Ann: Significant Porphyry Au-Cu Mineralisation Width increases, page-74

Alkane has ticked the second box in the delineation of a huge blind porphyry at depth - at Boda.

Alkane is cashed up ($97m cash and bullion) because it is a successful miner producing 35koz gold (FY20 guidance) at Tomingley (say $35m pa).

Alkane is in the process of increasing that productive resource many fold - perhaps as high as 3moz JORC on the 8 km Tomingley Corridor.

Alkane has the Dubbo Zirconia Project - about to be spun off into its own company with new MD appointed - All ALK SHs will become SHs of the new entity.

The current SP appreciation is witness to all of these actions, not the Boda porphyry only.

It appears that weak hands who fell out of the tree and non-holders who have not taken the trouble to check do not appreciate this.

That's too bad - I expect a small move up into consolidation tomorrow, in any case ALK's current M.Cap of $580m is well underwritten and the SP is heading higher over time.

Alkane is a derisked gold producer with huge blue sky.