Melbourne, Victoria –News Direct– Alkane Resources Limited
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) managing director Nic Earner recently discussed with Proactive’s Elisha Newell the resource update for the Northern Molong Porphyry Project’s (NMPP) Kaiser deposit in Central West New South Wales. The company reported an overall resource of 213 million tonnes at a grade of 0.55 g/t gold equivalent, totaling 3.74 million ounces. This update follows a comprehensive infill drill program that consolidated results from 217 holes and almost 95,000 meters of drilling activity.
The Importance of the Resource Update
This resource update is a significant development for Alkane Resources, showcasing the potential of the Kaiser deposit within the NMPP. By transitioning some resources from inferred to indicated categories and seeing improvements in metal grades, the company is increasing confidence in the economic viability of the project. This update sets the stage for further exploration and development in the Boda and Kaiser districts.
Insight into the Metallurgical Results
The metallurgical results from the Kaiser and Boda deposits are essential for the development of a viable flowsheet. With promising recoveries of 81% for copper and 71% for gold at Kaiser, and even slightly higher results at Boda, it demonstrates the resource potential and the economic value that these deposits hold.
Next Steps and Scoping Study
Earner mentioned that an upcoming scoping study, expected to be released later this quarter, will provide more detailed insights into the economic outcomes and development plans for the Boda and Kaiser districts. This study will be critical in assessing the feasibility and profitability of advancing the project to the next stages of development.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
