ALKEF - Alkane Resources to keep up the pace after revising Boda MRE

(NewsDirect)

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF)Managing Director Nic Earner speaks to Thomas Warner from Proactiveafter the gold producer and explorer announced a revised indicated andinferred mineral resource estimate (MRE) for the Boda Deposit at itsNorthern Molong Porphyry Project (NMPP) in Central West New SouthWales.

A revised indicated andinferred mineral resource estimate (MRE) for the Boda Depositincluding Boda 2-3 now stands at 583 million tonnes at 0.58 g/tgold-equivalent (0.34 g/t gold and 0.18% copper) for 10.9 million goldequivalent ounces. This includes 6.38 million ounces of gold and 1.03million tonnes of copper.

Earnerhighlights the key change from the original Boda resource: despite aslight reduction in tonnage, the metal grade has notably increased. Hesuggests that the shift is particularly beneficial as it impliesmining lower tonnes for more metal, thereby increasing the potentialprofit margin.

Furthermore, Alkaneis preparing to release updated Kaiser RC drilling results,potentially before Christmas, followed by a resource update in early2023. He goes on to say that the company is also advancing scopingstudies, including metallurgical results and engineering work, whichwill culminate in detailed mine plans for Boda andKaiser.

Alongside these developments, Alkane's TomingleyGoldmine continues to perform strongly, aligning with thecompany's guidance and contributing to a successful 2023. Work onproject delivery are expected to extend the mine's life until2032, staying within budget and schedule.

ContactDetails

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

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