Ann: Trading Halt, page-10

Bing- Copilot........

As ofnow, Alkane Resources has not acquired the Boda-Kaiser project.However, Alkane considers Boda-Kaiser a genuine prospect for a large-tonnagegold-copper development. The combined Boda and Kaiser resources within the NorthernMolong Porphyry Project (NMPP) represent a significant metal inventory:

• Boda Resource: Estimated at approximately 6.38 million ounces of gold and 1.03 million tonnes of copper.
• Kaiser Reef Resource: Contains approximately 1.9 million ounces of gold and 0.42 million tonnes of copper¹.

AlkaneResources is actively evaluating the potential project economics and conductingbaseline environmental assessments. The company’s ongoing drilling programcontinues to explore the Boda-Kaiser corridor, including areas like Boda 2 andBoda 3. These discoveries have garneredrecognition, with Alkane winning the NSW Minerals Council’s Explorer of theYear award for both Boda and Kaiser¹.

Additionally,Alkane’s strategic acquisition of Comobella North, covering the sameprospective corridor, further strengthens its position in the region. Comobella North lies within the15-kilometer northwest-trending Boda-Kaiser corridor, which hosts the Boda andKaiser inferred resources, totaling approximately 15 million ounces of goldequivalent²³.

Insummary, while there is no acquisition at this moment, Alkane Resources remainscommitted to advancing the Boda-Kaiser project and unlocking its fullpotential.