ALR – Altair Minerals | Aussie Stock Forums

On May 17th, 2024, Cohiba Minerals Limited (CHK) changed its name and ASX code to Altair Minerals Limited (ALR).

Close, but ……. stubbed out

Binding Heads of Agreement to Acquire Transformational Gold Project in Guyana​

World class and advanced exploration opportunity adjoining two prolific discoveries andplacing Altair as the premier gold explorer in the country.
▪ Altair to acquire up to 70% interest in the Greater Oko Project in Guyana comprising of 592km2 of permits with potential scope to increase up to ~3,500km2, spearheading Altair to the most dominant gold explorer in the Country.
▪ Greater Oko sits along strike and shares the same Oko Shear Zone to the two recent discoveries of G2 Goldfields ($810M Market Capitalisation) and GMIN ($1B Takeover of Reunion Gold). Altair’s Greater Oko Project adjoins and positioned only 1.5km from GMIN’s 5.9Moz @ 2.20g/t Au discovery.
▪ Altair’s Greater Oko also hosts an exceptional high-grade NI-43-101 inferred resource of 251koz @ 4.91g/t Au, from 109 auger holes (max depth of 30m). This resource is Non-JORC Compliant and considered a Foreign Resource Estimate.

▪ In last 3-years, 9 million ounces of gold has been delineated from maiden greenfield exploration within initial 5km of the Oko Shear. Altair’s Greater Oko Project covers a robust 15km strike length of the Oko Shear – adjoining the same structure hosting GMIN’s 5.9Moz @ 2.20g/t Au discovery.
▪ The Greater Oko Project sits 1.5km away from Oko West Discovery: 5.9Moz @ 2.20g/t Au, purchased for $1Billion by GMIN, 3.5km away from OMZ & Ghanie Discovery: 3.0Moz @ 4.27g/t Au, $810Million Market Cap, Along strike and sharing the same structure as these discoveries. Adjoining GMIN’s Oko West
▪ The Vendor of The Greater Oko Project permits are Adamantium Exploration Inc. Adamantium Exploration Inc. is part of a Guyanese conglomerate, whereby the shareholders of Adamantium have been associated in discoveries of over 16Moz Au in Guyana.
▪ Altair becomes the third company in history to ever explore this globally emerging greenstone shear zone. However, Altair has control of the greenstone belt and has 3x the shear strike responsible for the initial 9Moz Au of discoveries to date.