Slide 1: Boda Porphyry Update
BODA PORPHYRY UPDATE Nic Earner, Managing Director Ian Chalmers, Technical Director November 2020 © 2020 Alkane Resources
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such s
Slide 3: Strategy, Growth and Investment
Strategy, “Alkane is growing shareholder Growth and value through increased gold production at Tomingley Investment alongside targeted exploration, development and cornerstone investments.” CORPORATE RELIABLE, EXISTING LANDMARK DISCOVERY STRATEGIC INVESTMENT TO STRENGTH AND TRACK PRODUCTION AT BODA
Slide 4: Boda: History, Results and Next Steps
Boda: History, Results and Next Steps AGENDA • Macquarie Arc • Alkane’s History with Boda • Targets • Understanding to Date • Latest Results • Next Steps at Boda • Next Steps regionally ALKANE RESOURCES | ASX:ALK 4
Slide 5: Macquarie Arc within the Lachlan Orogen
Macquarie Arc within the Lachlan Orogen • CODES (UTAS), GSNSW and industry combined in a major regional study of the Macquarie Arc geology, geochemistry, structure and geophysical signature, 1998 - 2002. • Key findings: Glen et al 2012 Glen et al 2012 © 2020 Alkane Resources ALKANE RESOURCES | ASX:A
Slide 6: Macquarie Arc: Aeromagnetics and Geology
Macquarie Arc: Aeromagnetics and Geology NMPP Boda Tomingley (~2Moz Au) Northparkes (5.2Moz Au + 4.4Mt Cu) Cadia (50Moz Au + 8.7Mt Cu) Cowal (11Moz Au) Glen et al 2012 McPhillamys (2.3Moz Au) Fertile complex Glen et al 2012 ALKANE RESOURCES | ASX:ALK 6
Slide 7: Macquarie Arc: Porphyry Model and Geochemical Signature
Macquarie Arc: Porphyry Model and Geochemical Signature Macquarie Arc Porphyry Model © 2020 Alkane Resources ALKANE RESOURCES | ASX:ALK 7
Slide 8: North Molong Porphyry Project (NMPP): Geology and Targeting
North Molong Porphyry Project (NMPP): Geology and Targeting How does Alkane target? • Detailed aeromagnetics to define monzonite intrusives. • Surface geological mapping (alteration) and sampling. • Application of multi element lithogeochemistry for target ranking (pathfinder elements). • Applicatio
Slide 9: NMPP: Targets
NMPP: Targets Current Targets 15km northwest trending structural corridor with multiple ‘fertile’ alkalic (monzonite) intrusive complexes. Finns Crossing-Murga Prospect: aeromag target (skarn like characteristics) and separate strong IP chargeablity anomaly. Extensive argillic lithocap. Surface floa
Slide 10: NMPP: Structural / Intrusive Summary
NMPP: Structural / Intrusive Summary • Boda-Kaiser located at the intersection of the Arc parallel Nindethana Thrust and northwest ‘Dubbo’ transverse corridor. Other north-south thrust structures offset the belt to the west (Macquarie Thrust). • Dilationary intersection and offset provides enhanced
Slide 11: Kaiser-Boda Drilling: 2017-2020 (to date)
Kaiser-Boda Drilling: 2017-2020 (to date) © 2020 Alkane Resources ALKANE RESOURCES | ASX:ALK 11
Slide 12: Boda Drilling: Discovery Section
Boda Drilling: Discovery Section Chalcopyrite cemented breccia in potassic altered volcanics KSDD007 (96.8m @ 3.97g/t Au and 1.52% Cu). © 2020 Alkane Resources ALKANE RESOURCES | ASX:ALK 12
Slide 13: Boda Drilling: Latest Results
Boda Drilling: Latest Results • Drilling has confirmed broad mineralised alteration envelope which shows clear zonation of outer propylitic pyrite; inner propylitic pyrite- chalcopyrite; to potassic core with chalcopyrite – bornite – pyrite. • Evidence of an outer Mo shell with other pathfinder elem
Slide 14: Boda Targeting: Ridgeway (Cadia) Analogy – Newcrest
Boda Targeting: Ridgeway (Cadia) Analogy – Newcrest Ridgeway Discovery Drill Sequence 1996 Ridgeway Deposit Definition 1996-1997 8m @ 0.4 g/t Au 0.5 % Cu 145m @ 4.3 g/t Au 1.2 % Cu 52m @ 0.9 g/t Au 0.2 % Cu 84m @ 7.4 g/t Au 1.3 % Cu 102m @ 0.1 g/t Au 0.4 % Cu 15m @ 0.8 g/t Au 0.5 % Cu 45m @ 0.3 g/t
Slide 15: NMPP: Porphyry Model and Boda-Kaiser Mineralisation
NMPP: Porphyry Model and Boda-Kaiser Mineralisation Key Learnings to Date • The host sequence is evolved basalt to andesite, flat lying volcaniclastics and lavas, cut by near vertical monzonitic bodies with at least three separate monzonite intrusives. • Lithogeochemistry and age dating clearly plac
Slide 16: Next Steps at Boda
Next Steps at Boda Current Boda Program • The currently defined Boda mineralisation (>0.2g/t AuEq) has horizontal dimensions of 1,000m x 400m, with a NW strike and extends to 1,100m depth. It remains open along strike and at depth. • High grade Au-Cu zones currently interpreted to trend NW-SE (as sm
Slide 17: Boda: Summary
Boda: Summary • Boda is a large system with high grade portions. • We continue to expand the mineralised envelope. • Multiple anomalies being tested. • Two diamond rigs on site for latest drilling campaign. • Results continuing, expect next before year end. ALKANE RESOURCES | ASX:ALK 17
Slide 18: www.alkane.com.au
www.alkane.com.au @alkaneresources alkane-resources-ltd