Altair Secures Guyana’s Largest Gold Project with Resolute’s Strategic Backing

A Landmark Acquisition in Guyana’s Gold Sector

Altair Minerals Limited (ASX – ALR) has taken a decisive step to become a dominant player in Guyana’s gold exploration landscape by signing a definitive acquisition agreement for the Greater Oko Project. Covering an expansive 590 square kilometres, this project represents the largest contiguous gold exploration landholding in Guyana’s history, a country often described as the 'last El Dorado' due to its underexplored yet highly prospective greenstone belts.

The deal, completed ahead of schedule with shareholder approval and thorough due diligence, also welcomes Resolute Holdings Limited as a strategic investor. Resolute’s cornerstone investment of $2.04 million in the recent placement underscores confidence in Altair’s vision and the project’s potential.

Resolving Fragmentation to Unlock Potential

Guyana’s mining permits have historically been fragmented into small blocks of 1 to 5 square kilometres, held by multiple private parties, which has hindered large-scale exploration efforts. Altair’s acquisition consolidates these fragmented permits into a single, contiguous land package that spans a significant portion of the Oko Shear Zone; a geological feature analogous to prolific gold belts in West Africa.

This consolidation is not only rare but arguably irreplicable, positioning Altair uniquely to explore and potentially develop multiple gold deposits across this emerging greenstone belt. The project also includes access to an additional 3,000 square kilometres of permits through strategic partnerships with the vendor, further expanding Altair’s footprint.

Exploration Momentum and Strategic Team

Altair has wasted no time, already initiating the largest geochemical sampling program ever conducted on the Oko Shear, covering approximately 15 kilometres of strike. This program aims to generate high-priority drill targets, particularly at the South Oko prospect, which lies adjacent to multi-million ounce gold discoveries made by peers such as GMining Ventures and G2 Goldfields.

At North Peters, Altair plans to commence drilling in the first quarter of 2026 to follow up on historic mineralisation, which includes a non-JORC compliant inferred resource of 251,000 ounces at a high grade of 4.91 grams per tonne gold. Early drilling results have already indicated mineralisation extending beyond previous estimates, highlighting the prospect’s potential.

Altair’s leadership team, including CEO Faheem Ahmed and exploration experts with proven track records in Guyana, brings a blend of local insight and technical expertise. Their experience with major discoveries like the 10 million ounce Toroparu deposit lends credibility to Altair’s ambitious exploration plans.

Strategic Implications for Guyana’s Gold Sector

The Greater Oko Project acquisition signals a new chapter for gold exploration in Guyana. With political stability and geology akin to West Africa’s prolific Birimian Shield, Guyana has long been viewed as a frontier with untapped potential. Altair’s consolidation and aggressive exploration approach could catalyse further investment and discoveries in the region.

Moreover, the involvement of Resolute Holdings, a respected industry player, adds strategic weight and financial backing, potentially accelerating the project’s development timeline. As Altair advances its exploration programs, the market will be watching closely for assay results and drilling outcomes that could validate the project’s promise.