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Alkane Resources Establishes Mineral Resource of Boda Prospect

MT Newswires ·  {{timeTz}}

03:58 AM EDT, 05/30/2022 (MT Newswires) -- Alkane Resources (ASX:ALK) established the regulatory compliant mineral resource estimate of the Boda prospect within the Northern Molong porphyry project in New South Wales, the miner said on Monday.

The program's initial resource stands at 624 million tonnes of material at 0.51 grams per tonne gold equivalent grade for 10.1 million gold equivalent ounces, or 5.21 million ounces of gold and 900,000 tonnes of copper.

Company shares closed nearly 7% higher Monday.

Price (AUD): $1.12, Change: $+0.07, Percent Change: +6.70%

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