The share price of junior Alt Resources fell by nearly 9% on Friday after the company announced that it’s A$4.5-million funding plan for its Bottle Creek gold project, in Western Australia, had disintegrated.
Alt told shareholders on Friday that the proposed convertible note funding package with Collins Street Value Fund will not proceed, with the company now assessing alternative funding sources for the Mt Ida and Bottle Creek projects, including small-scale toll treatment mining operations.