ALK 3.77% 55.0¢ alkane resources limited

Ann: Quarterly Activities Report, page-8

  1. 7,557 Posts.
    lightbulb Created with Sketch. 2077
    The infill drilling is excellent for the Tomingley extension... very profitable few years coming up.

    Page 10 of the announcement gives the update on Boda... so far the known dimensions determined for the deposit is 400m x 1000m x 1100m = 1Bt's by my calcs (density of rock @ 2.4). If I assume an average of Cu mineralisation @ 0.02% I get 200,000t contained Cu (current Cu price ~AUD$10k)... still plenty more exploration to come but already we are up to being a commercial scale project...imo (those numbers are just the Cu... not counted the Au component).

    The bit I like the most is (page 10)....
    "Subsequent drilling is planned to target across the northwest structural zone to intersect the breccia down dip,where the sulphide cemented breccia may change from chalcopyrite dominant to the more copper rich bornite dominant.This will also test for a possible ‘causative’ porphyry intrusion to the breccia and Boda system. The planned drilling is to commence early January 2021"
 
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