InvestSMART

Altair Minerals Limited (ASX:ALR)

ALERT: Price-sensitive ASX Announcement for ALR
Current share price for ALR : $0.043 0.004 (10.26%)+
Announcement
Release
10 Aug 2026 9:48AM
Price at Release
$0.039
Full Release
download
Summary
Altair Minerals Limited has commenced a diamond drilling program at North Peters as part of its fully funded 75,000-meter Greater Oko exploration initiative. The drilling aims to define high-grade structural controls and improve the geological and structural model, with an initial focus on validating known mineralization over a 650-meter strike. Phase I of the drilling includes 5,600 meters of diamond drilling and 2,000 meters of RC drilling at North Peters, targeting potential extensions and priority areas for follow-up. The program is part of a larger exploration effort in the Guyana's Guiana Shield, believed to hold significant gold potential. The company is prepared to scale operations depending on initial results and intends to use updated models from Phase I for subsequent Phase II extensions.
Key Points
  • Diamond drilling has commenced at North Peters.
  • Part of a fully funded 75,000m Greater Oko exploration program.
  • 5,600m diamond and 2,000m RC drilling planned for Phase I.
  • Focus on validating known mineralisation over a 650m strike.
  • Program aims to improve geological and structural models.
  • Potential extensions and priority areas for follow-up identified.
  • Guyana's Guiana Shield is a significant gold potential site.
  • Altair plans to scale operations based on initial results.
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.