing superior returns to Shareholders.

Sandstone

Alto’s Sandstone Project covers ~80% (800km2) of the historic Archaean Sandstone Goldfield 600km north of Perth in the East Murchison Mineral Field of Western Australia and is centred on the small township of Sandstone.

Historical Production and Exploration

Since the discovery of gold at the end of the 19th Century, the Sandstone greenstone belt has produced over 1.3 million ounces of gold from numerous underground and open pit mining operations. Of this, some 612,000 ounces was produced between 1994 and 2008 from the open-pit mining of shallow oxide ore by ASX listed companies Herald Resources Ltd and Troy Resources Ltd.

The numerous former open pits, prospects and gold occurrences now owned by Alto include Lord Nelson, Lord Henry, Havilah, Bull Oak, Vanguard, Ladybird, Maninga Marley, Sandstone North, Oroya, Tiger Moth, Musketeer, Piper and Bulchina.

Between 1994 and 2008, the exploration focus at Sandstone was largely on shallow oxide ore to feed the 1987 vintage Herald/Troy Nunngarra Mill, at a time when the Australian dollar gold price was substantially lower than it is today. With a higher gold price, an excellent database and a better understanding of regolith and the structural control on large gold deposits, Alto is confident of achieving its goal of 1 to 5 million ounces of gold.

(click here for more information on this project)

 


Last updated 30th August 2018

Mr Terry Streeter
Non-Executive Chairman

Mr Streeter is a highly successful businessman with extensive experience in funding, listing and overseeing junior explorers in all exploration and economic cycles and has served in various roles in the nickel sulphide industry for over 30 years.

He was a Director of West Australian nickel explorer and miner Jubilee Mines NL from 1993 to May 2004, and was a founding shareholder of Western Areas NL (ASX: WSA) in 1999, which went on to discover and develop two high-grade nickel sulphide mines in the Forrestania region of Western Australia, producing 22,000 – 25,000t Ni pa. He served as a Non-Executive Director of Western Areas from 1999, and Non-Executive Chairman from 2007 to November 2013. He has also been a Non-Executive Chairman at Fox Resources Ltd since June 2005, served as a Non-Executive Director of Midas Resources Ltd from June 2001 to April 2013 and Minera IRL since April 2007.

In 2010, Mr Streeter founded Riverbank Resources Mineração Ltda, a private company incorporated in Brazil which is engaged in the exploration and development of iron, titanium, vanadium, base metal and gold projects throughout Brazil. Riverbank is actively exploring 100% owned iron and iron-titanium-vanadium projects in north-eastern Brazil.


Mr Dermot Ryan
Managing Director

Mr Ryan is a Fellow of the Australasian Institute of Mining and Metallurgy, a Fellow of the Australian Institute of Geoscientists, has Chartered Professional (CP) accreditation in the discipline of Geology and is a graduate from Curtin University in Western Australia. He has over 40 years’ experience in the discovery of gold, base metals, iron ore, diamond and uranium deposits. He spent 20 years with the CRA (Rio Tinto) group of companies, including ten years as Chief Geologist for CRA Exploration in various parts of Australia and was then GM Exploration for Great Central Mines / Normandy Yandal Operations and Johnsons Well Mining NL (renamed Regis Resources Ltd) in the 5 year period up to 2001. Over the past 16 years he has acted as a mineral exploration consultant to private and public exploration companies in Western Australia. Mr Ryan is currently Managing Director of ASX listed Enterprise Metals Limited.


Dr Jingbin Wang
Non-Executive Director

Dr Wang has a B.Sc in Mineral Prospecting and Exploration from Central-South University of Technology Changsha, China, and an MSc and PhD in magmatic petrology and economic geology from the same university. Dr Wang is a geologist with extensive international minerals experience, and has been Chairman since 2004 of Sinotech Minerals Exploration Co. Ltd. He has been President of the prestigious Beijing Institute of Geology for Mineral Resources since 2002, and is an accomplished mining team leader with a track record of discovering major deposits around the world. Dr Wang has also held the title of Vice-President of the China Nonferrous Metals Industry Association since 2008 and was Executive Director of China Nonferrous Metals Resource Geological Survey from 2003 -2015. Dr Wang is a leader in the non-ferrous metals industry in China with over 30 years' experience in mineral exploration and mining. Dr Wang is also the Chairman and Director of East Africa Metals Inc. (TSX-V) and Nickel North Exploration Corp. (TSX-V) and a Director of Orca Gold Inc. (TSX-V).


Mr Terry Wheeler
Non-Executive Director

Mr Wheeler is a Fellow of the Royal Australian Chemical Institute, a Member of the Australasian Institute of Mining and Metallurgy Inc., a Member of the Association of Exploration Geochemists, and an Associate Member of the International Association of Geoanalysts. Mr Wheeler commenced employment at the DSIR (Department of Scientific & Industrial Research) in London in 1958 and achieved his academic qualifications whilst gaining excellent practical work experience. He migrated to Perth, Western Australia, in 1967 and joined Western Mining Corporation, where his mineral analysis experience was gained, and with further study and qualifications he was promoted to Chief Chemist of the Kambalda Nickel Operation in the Eastern Goldfields. Terry and his wife Christina established Genalysis Laboratory Services in 1975, and grew the company into one of the largest and most successful analytical companies in the southern hemisphere with over 300 technical staff. In 2007, Genalysis Laboratory Services was purchased by Intertek Group plc.


Mr Patrick Holywell
Company Secretary & Chief Financial Officer

Mr Holywell has fifteen years of experience in corporate governance, finance and accounting including employment at Deloitte and Patersons and has focused on providing CFO/Company Secretarial roles for listed/public companies in the junior resources sector. He has been involved in recent equity and debt transactions for companies with projects in Australia, Democratic Republic of the Congo and Colombia. He is a Fellow of the Governance Institute of Australia and a Chartered Accountant as well as a member of the Australian Institute of Company Directors and the Institute of Chartered Secretaries and Administrators.

 


Last updated 30th August 2018

As at 31st December 2017

Rank Name Units % of Units
1 WINDSONG VALLEY PTY LTD 31,055,198 16.75
2 SINOTECH (HONG KONG) CORPORATION LIMITED 15,900,000 8.57
3 ENTERPRISE METALS LTD 12,000,000 6.47
4 MR STEPHEN STONE 8,787,500 4.74
5 CROWNLUXE INVESTMENT LTD 7,500,000 4.04
6 AJAVA HOLDINGS PTY LTD 4,000,000 2.16
7 MR DERMOT MICHAEL RYAN + MRS VIVIENNE ELEANOR RYAN 3,666,667 1.98
8 MR BRUCE ROBERT LEGENDRE 3,548,500 1.91
9 OSSART HOLDINGS PTY LTD 3,000,000 1.62
10 PETER ERMAN PTY LIMITED 3,000,000 1.62
11 CITICORP NOMINEES PTY LIMITED 2,685,934 1.45
12 MR ROBERT WILMOT CREASY 2,506,904 1.35
13 ALL-STATES FINANCE PTY LTD 2,000,000 1.08
14 MICJUD PTY LTD 1,883,333 1.02
15 MR DERMOT MICHAEL RYAN + MRS VIVIENNE ELEANOR RYAN 1,669,237 0.9
16 MR CHRISTOPHER CLEGG + MRS TAMARA FRANCIS CLEGG 1,425,000 0.77
17 MR DERMOT MICHAEL RYAN + MRS VIVIENNE ELEANOR RYAN 1,254,237 0.68
18 MR PETER ROSS BILBE + MRS JANET CHRISTINE BILBE 1,200,000 0.65
19 MS LUCIANA CARLA DA SILVA 1,200,000 0.65
20 AM-AUSTRALIAN MINERALS EXPLORATION PTY LTD 1,184,200 0.64
Total top 20 Holders   109,466,710 59.02
Total Remaining Holders Balance   75,992,752 40.98

 

Suite 9, 12-14 Thelma Street,
WEST PERTH WA 6005
AUSTRALIA

PO Box 994
West Perth WA 6872

Phone: +61 8 9381 2808
Fax: +61 8 9321 6084
Email: [email protected]

Directors
Mr Terry Streeter – Non-Executive Chairman
Mr Dermot Ryan – Managing Director
Dr Jingbin Wang – Non-Executive Director
Mr Terry Wheeler – Non-Executive Director
Mr Patrick Holywell - Company Secretary & Chief Financial Officer


Registered Office
Suite 9, 12-14 Thelma St,
WEST PERTH WA 6005
AUSTRALIA

Telephone +61 8 93812808
Facsimile +61 8 93815545
Website: www.altometals.com.au
Email: [email protected]


Share Registry
Automic Registry Services
Level 2, 267 St Georges Terrace
Perth WA 6000

Telephone: 1300 288 664
Email: [email protected]


Auditor
Grant Thornton
Central Park, Level 43
152-158 St Georges Terrace
Perth WA 6850

Telephone +61 8 480 2000
Facsimile +61 8 9322 7787
Website: www.grantthornton.com.au
Email: [email protected]


Australian Securities Exchange
AME

 


Last updated 30th August 2018

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