Diamond Drilling Underway at North Peters

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Stock Altair Minerals Ltd (ALR.ASX)
Release Time 10 Aug 2026, 9:48 a.m.
Price Sensitive Yes
 Altair Minerals Commences Diamond Drilling at North Peters
Key Points
  • Diamond drilling has commenced at North Peters, marking the start of Phase I of the Greater Oko exploration program.
  • Phase I aims to complete approximately 22,600m of drilling, including 5,600m of diamond and 2,000m of RC drilling at North Peters.
  • Historic drilling at North Peters has shown broad and high-grade mineralization, with potential for significant extensions.
Full Summary

Altair Minerals Limited has commenced diamond drilling at North Peters, marking the beginning of Phase I of its fully funded 75,000m Greater Oko exploration program. Phase I aims to complete approximately 22,600m of drilling, comprising 5,600m of diamond and 2,000m of Reverse Circulation (RC) drilling at North Peters. The drilling is designed to validate historic mineralized zones, test geological and structural controls, and refine the geological model to guide future exploration. RC drilling at North Peters is expected to start next week, while at South Oko, RC drilling is anticipated to begin this month. The program also includes 15,000m of RC drilling at South Oko. Altair's exploration strategy includes potential extensions along strike and regionally, with the possibility of introducing additional drill rigs in Q4, subject to results and operational requirements.

Outlook

Altair Minerals anticipates that the exploration program will provide significant insights into the potential of the North Peters deposit and its extensions, with the potential to identify additional high-grade mineralization.