Altair Minerals Limited (ALR)

Overview

Altair Minerals Limited, originally formed as Cohiba Minerals Limited before undergoing a name change in May 2024, is a progressive exploration entity focused on the discovery and development of natural resources within Australia. With its inception in 2011, the company has firmly rooted itself in Melbourne, Australia, from where it oversees a diverse portfolio of mineral exploration projects. The scope of their exploration activities spans across several significant territories in Australia, with particular emphasis on the exploration of gypsum and copper - two commodities with substantial economic value and industrial applications. Through diligent exploration strategies and informed project acquisition, Altair Minerals Limited holds the promise of leveraging Australia's rich mineral landscape to deliver value to its stakeholders.

Products and Services

• Gypsum Exploration

  Under the company's expansive mineral exploration portfolio, gypsum exploration stands out as one of the primary activities. Gypsum, a mineral used in various industries such as construction (in drywall), agriculture (as soil conditioner), and manufacturing (in plaster), is extensively explored within the Pyramid Lake project. This project spans an impressive 112.66 square kilometers in Esperance, Western Australia, where Altair Minerals Limited holds a 100% interest, showcasing the company's commitment to securing and developing high-potential sites for gypsum extraction.

• Copper Exploration

  The exploration for copper represents a significant aspect of Altair Minerals Limited’s operations, reflecting the global demand for this versatile and highly conductive metal used extensively in electrical wiring, roofing, plumbing, and industrial machinery. The Wee MacGregor project, situated in the southeast of Mt. Isa, comprises three granted mining licenses, demonstrating the company's strategic approach to tapping into Australia's well-established copper resources. Furthermore, an 80% interest in the Olympic Domain Tenements, with eight exploration licenses covering an expansive 831 square kilometers in South Australia, positions the company as a notable player in the copper exploration domain.