Alkane Resources Limited, a leading Australian exploration and mining company, recently announced a significant resource update for its Northern Molong Porphyry Project’s Kaiser deposit in Central West New South Wales. The revised figures reveal a substantial overall resource of 213 million tonnes at a grade of 0.55 g/t gold equivalent, equating to a total of 3.74 million ounces.
This update comes after an extensive infill drill program that included results from 217 drill holes and nearly 95,000 meters of drilling activity. The company’s broader revision for the NMPP also includes the Boda deposit, which now boasts a global resource of 796 million tonnes at 0.58 g/t gold equivalent, totaling 14.7 million ounces.
The metallurgical results from these deposits have shown promising recoveries of 81% for copper and 71% for gold at Kaiser, with even higher results at Boda. Managing director Nic Earner highlighted the increased confidence in the Kaiser deposit’s potential, with some resources transitioning from inferred to indicated categories and improvements in metal grades.
An upcoming scoping study, expected later this quarter, will provide further insight into the economic outcomes and development plans for both the Boda and Kaiser districts. This news has sparked optimism among investors and industry insiders, as Alkane Resources continues to demonstrate its commitment to unlocking the full potential of its gold and copper properties in Australia.
