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Altair Minerals Limited (ASX:ALR)

ALERT: Price-sensitive ASX Announcement for ALR
Current share price for ALR : $0.050 0.021 (72.41%)+
Announcement
Release
16 Jul 2026 9:38AM
Price at Release
$0.029
Full Release
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Summary
Altair Minerals Limited announced a substantial and fully funded exploration strategy at Greater Oko, including a 75,000m drill program covering SOKO, North Peters (NP), and new regional targets like Kmung, Mara-Mara, and East Puruni. The initiative aims to uncover multiple world-class discoveries and involves both reverse circulation (RC) and diamond drilling. Altair has secured additional drilling equipment and personnel to support the extended campaign, which is part of a broader strategy to enhance geological interpretation and operational readiness. The focus at SOKO and NP is on validating and expanding existing mineralized systems, while new targets will be developed to support long-term exploration efforts.
Key Points
  • Upscaled exploration plans involving 75,000m of drilling.
  • Focus on SOKO, NP, Kmung, Mara-Mara, and East Puruni.
  • Plans include 20,000m diamond and 25,000m RC drilling at SOKO.
  • NP will have 10,000m diamond and 5,000m RC drilling.
  • New regional targets receive 10,000m diamond and 5,000m RC drilling.
  • Altair is fully funded for the exploration campaign.
  • Expansion includes additional drilling rigs and geological personnel.
  • The campaign aims to validate current mineralization and explore new targets.
  • Altair's strategic goal is to discover world-class mineral deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.