Alto Metals Limited reported further gold results from drilling at the Indomitable Camp, within the Company's 100% owned, Sandstone Gold Project, in Western Australia. RC drilling at Indomitable was designed to both follow up on a high-grade structure identified from previous drilling outside the resource to the north west and test strike extensions of the existing mineralisation. New assay results in this release are from one-metre photon assays relating to 40 RC holes drilled at Indomitable comprising a mix of 40x40m spacing, 80m step out and three 20x20m holes, for a total of 5,442m at an average downhole depth of 136m.

The intersection in hole SRC853 highlights the continuity of the high-grade structure intersected in previous drilling. These north-south trending stratigraphic units have a width of 50-100m and are developed as sub-vertical high grade mineralised structures. This structure also hosts previous high-grade intersections such as 10m @ 3.2 g/t gold from 69m (SRC687) and 15m @ 3.8 g/t gold from 44m, incl.

2m @ 18.0 g/t gold from 49m (SRC 626) located 20m to the north and south of SRC853 respectively. Extensional drilling west of Indomitable has intersected shallow gold including SRC819, 824 and 849, which have extended mineralisation further to the west and remains open. At the southern extent of Indomitable, extensional drilling on 80m spacing, has intersected broad zones of oxide gold mineralisation, extending the mineralised footprint south.

SRC847 drilled farthest to the west on the southern line, returned 29m @ 1.0 g/t gold from 69m, incl 7m @ 2.2 g/t gold and mineralisation remains open to the south. Alto's drilling program for CY2022 as continues to focus on both resource growth and testing priority regional targets, including: ~4,800m of RC drilling on 40m spacing has been completed at Indomitable East following up on the previously announced 80m spaced drilling, assays are currently pending. This drilling was completed as part of the updated mineral resource work, with a maiden resource planned for Indomitable East where mineralisation is currently defined over 1km of strike.

First pass ~2,000m RC drilling program is underway at the historic high-grade Oroya Mine which produced 220,000oz at 16.5 g/t gold from underground mining between 1904-1920 and a further ~25,000oz at 2.3 g/t gold from open pit mining from 1994-1995. A soil sampling program has been completed over Sandstone North, as part of the regional Sandstone exploration program, and is with Portable PPB for analysis with detectORETM technology. The updated mineral resource is anticipated to be completed by the March quarter 2023 and will include the follow up drill results from Lord Nelson and Juno and results from the ongoing infill and extensional program at Indomitable, including a maiden resource for Indomitable East and Musketeer.