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Alkane Resources Limited - Special Call

2022-05-29 23:49:00

Alkane Resources Limited - Special Call

Alkane Resources Limited - Pre Recorded Special Call

2022-05-29 23:49:00

To discuss the Boda Resource

Alkane Resources Limited Announces Boda Resource Estimate of Approx 10.1M Gold Eq Ounces

2022-05-29 23:47:00

Alkane Resources Limited announced the initial Boda resource following its extensive drilling program at the Company's Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. Highlights: The initial Inferred Mineral Resource for the Boda Deposit has been estimated at 624Mt grading at 0.51g/t AuEq* for 10.1 MEqoz (5.21Moz Au, 0.90Mt Cu); the estimate is based on approximately 71,400 metres of drilling using a 0.3g/t gold equivalent (AuEq*) cutoff deemed appropriate for potential open cut mining; this includes a sub-component for the potential use of bulk-tonnage underground mining using a cutoff grade of 0.4g/t AuEq* of: 353Mt grading at 0.63g/t AuEq* for 7.1 MEqoz (3.72Moz Au, 0.62Mt Cu); drilling continues to define the overall system with extensions being tested south of Boda at Boda Two and northwest of Boda towards Kaiser, in addition to infill drilling of the Inferred Resource. The deposit remains open at depth and along strike to the south and along strike to the north-west within the Boda intrusive corridor; preliminary metallurgical study indicated potential for two stage ore processing; the first stage would produce a copper-gold concentrate for immediate sale and the second stage produce gold bullion from a cyanide leach; preliminary recoveries are 85% for gold, copper and silver; drilling for the purpose of estimating an initial shallow Inferred Mineral Resource at Kaiser, located 700m north-west of Boda, is nearing completion with a resource estimation expected in Fourth Quarter 2022. Northern Molong Porphyry Project (NMPP): Alkane Resources Ltd. 100%. The Project is located in central west NSW at the northern end of the Molong Volcanic Belt of the Macquarie Arc and is considered highly prospective for large scale porphyry and epithermal gold-copper deposits. Exploration in the NMPP has identified five discrete magnetic/intrusive complexes Kaiser, Boda, Comobella, Driell Creek and Finns Crossing within a 15km northwest trending corridor. The corridor is defined by intermediate intrusives, lavas and breccias, extensive alteration and widespread, low-grade, gold-copper mineralisation. Since the discovery of Boda in late-2019, a significant campaign of RC and diamond core drilling commenced. The drilling campaign was designed to test the dimensions and extensions of the mineralisation at Boda for the purposes of a maiden resource estimation. In addition to testing other known gold-copper mineralisation occurrences and geophysical anomalies within the 15 km intrusive corridor that extends from Boda Three to Finns Crossing. Boda Initial Mineral Resource: The initial Inferred Mineral Resource estimation for the Boda deposit was confined to a surface area of 1,000m strike length and 500m width. The estimation uses nominal drill hole grid of 100m by 50m to depths averaging approximately 1,000m. It utilises assay results captured from 83 drill holes of a combined 52,390 metres of diamond core and 19,041 metres of RC drilling. The resource was calculated to an average -500mRL. A review of feasibility and existing operating data for similar deposits in Australia was considered in determining cutoff grades of 0.3g/t AuEq and 0.4g/t AuEq as reasonable for the prospect of eventual extraction with the use of bulk tonnage mining methods of open cut or underground respectively. The Mineral Resource will be subject to further resource infill and extension drilling with a view to define the continuity of the mineralisation at depth and to improve the confidence in the Mineral Resource. Exploration Upside at Boda: The Mineral Resource estimation was calculated to the -1000mRL in its deepest drilled sections, with the bulk of the resource modelled on average to the -500mRL. There remains potential for further extensions to the main zones of mineralisation. In particular, to the north-west where the system appears to plunge in this direction and mineralisation observed within the breccias are zoning to more bornite and silica dominant. Infill drilling at Boda will improve the confidence of the resource estimation and continue to define the higher-grade sulphide cemented breccias. Other exploration targets include areas immediately along strike north-west of Boda towards and including the Korridor prospect where significant RC drill hole intercepts include BOD065 64m grading 0.43g/t Au, 0.12% Cu from 174m to end of hole. The Boda Two prospect is adjacent and south of Boda, where the mineralisation appears to rotate from a northwest trend at Boda to a northerly trend at Boda Two. Boda Two includes a poorly defined distal zone of phyllic pyrite-gold alteration with a significant drill hole intercept of KSDD022 292m grading 0.66g/t Au from 867m. This is in addition to the proximal and extensive gold-copper calc-potassic alteration intersected by broadly spaced drilling, including significant intercepts of KSDD033 995m grading 0.19g/t Au, 0.12% Cu from 322m. Exploration around the Boda-Kaiser area has defined a 3.5km corridor of extensive calc-potassic alteration associated with Au-Cu porphyry mineralisation. The corridor trends north from Boda Three to Boda for approximately 1km, where it rotates to northwest from Boda to Kaiser for a further 2.5km. Drilling for the purposes of estimating an initial mineral resource is nearing completion at Kaiser and the estimation is expected in the Fourth Quarter 2022. Other exploration is focused on defining higher grading centres within the 3.5km intrusive corridor as well as extending the known alteration northwest of Kaiser.

Alkane Resources Limited Announces the Final Set of Results from Its Initial Resource Drilling Program At the Boda Prospect in Central New South Wales

2022-03-29 22:09:00

Alkane Resources Limited announced the final set of results from its initial resource drilling program at the Company's Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (Tomingley). Northern Molong Porphyry Project (NMPP): The Project is located in central west NSW at the northern end of the Molong Volcanic Belt of the Macquarie Arc and is considered highly prospective for large scale porphyry and epithermal gold-copper deposits. Exploration in the NMPP has identified five discrete magnetic/intrusive complexes - Kaiser, Boda, Comobella, Driell Creek and Finns Crossing - within a 15km northwest trending corridor. The corridor is defined by intermediate intrusives, lavas and breccias, extensive alteration and widespread, low-grade, gold-copper mineralisation. A major RC and diamond core drilling program commenced in July 2020, designed to test the dimensions and extensions to the large low-grade mineralised envelope as well as any internal high-grade zones at Boda. In addition, the drill program is testing other known gold-copper mineralisation occurrences and co-incident IP anomalies within the 15 km monzonite intrusive corridor that extends from Boda Three to Finns Crossing. Assays were received from the drilling designed to assist with the estimating a maiden resource at Boda, comprising the final three RC drill holes and seven diamond core drill holes for a total of 7,133 metres. Boda Prospect: The Boda gold-copper porphyry system is a series of near vertical, northwest striking, intrusive related breccias hosted within a thick sequence of shallowly east dipping andesite lavas. These magmatic breccias tend to hydrothermal with a matrix comprising of calcite-quartz ± actinolite ± magnetite ± chalcopyrite ± pyrite, zoning to higher gold-copper grade when associated with a chalcopyrite ± pyrite dominant cement. Drilling was recently completed testing the higher-grade, northwest trending mineralisation at Boda with 50m spaced southwest orientated drilling traverses with nominal 100m spaced drill holes. The drilling has defined gold-copper mineralisation centred over a 500m by 300m vertically extensive intrusive monzodiorite breccia stock, within a larger mineralised alteration zone. Assay results were recently received for three RC drill holes (918 metres) and seven diamond core drill holes including a diamond tail of previously announced KSRC040 (6,215 metres) for a total of 7,133 metres. Significant intercepts from the drilling include: BOD072 2m grading 4.51g/t Au, 0.13% Cu from 179m and 529m grading 0.31g/t Au, 0.04% Cu from 334m (gold flanking zone) incl 1m grading 8.45g/t Au, 0.06% Cu from 557m also 4m grading 2.77g/t Au, 0.19% Cu from 825m and 11m grading 0.23g/t Au, 0.16% Cu from 1,014m and 19.7m grading 0.23g/t Au, 0.15% Cu from 1,238m; BOD076 114m grading 0.33g/t Au, 0.12% Cu from 337m incl 19m grading 0.91g/t Au, 0.24% Cu from 342m incl 3.2m grading 2.22g/t Au, 0.46% Cu from 351.8m and 11m grading 0.20g/t Au, 0.11% Cu from 667m and 32m grading 0.38g/t Au, 0.17% Cu from 785m; BOD077 664m grading 0.23g/t Au, 0.11% Cu from surface incl 163m grading 0.30g/t Au, 0.05% Cu from surface (gold flanking zone) also 2m grading 0.61g/t Au, 1.00% Cu from 229m also 2.2m grading 0.78g/t Au, 1.06% Cu from 393.8m als 30m grading 0.54g/t Au, 0.16% Cu from 506m; BOD081 53m grading 0.29g/t Au, 0.09% Cu from 256m incl 2m grading 1.35g/t Au, 0.23% Cu from 272m and 143m grading 0.24g/t Au, 0.18% Cu from 365m incl 25m grading 0.61g/t Au, 0.42% Cu from 467m and 118m grading 0.21g/t Au, 0.10% Cu from 562m and 122.8m grading 0.16g/t Au, 0.16% Cu from 790m; BOD082 313m grading 0.20g/t Au, 0.10% Cu from surface and 14m grading 0.56g/t Au, 0.21% Cu from 387m and 15m grading 2.09g/t Au, 0.11% Cu from 460m incl 2.6m grading 12.0g/t Au, 0.66% Cu from 471.4m and 23m grading 0.25g/t Au, 0.08% Cu from 652m and 10.2m grading 0.41g/t Au, 0.13% Cu from 744m; BOD088 66m grading 0.51g/t Au, 0.37% Cu from 157m incl 4m grading 1.37g/t Au, 2.17% Cu from 172m.

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation at the Company's Boda Prospect in Central New South Wales

2021-12-16 21:19:00

Alkane Resources Limited announced intersection of further high-grade mineralisation at the company's Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold- copper system, within the Northern Molong Porphyry Project, which the company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (Tomingley). Gold-copper mineralisation is now outlined over a 3km strike length from Boda Three to Kaiser. Drilling is testing Boda Two, Boda Three, the area between Boda and Kaiser (Korridor Prospect) and other regional targets within the Northern Molong Porphyry Project (NMPP). Drilling at Boda is on a nominal 50m x 100m drill hole grid sequence for the purpose of calculating a maiden resource estimation for Boda in first quarter of 2022. At Boda significant results included: BOD059 906.7m grading 0.45g/t Au, 0.18% Cu from 309m. incl 219m grading 0.28g/t Au from 309m (gold only flanking zone). Also 672.7m grading 0.51g/t Au, 0.23% Cu from 543m. incl 115m grading 1.98g/t Au, 0.53% Cu from 864m. incl 2.8m grading 13.0g/t Au, 1.59% Cu from 901.5m. Also 33m grading 4.06g/t Au, 1.29% Cu from 946m. Incl 6m grading 11.2g/t Au, 1.81% Cu from 968m. KSDD043; 927m grading 0.31g/t Au, 0.16% Cu from 159m. incl 157m grading 0.31g/t Au from 159m (gold only flanking zone), also 754m grading 0.31g/t Au, 0.19% Cu from 332m, incl 74.7m grading 0.92g/t Au, 0.36% Cu from 680m, incl 12m grading 3.01g/t Au, 0.65% Cu from 732m, also 38m grading 0.60g/t Au, 0.79% Cu from 875m, incl 9m grading 1.04g/t Au, 1.40% Cu from 839m, also 6m grading 1.26g/t Au, 0.12% Cu from 1080m, KSDD044 302m grading 0.38g/t Au, 0.14% Cu from 212m, incl 60m grading 0.84g/t Au, 0.34% Cu from 298m and 141m grading 0.23g/t Au, 0.16% Cu from 723m At the previously untested northwest trending 800m long Korridor Prospect between the Boda and Kaiser results also identified porphyry type gold-copper mineralisation: BOD065 64m grading 0.43g/t Au, 0.12% Cu from 174m to end of hole, incl 8m grading 1.42g/t Au, 0.28% Cu from 205m, BOD066 226m grading 0.25g/t Au, 0.10% Cu from 12m to end of hole, incl 6m grading 1.06g/t Au, 0.30% Cu from 114m, also 6m grading 1.58g/t Au, 0.11% Cu from 189m. Boda Two and Boda Three prospects are defined by a 1,100m by 500m coincident gold- copper soil and magnetic high footprint with separate conductive IP anomalies. Drilling continues to confirm extensive gold-copper mineralisation, with significant intercepts of: KSDD048 42m grading 0.40g/t Au, 0.21% Cu from 179m, incl 6m grading 1.67g/t Au, 0.73% Cu from 196m and 36.4m grading 0.43g/t Au, 0.15% Cu from 280.6m, incl 1m grading 3.58g/t Au, 0.22% Cu from 313m, and 152.3m grading 0.12g/t Au, 0.11% Cu from 399m, and 43.7m grading 0.38g/t Au, 0.21% Cu from 581m and 20.8m grading 0.18g/t Au, 0.14% Cu from 667.2m and 43m grading 0.41g/t Au, 0.21% Cu from 737m and 43.7m grading 0.38g/t Au, 0.21% Cu from 581m incl 11m grading 1.03g/t Au, 0.47% Cu from 743m and 14m grading 0.60g/t Au, 0.21% Cu from 1300m Further drill hole traverses are planned to test the Boda mineralisation footprint for an additional 100 metres to the northwest where visually encouraging mineralisation was intersected. The Kaiser Prospect and its Duke Zone is estimated from drilling to be approximately 250m wide and striking over 800m. A 13,000m RC drilling program using a 100m x 100m drill hole grid sequence to 300m vertical depth is planned to commence in January for the purpose of a shallow resource estimation. The mineralisation at Korridor connects the gold-copper mineralisation mapped at Kaiser to the Boda Prospect, demonstrating the 15km northwest structural corridor as a fertile transverse zone for porphyry mineralisation emplacement. BOD065 and BOD066 both ended in mineralisation and extending these holes with a diamond core tail is in progress.

Alkane Resources Limited Announces Latest Drill Results from Boda Prospect in Central New South Wales

2021-10-21 22:31:00

Alkane Resources Limited announced its latest drill results from the Company's Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. The Project is located in central west NSW at the northern end of the Molong Volcanic Belt of the Macquarie Arc and is considered highly prospective for large scale porphyry and epithermal gold-copper deposits. Exploration in the NMPP has identified five discrete magnetic/intrusive complexes - Kaiser, Boda, Comobella, Driell Creek and Finns Crossing - within a 15km northwest trending corridor. The corridor is defined by intermediate intrusives, lavas and breccias, extensive alteration and widespread, low-grade, gold-copper mineralisation. A major RC and diamond core drilling program commenced in July 2020 and was designed to test the dimensions and extensions to the large low-grade mineralised envelope as well as any internal high-grade zones at Boda. In addition, the drilling is testing other known gold-copper mineralisation occurrences and co-incident IP anomalies within the 15km monzonite intrusive corridor that extends from Boda Three to Finns Crossing. Assays were received from the current drilling program testing Boda, Boda Two, Boda Three, Kaiser and other regional targets comprise of 11 RC drill holes and 8 diamond core holes for a total of 12,394 metres. Boda Prospect: The Boda gold-copper porphyry system is a series of near vertical, northwest striking, intrusive related breccias hosted within a thick sequence of shallowly east dipping andesite lavas. These magmatic breccias tend to hydrothermal in nature with a matrix comprising of calcite-quartz ± actinolite ± magnetite ± chalcopyrite ± pyrite, zoning to higher gold-copper grades when associated with a chalcopyrite ± pyrite dominant cement. The breccias are truncated by late-mineral monzonite intrusives associated with quartz + chalcopyrite veining and post-mineral dolerite and dacitic dykes. Recent drilling has indicated that the northeast shoulder of the Boda gold-copper mineralisation has a shallow blanket of epithermal gold mineralisation associated with colloform quartz-carbonate veining and abundant pyrite. The epithermal gold mineralisation often includes very high gold grades (KSDD042 - 1m grading 9.38g/t Au from 281m). Drilling continues to focus on testing the northwest trending mineralisation at Boda with 50m spaced southwest orientated drilling traverses with nominal 100m spaced drill holes. Drill hole assays for three RC drill holes and four diamond core drill holes for a total of 5,322 metres were received. The Boda prospect is being tested along southwest trending traverses spaced 50m apart with nominal 100m spaced drill holes to determine the strike and dip extensions of the northwest trending Boda mineralisation. At least four mineralised intrusive breccias have now been identified central to the Boda system that remains open along strike. The current program continues to improve confidence for a maiden resource estimation, expected in the first quarter of 2022. Planned trial downhole electromagnetic surveying has been further delayed to late 2021 due to continuous border closures.

Alkane Resources Limited - Shareholder/Analyst Call

2021-10-18 09:09:00

Annual General Meeting

Alkane Resources Limited, Annual General Meeting, Nov 17, 2021

2021-09-22 08:41:00

Alkane Resources Limited, Annual General Meeting, Nov 17, 2021, at 10:30 W. Australia Standard Time. Agenda: To consider the re-election and appointment of directors: to consider adoption of remuneration report; to consider approval of the grant of performance rights to the managing director; to consider approval of the grant of performance rights to the technical director; and to consider other matters.

Alkane Resources Limited Announces Near Mine Expl At Tomingley Delivers Significant Intercepts

2021-09-15 22:36:00

Alkane Resources Limited announce the latest exploration results for drilling in the region around the Company's Tomingley Gold Operations (Tomingley) in Central New South Wales. The Tomingley Gold Project (TGP) covers an area of approximately 440km2 stretching 60km north-south along the Newell Highway; from Tomingley in the north, through Peak Hill and almost to Parkes in the south. The TGP contains Alkane's currently operating Tomingley Gold Operations (Tomingley), an open pit mine and underground operation with a 1Mtpa processing facility. Over the past three years Alkane has conducted an extensive regional exploration program that led to the definition of Resources at the Roswell and San Antonio prospects. These are: Alkane has continued consultation with its key stakeholders, including landholders and regulators, in relation to development plans at the TGP. The Company has begun to develop an exploration drive from Wyoming One underground mine to the Roswell deposit. The Company has also prepared detailed plans for both open-cut and underground mines beneath Roswell and San Antonio that extends the TGO mine's life to at least 2031. This current plan shows the production of approximately 745,000 ounces of gold with processing ramping to a 1.5 million tonne per annum feed rate. With detailed plans and initial consultation now complete, the Environmental Impact Statement is being prepared for submission in the December quarter. The expected timing of Project Approval is mid- 2022. Regional exploration drilling has continued in amongst major resource drill outs of Roswell and San Antonio, testing McLeans, Myalls United, El Paso, Glen Isla and Tomingley Two prospects which are all located within 7km of the TGO processing facility. Mine development sterilisation air-core drilling was completed over planned infrastructure locations, identifying the Plains Prospect, approximately 600m east of the Roswell pit design and east of any planned works. Drilling also commenced on infilling the Roswell Inferred Resources and testing depth extensions to the mineralised structures beneath the estimated resource. As part of the recent program, final assay results were received from 373 air-core (AC) drill holes for a total of 28,595 metres, and 26 reverse circulation (RC) drill holes and 13 diamond core (DD) drill holes were completed for a total of 13,073 metres.

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project

2021-09-06 22:21:00

Alkane Resources Limited reports Ore Reserves and Mineral Resources for the Tomingley Gold Project (TGP) which includes the Tomingley Gold Operations (Tomingley or TGO) and the Peak Hill Gold Project (PHGP) as at 30 June 2021 in accordance with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). All projects are located within the Central West region of New South Wales. At TGO, open pit mining continued through to early 2019 before the operation transitioned to underground mining. Low grade ore stockpiles were initially processed until underground ore became available in early 2020. Late in financial year 2021 a cut back in the Caloma open pit was initiated based on improved gold prices earlier in the year. Resources and Reserves have been estimated for the Roswell and San Antonio deposits (together the Tomingley Gold Extension Project or TGEP) and these are included with the TGP. An initial Resource estimation was compiled for the PHGP in October 2019 and is included in the statement. TGO is operated on a residential basis with personnel residing in Dubbo, Narromine and Parkes, in the Central West of New South Wales. Alkane has governance arrangements and internal controls in place with respect to its estimates of Mineral Resources and Ore Reserves and the estimation process within the Tomingley Gold Operations and evaluation projects, such as the Peak Hill Gold Project, including: oversight and approval of each annual statement by the Technical Director; establishment of internal procedures and controls to meet JORC Code 2012 compliance in all external reporting; independent review of new and materially changed estimates; annual reconciliation with internal planning to validate reserve estimates for operating mines; and Board approval of new and materially changed estimates. Tomingley has been operating since January 2014 and consequently the geology, mineralisation style, metallurgy, recovery, mining parameters and modifying factors have previously been well documented and reported. To ensure the resources have `reasonable prospects of eventual economic extraction', the open pittable resources have been restricted by an indicative optimised pit shell, estimated at a gold price of AUD 2,000 per ounce with the potential open pittable component assessed at 0.5g/t gold cut-off. The underground resource is restricted to material below the current final pit design, below the high stope level currently designed, with potential for eventual extraction by underground mining methods assessed at 1.3g/t gold and a gold price of AUD 2,250 per ounce. As with the open pit resource the estimate was based on a block count method of all material above the cut-off grade. The constraints used are based on all material below current open pit surface +1.3 g/t but below the top RL of current UG stope designs which is in this case below the 180mRL. As with the Mineral Resource estimates, Open Pit Ore Reserves include the previously designed Caloma north-east cut-back in the production plan. All other reserve estimates remained unchanged and were reported in the ASX Announcement of 23 September 2019. Full details and JORC tables were included in those announcements and the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement, and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which any Competent Person's findings are presented have not been materially modified from the original market announcement. The open pit ore reserves for Caloma One are based on the latest site operating information. This includes: EOM December 2018 survey surface which delineates completion of previous open pit mining activity; latest grade control and resource block models; pit designs based upon review by geotechnical consultants; and Life of Mine cost and revenue models for the operation. An initial estimate of Underground Ore Reserves was completed in 2018 at a 2.50g/t Au and was reported in ASX Announcements of 4 and 11 June 2018. Underground development commenced mid-2019 and is on schedule, with recovery and delivery of ore to the plant ROM commenced early 2020. Following substantial increase in gold prices in 2020, the cut-off grade was revised, and the reported 2021 Ore Reserve is based on the Measured and Indicated Mineral Resources within the defined underground resource base at 1.3g/t Au cut-off and gold price of AUD 2,000 per ounce and application of the current site based mine design. Current mining activities comprise of underground mining of Wyoming One and access development to the Caloma orebodies. Two mining methods are used to mine the underground resource including Longhole Open Stoping (LHOS) with cemented rockfill or rockfill, and LHOS with rib pillars and no fill. The choice of mining method is determined by value of the resource, orebody width and geotechnical factors. Stoping configurations are predominantly single-lift stoping (25m vertical interval) with strike length of 20-25m. The stoping method involves establishing a slot using conventional long-hole drill and blast techniques and then the stoping front is retreated along strike. The installation of brow cables and the use of a concurrent strike-retreat blasting sequence assist in controlling ground stability. Depending on the mining method used cemented rockfill or loose rockfill is filled into the stopes upon completion of mining. For the LHOS with rib pillars there is no placement of fill. Ore production is scheduled at 840 ktpa which is trucked to surface using a fleet of four underground trucks. The truck fleet is matched with four Caterpillar R2900 loaders operating on a combination of tele-remote and manual control. Normal drilling fleet includes two development jumbos and two production drills.

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX Small Ordinaries Index

2021-09-03 00:00:00

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX Small Ordinaries Index

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX 300 Index

2021-09-03 00:00:00

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX 300 Index

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation at the Company's Boda Prospect in Central New South Wales

2021-08-15 23:40:00

Alkane Resources Limited announced the intersection of further high-grade mineralisation at the Company's Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (`TGO') and is working towards its stated ambition of becoming Australia's next multi-mine gold producer. The Project is located at the northern end of the Molong Volcanic Belt within the Macquarie Arc, in central west NSW, and is considered highly prospective for large scale porphyry and epithermal gold-copper deposits. Exploration in the NMPP has identified five discrete magnetic/intrusive complexes - Kaiser, Boda, Comobella, Driell Creek and Finns Crossing - within a 15km northwest trending corridor. The corridor is defined by monzonite intrusives, extensive alteration and widespread, low-grade, gold-copper mineralisation. A major RC and diamond core drilling program commenced in July 2020 and was designed to test the dimensions and extensions to the large low-grade mineralised envelope as well as any internal high-grade zones at Boda. In addition, the drilling is testing other known gold-copper mineralisation occurrences and co-incident IP anomalies within the 15km monzonite intrusive corridor that extends from Boda to Finns Crossing. Assays received from the current drilling program at Boda and Boda Two comprising seven RC drill holes including two pre-collars and six diamond core holes including two daughter holes for a total of 9,551 metres testing the strike and depth extensions of the gold-copper porphyry mineralisation at the Boda and Boda Two. The Boda gold-copper porphyry system appears to be a series of monzodiorite near vertical intrusive related breccias hosted within a thick sequence of near flat lying intermediate lavas. These magmatic breccias tend to hydrothermal in nature with a matrix comprising of calcite-quartz ± actinolite ± magnetite ± chalcopyrite ± pyrite zoning to a sulphide dominant cement (chalcopyrite ± pyrite) towards their centres. Truncating the breccias are late-mineral monzonite intrusives associated with quartz + chalcopyrite veining and post-mineral dolerite and dacitic dykes. Previously announced RC hole, KSRC038, ended in mineralisation at 498m and was recently extended with a diamond core tail, KSRC038D, to a depth of 945.8 metres. To test the deeper extensions to the sulphide cemented breccia, diamond hole KSDD034 was completed testing the zone approximately 500 metres below previous drilling intercepts. The hole intersected deep level propylitic porphyry alteration and strong pyrite mineralisation with only small patchy gold-copper grades. A daughter hole, KSDD034W2, was completed after a failed first attempt (KSDD034W1 – not sampled), transecting approximately halfway between the known sulphide cemented breccia zone and the parent drill hole KSDD034. The wedge hole intersected a zone of intense deformation and alteration from 1,147 metres, interpreted as a possible conduit and feeder structure to the sulphide cemented breccia. Core photographs of KSDD034W2 depict the significant shear zone of approximately 30 metres true thickness comprising of biotite-silica altered country rock with silica-chalcopyrite blebby veins within the fabric. Post to late-mineral dacitic and monzonite dykes have intruded the mineralised structure positioned approximately 200 metres vertically below the sulphide cemented breccia intersected by KSDD031. This structure is interpreted to be a root or feeder structure to the sulphide cemented breccia. The sulphide cemented breccia intersected by KSRC038D is shown below and demonstrates a crackle texture indicative of a lateral or distal position within the breccia itself. The breccia appears to zone from pyrite dominant to a chalcopyrite dominant core with increasing gold-copper grades associated with higher fluid flows as observed from breccia textures changing from crackle to more jigsaw in character. Similar higher energy breccia textures have been recently observed in KSDD040 (currently being sampled) including strong chalcopyrite mineralisation over approximately 40 metres down hole, see KSDD040 drill trace on the KSDD034W2 drill section. The sulphide cemented breccia mineralisation has been tested over 800 metres vertically from the mineralised conduit zone intersected in KSDD034W2 to the shallowest intercept in KSRC043. The breccia mineralisation is open along strike to the northwest, dipping sub-vertically to steeply to the northeast. RC and diamond core drilling is ongoing, testing both along strike and its shallow extensions up-dip. Downhole electromagnetic surveying is planned for trial in August to test for a conductive response from the sulphide cemented breccia to aid targeting of other sulphide cemented breccias.

Alkane Resources Limited Provides Production Guidance for the Fiscal Year 2022

2021-07-07 22:16:00

Alkane Resources Limited provided production guidance for the fiscal year 2022. Alkane's guidance for fiscal year 2022 gold production from Tomingley is 55,000oz to 60,000oz, at an AISC of AUD 1,450/oz to AUD 1,600/oz.

Sky Metals Limited (ASX:SKY) completed the acquisition of The Galwadgere project from Alkane Resources Limited (ASX:ALK).

2021-07-07 00:00:00

Sky Metals Limited (ASX:SKY) agreed to acquire The Galwadgere project from Alkane Resources Limited (ASX:ALK) for AUD 1.2 million on November 30, 2020. Under the terms, Sky Metals Limited (ASX:SKY) will issue 6 million shares. SKY acquired an option to purchase a 100% interest in the Galwadgere Project (EL6320) through an Option to Purchase Agreement with Alkane on August 24, 2020. Under the agreement, SKY is entitled to purchase the Galwadgere Project by completing AUD 0.25 million in-ground expenditure. SKY has completed the required expenditure and has elected to exercise its right to purchase a 100% interest in the Galwadgere Project from Alkane on November 30, 2020. Completion of the purchase is subject to NSW Government Ministerial approval for the transfer of the Galwadgere tenement. Transaction is expected to be completed before the end of June 2021. Sky Metals Limited (ASX:SKY) completed the acquisition of The Galwadgere project from Alkane Resources Limited (ASX:ALK) on July 7, 2021.

Alkane Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 02:00 PM

2021-06-30 18:19:00

Alkane Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 02:00 PM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Nicolas Paul Earner, MD & Director.