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Altair Minerals Ltd ASX:ALR

1 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

19 Apr 2026 to today

Commentary 2 comments

DateManagerActionSummary

3 May 2026Seneca Financial SolutionsInitiatedSeneca Financial Solutions initiated a position in Altair Minerals Ltd because the company holds Guyana's largest gold exploration project — a 592 square kilometre land package along the same Oko shear zone as GMining Ventures' 5.9 million ounce Oko West project and G2 Goldfields' 3.2 million ounce deposits — with the first drilling at South Oko underway. Seneca Financial Solutions notes that Endeavour Mining, West Africa's largest gold miner, recently took a 9.9% stake for A$28 million, which the fund interprets as significant competitive tension and potential for a strategic acquisition outcome. The fund originally covered the stock for its subscription research service at 2 cents per share.

Gold ExplorationArticle, price recorded $0.04

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30 Apr 2026Seneca Financial SolutionsHeldThe manager continues to hold Altair Minerals because the exploration company rose sharply after announcing commencement of a 30,000-metre inaugural drilling campaign along strike from G Mining Ventures and G2 Goldfields, both of which have delineated tier-one, multi-million-ounce gold deposits adjacent to Altair's project area. In a flurry of corporate activity during April, G Mining Ventures acquired G2 Goldfields at a 72% premium before Endeavour Mining, West Africa's largest gold miner, acquired a strategic 9.9% stake in Altair at a premium to market prices.

Gold ExplorationMonthly Report, price recorded $0.04

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on ALR.

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About Altair Minerals Ltd

Materials, Metals and Mining

Altair Minerals (ASX:ALR), a gold explorer in Guyana, is held by Seneca Financial Solutions. In May 2026, Seneca highlighted Altair as a roughly $250 million company holding Guyana's largest gold exploration project, covering a 592 square kilometre land package. In April 2026, Seneca reported Altair, one of two exploration companies in its portfolio, rose sharply after announcing the start of a 30,000-metre drilling program. Altair Minerals operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Seneca Financial Solutions. Headquartered in Perth, Altair Minerals explores for gold and other minerals, focused on a large gold exploration project in Guyana's prospective Guiana Shield, a region that hosts major gold mines, alongside other exploration interests, and is drilling to define resources across its extensive tenement package.

Market cap: $197m
Price to earnings: Loss-making
Return on equity: -6.7%
Dividend yield: 0.0%
Price to book: 11.85x
52-week range: $0.02 to $0.06

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Altair Minerals Ltd (ASX:ALR)?

Fund managers including Seneca Financial Solutions have invested in Altair Minerals Ltd (ASX:ALR).

What opportunities or catalysts do fund managers highlight for Altair Minerals Ltd?

Seneca highlights Altair's large Guyana gold project and a 30,000-metre drilling program that could define a significant resource.

What are the key risks to the Altair Minerals Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though Altair is an explorer dependent on drilling success, with sovereign risk in Guyana.

What does Altair Minerals Ltd (ASX:ALR) do?

Altair Minerals Ltd. is an exploration company focused on precious metals, lithium, cobalt, and other minerals. Its projects include Olympic Domain, Pyramid Lake, and Wee Macgregor. Founded on 28 January 2011, the company is headquartered in Melbourne, Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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