Takeover target Alto Metals has reported a 60% increase to the resource estimate of its Lord Nelson deposit, at the Sandstone gold project, in Western Australia.
A Joint Ore Reserves Committee compliant mineral resource of 1.8-million tonnes, grading 1.9 g/t gold for 109 000 oz of gold has now been estimated for the Lord Nelson deposit, an increase of 41 000 oz on the previous resource estimate.