Boda & Kaiser - Alkane Resources Ltd

Boda and Kaiser

The Boda and Kaiser prospects are within Alkane’s Northern Molong Porphyry Project, located in the Central West region of New South Wales.

Since discovering significant mineralisation at Boda in 2019, Alkane’s exploration around the Boda-Kaiser area has defined a 3.5km corridor of extensive calc-potassic alteration associated with gold-copper porphyry mineralisation. The corridor encompasses the Kaiser, Boda, Boda Two and Boda Three prospects. Kaiser is located 500m northwest of Boda.

Initial Boda Resource

Alkane has released initial Inferred Mineral Resource Estimates for the Boda and Kaiser deposits (ASX Announcements 30 May 2022 and 27 February 2023 respectively). The combined resource tables are below. Together, Boda and Kaiser now approach 15 million gold equivalent (AuEq*) ounces, a total metal inventory of 7.26 million ounces of gold and 1.38Mt of copper.

The average grade for Kaiser is slightly higher than Boda, largely due to the higher copper grade of Kaiser. As a result, the value of the contained copper now exceeds the value of gold for the combined Boda-Kaiser resources.

Alkane’s drilling program continues at Boda and Kaiser, with the view to infilling the Inferred Resources and updating them to Indicated status. Drilling also continues to define the overall Boda-Kaiser system, with extensions being tested south of Boda at Boda Two and Boda Three, and northwest of Boda towards Kaiser. In parallel, Alkane is continuing the preliminary work required to further understand mining and processing options for the future. We hope to wrap these into a concept study as the Indicated Resources are released.

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*The equivalent gold equivalent calculation formula is AuEq(g/t) = Au(g/t) + Cu%/100*31.1035*copper price($/t)/gold price($/oz). The prices used were US$1,770/oz gold and US$9,750/t copper, and A$:US$0.70. Recoveries are assumed the same for Au and Cu at 85% from preliminary metallurgical studies. Alkane considers the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.

30 May 2022: Alkane Managing Director Nic Earner and Technical Director Ian Chalmers discuss the Boda initial resource

30 May 2022: Ian Chalmers and Exploration Manager, David Meates, discuss the geology of Boda

31 May 2022: Nic Earner speaks with Proactive’s Andrew Scott about Boda’s inferred mineral resource

Alkane won the NSW Minerals Council’s 2021 Explorer of the Year award for the Boda discovery.
Pictured (L-R) are Exploration Manager NSW David Meates, Technical Director Ian Chalmers, Non-Executive Director Tony Lethlean and Chairman Ian Gandel.

Latest Boda and Kaiser News

28-Mar-2023
Drilling Results Confirm Extensive Mineralisation at Boda Two

Alkane is pleased to announce further results from its drilling program at the Company’s Northern Molong Porphyry Project in Central New South Wales. The program extends over three kilometres from Kaiser, through Korridor and Boda, down to Boda Two and Boda Three. The Company believes this system has the potential to be a large, tier […]
09-Mar-2023
Acquisition of Exploration Tenements in New South Wales

Alkane is pleased to announce that it has entered into an agreement to acquire two packages of exploration tenements (the Projects) in the Macquarie Arc, New South Wales from Sandfire Resources Ltd (ASX:SFR) for 2,781,438 ALK shares (being $1,900,000 worth of shares). The Projects acquired will be 100% Alkane owned with no underlying royalties or […]
27-Feb-2023
Kaiser Resource Estimate of ~4.7M Gold Equivalent Ounces

Alkane is pleased to announce the initial Kaiser resource following its extensive drilling program at its Kaiser Prospect in Central New South Wales. The Kaiser resource is located 500 metres northwest of Boda, a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, […]
09-Dec-2022
Final Kaiser Assay Results, Resource Estimation Underway

Alkane Resources is pleased to announce further results from its drilling program at the Company’s Northern Molong Porphyry Project in Central New South Wales. The program extends over three kilometres from Kaiser, through Korridor and Boda, down to Boda Two and Boda Three. The Company believes this system has the potential to be a large, […]
25-Oct-2022
Extensive Au-Cu Mineralisation Continues at Korridor and New Drilling Results at Kaiser

Alkane is pleased to announce further results from its drilling program at the Company’s Northern Molong Porphyry Project in Central New South Wales. The program extends over three kilometres from Kaiser, through Korridor and Boda, down to Boda Two and Boda Three. The Company believes this system has the potential to be a large, tier […]
07-Sep-2022
Copper Enriched Zone Near Surface at Kaiser

Alkane is pleased to announce further results from its initial resource drilling program at the Company’s Kaiser Prospect in Central New South Wales. Kaiser is approximately one kilometre northwest of Boda, 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 […]
18-Jul-2022
Kaiser RC Drilling Delineates Significant Au-Cu Mineralisation

Alkane announces the first set of results from its initial resource drilling program at the Company’s Kaiser Prospect in Central New South Wales. Kaiser is to the immediate north-west of the landmark Boda porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one […]
30-May-2022
Boda Resource Estimate of ~10.1M Gold Equivalent Ounces

Key points 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 […]
30-Mar-2022
Final Results Received for Boda Resource Drilling – Initial Resource Estimation Underway

Alkane announces the final set of results from its initial resource drilling program at the Company’s Boda Prospect in Central New South Wales. Results have been received from the final ten drill holes of the first stage of resource drilling at Boda. A maiden resource calculation for the central zone of Au-Cu mineralisation at Boda […]
25-Feb-2022
Boda Resource Drilling Defining High Grade Zone

Alkane announces an update to its 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’). […]

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