HD 138965 is a young A type star and member of the nearby young Argus association. This star is surrounded by a broad, bright debris disc with two temperature components that was spatially resolved at far-infrared wavelengths by Herschel. Here we present ALMA millimetre-wavelength imaging of the cool outer belt. These reveal its radial extent to be 150−7+10 au with a width (σ) of 49−6+7 au (ΔR/R = 0.77), at a moderate inclination of 49\fdeg9^{+3.3}{-3.7}.Duetothelimitedangularresolution,signal−to−noise,andinclinationwehavenoconstraintonthedisc′sverticalscaleheight.Wemodelledthediscemissionwithbothgravitationalandradiationforcesactingonthedustgrains.Astheinnerbelthasnotbeenspatiallyresolved,wefixeditsradiusandwidthpriortomodellingtheouterbelt.Wefindastronomicalsilicateisthebestfitforthedustcomposition.However,wecouldnotrejectpossiblescenarioswherethereareatleast10%water−iceinclusions.CombiningthespatiallyresolvedimagingbyALMAwithnon−detectionatopticalwavelengthsbyHST,weobtainalimitonthescatteringalbedoω\leq 0.09forthedebrisdustintheouterbelt.Analysisoftheouterbelt′sarchitectureinconjunctionwithsimplestirringmodelsplacesamasslimitof2.3~\pm~0.4 M{\rm Jup}onacompanioninteriortothebelt(a \leq 78$ au), a factor of two improvement over constraints from high contrast imaging.