Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-77

JandJ I am in agreement with what you have written.

Adding: Ziron Tech

For underground mining: Guidance for FY20 is unchanged at 30,000 to 35,000 ounces of gold at an AISC of A$1,250 to
A$1,400 per ounce.

In one sense the current share price is irrelevant if holding for at least another 6 months.

Yes I wish I had sold some at $1,160 but took my eye off the ball today.

Boda is a long term project.

The main game now is underground mining, forward a year or two Roswell and the demerger and of course Zircon Tech.

Very happy with ALK's progress but I can understand those that do not know the company would be disappointed with todays results. Much more work to be done on Boda. Millions to be spent getting to any idea how big the resource will be or not be. Leave that management to work out. Lucky we have Ian Gandell to keep an eye on things.

Gandel has increased his holding in Alkane to 23.451% from 21.984% over a period of four months from September 2019 to January 2020.