ALK 3.98% 42.3¢ alkane resources limited

Ann: Boda-Kaiser Scoping Study, page-71

  1. 7,859 Posts.
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    and what people need to take in consideration Cadia did not grow to that size in the first 3-4 years.

    Considering some of Boda, Kaiser and Boda2/3 zones are still open at depth and in some instances at strike the circle on IC's chart will get bigger just from additional drilling of the high-grade zones at Boda, Boda2/3 and Kaiser - should ALK decide to do it.. or I should say when the operator of the project decides to do it.

    Any discovery at Driell, Boda4 or other prorspect will come as a bonus.

    Considering how early/young ALK's discovery is, the possibility of this project to grow in size and grade is huge.

    Not going to repeat same (see further above) but there are number of high grade zones that ALK hasn't tested to the full potential and just these areas can produce another 2-3Moz of around 0.65g/t AuEq. And just from that the circle on that chart will move bit to the right, bit higher and will get bit bigger. Just from that alone.
    Just the zone around 094 will most likely add around 1Moz at around 0.62g/t AuEq when fully tested and without chasing it below Reids Fault which will be silly to do it at this stage due to the need to drill 2km holes. Just the zone between 109 and 158.

    The challenge is how to manage NMPP's growth during the next 12 months as funds are tight. I already suggested to ALK to add another $1m of extra spend to the exploration budget and to direct these funds exclusively to NMPP while keeping rest of the funding split as per original plan.
    Now they can drill couple of extra holes at Driell and test Hadington and Glen Hollow with single hole at each.
    Glen Hollow is certainly interesting and ALK did drill few holes there back in 2011 and 2012 and the results were mixed but ALK did not follow up. First they hit 46m @ 0.9g/t Au and 0.25% Cu and next year they drilled follow up hole that produced 60.1m @ 0.15g/t Au and 0.1% Cu with deeper intercept of 7.8m @ 1.04% Cu and 0.23g/t Au, 0.11g/t Ag and 1.87ppm Mo.
    They never followed up on that and now IC reports a historic intercept from another explorer that has never been followed up.
    What increases the chances for success now is that the exploration team has lot better understanding of what controls the mineralisation in the area.

    And any further studies will probably include the UG resource which will show LOM of around 30 years.
 
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