ALK 0.79% 63.0¢ alkane resources limited

Ann: Resource and Reserve Statements FY23, page-2

  1. 7,500 Posts.
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    70k Oz at 2.5g/t for McLeans. Nothing spectacular but not bad considering how few holes ALK drilled there.
    Would be good if they drill few more holes and prove decent continuation at depth. If ALK can bring McLeans to around 200k Oz and still be open at depth then this is really good discovery for them.

    Also, if they can manage to find further extensions at one or both UG operations would be nice.
    Nic has been saying (from memory on couple of presos) they are drilling for extensions but no announcements yet.

    all eyes on Boda now. First exploration results then MRE upgrade. Still calling for 4-5Moz but hoping/dreaming for 6-8Moz from Boda/Boda2/3 - this is additional resources and does not refer to how many Ozs will be converted from inferred to indicated.
 
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