Summary
Altair Minerals Limited (ALR) FAQ
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Altair Minerals Limited Profile
| Metals & Mining Industry | Materials Sector | Faheem Ahmed CEO | ASX Exchange | AU0000333676 ISIN |
| AU Country | - Employees | - Last Dividend | 2 Dec 2014 Last Split | - IPO Date |
Overview
Altair Minerals Limited is a company that specializes in the exploration of natural resources within Australia. Originally established in 2011 and initially known as Cohiba Minerals Limited, it underwent a name change to Altair Minerals Limited in May 2024. This rebranding reflects the company's evolving identity and its broadened focus within the natural resources sector. Altair Minerals Limited dedicates its efforts to identifying and assessing the potential of gypsum and copper deposits across its leased territories. The company boasts a significant presence in the industry, with a strategic portfolio of projects that cover vast areas in Esperance, South Australia, and southeast of Mt. Isa. Its headquarters are situated in Melbourne, Australia, serving as the central hub for its operations and business activities.
Products and Services
- Pyramid Lake Project
Located in Esperance, Western Australia, the Pyramid Lake project encompasses an area of 112.66 square kilometers. Altair Minerals Limited has a 100% interest in this project, reflecting the company's commitment to exploring and potentially developing gypsum deposits within this region. This project is a cornerstone of Altair's portfolio, illustrating its strategic approach to resource exploration.
- Wee MacGregor Project
Comprising three granted mining licenses, the Wee MacGregor project is situated southeast of Mt. Isa. This project represents an essential part of the company's efforts in exploring copper deposits. The site's location and the extent of licensure underline Altair Minerals Limited's thorough exploration capabilities and its strategic placement within the copper exploration sector.
- Olympic Domain Tenements
Another significant venture under Altair's umbrella, the Olympic Domain Tenements consist of eight exploration licenses covering an expansive area of 831 square kilometers located in South Australia. The company holds an 80% interest in these tenements, showcasing its substantial stake and belief in the potential of these sites for both gypsum and copper exploration. This vast project highlights Altair Minerals Limited's strategic investments and its commitment to pursuing significant exploration projects within Australia.
