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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: ALK
Latest Price: A$0.94  (-2.59% Descending)
52-week High: A$2.51
52-week Low: A$0.90
Market Cap: A$349.90M
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Alkane Resources Limited
www.alkane.com.au

Alkane Resources (ASX: ALK) is a multi commodity mining and exploration company focused on the Central West of New South Wales, Australia. Alkane's shares are also listed as American Depository Receipts (ADR's).  The company has built a gold resource inventory of over 1 million ounces at McPhillamys near Orange in a venture with Newmont Australia.

 

The Company has an advanced feasibility study in progress for the development of the Dubbo Zirconia Project which is based upon a very large in-ground resource of the metals zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.

 

 

Full Alkane Resources Limited profile here
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Alkane Resources discovers porphyry style gold copper at Bodangora

19th Apr 2011, 6:18 am

Alkane Resources (ASX: ALK) has discovered porphyry gold copper mineralisation after exploratory reverse circulation drilling at the company’s Bodangora Project in New South Wales.

Highlights include:

- 21 metres at 1.51 grams per tonne (g/t) gold and 0.41% copper; and
- 45 metres at 0.9g/t gold and 0.24% copper.

The drill program tested scattered targets within the Comobella Intrusive Complex and nearby areas, and provides the potential to boost the company's gold and copper resource.

The company's Tomingley Gold Project already has an 840,000 ounce gold resource, with a Feasibility Study for the development of the project completed in late 2010 highlighting the potential of an annual 50,000 to 60,000 gold ounce production.

Alkane said financing options for the project remain under investigation.

Alkane also has a joint venture project with Newmont Mining (NYSE: NEM) at the Moorilda Project in New South Wales.

The project has an Indicated and Inferred resource containing 2.96 million gold ounces and 60,000 tonnes copper, discovered in 2006.

Newmont have proceeded to complete a Bankable Feasibility Study for the development of the deposit.

The company also holds a 23% diluting interest for a nickel sulphide joint venture project with Xstrata (LON: XTA) in Western Australia.

 

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