Alkane Resources Ltd · ASX:ALK
Alkane Resources — Corporate Update (November 2020)
19 slides from Alkane Resources's corporate update, Nov 11, 2020
Slide 1: ASX and Media Release: Corporate presentation on Boda
ASX and MEDIA RELEASE 11 November 2020 Corporate presentation on Boda For personal use only Alkane Resources Limited (ALK) (Alkane or the Company) advises that a Corporate Presentation on Boda is being given as part of the Company’s routine corporate update to various industry analysts and instituti
Slide 2: Boda Porphyry Update
For personal use only BODA PORPHYRY UPDATE Nic Earner, Managing Director Ian Chalmers, Technical Director November 2020 © 2020 Alkane Resources
Slide 3: Disclaimer
Disclaimer For personal use only 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 tre
Slide 4: Corporate strategy and investment highlights
Strategy, “Alkane is growing shareholder Growth and value through increased gold production at Tomingley For personal use only Investment alongside targeted exploration, development and cornerstone investments.” CORPORATE RELIABLE, EXISTING LANDMARK DISCOVERY STRATEGIC INVESTMENT TO STRENGTH AND TRA
Slide 5: Boda: History, Results and Next Steps
Boda: History, Results and Next Steps For personal use only 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 6: Macquarie Arc within the Lachlan Orogen
Macquarie Arc within the Lachlan Orogen • CODES (UTAS), GSNSW and industry combined in a For personal use only 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 AL
Slide 7: Macquarie Arc: Aeromagnetics and Geology
For personal use only 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 8: Macquarie Arc: Porphyry Model and Geochemical Signature
Macquarie Arc: Porphyry Model and Geochemical Signature Macquarie Arc Porphyry Model For personal use only © 2020 Alkane Resources ALKANE RESOURCES | ASX:ALK 7
Slide 9: NMPP: Geology and Targeting
For personal use only 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 e
Slide 10: NMPP: Targets
NMPP: Targets Current Targets For personal use only 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
Slide 11: NMPP: Structural / Intrusive Summary
NMPP: Structural / Intrusive Summary Du For personal use only Co bbo rri do Tran r sv • Boda-Kaiser located at the intersection of the Arc parallel Nindethana ers e Thrust and northwest ‘Dubbo’ transverse corridor. Other north-south thrust structures offset the belt to the west (Macquarie Thrust). •
Slide 12: Kaiser-Boda Drilling: 2017-2020 (to date)
For personal use only Kaiser-Boda Drilling: 2017-2020 (to date) © 2020 Alkane Resources ALKANE RESOURCES | ASX:ALK 11
Slide 13: Boda Drilling: Discovery Section
For personal use only 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 14: Boda Drilling: Latest Results
For personal use only 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
Slide 15: Boda Targeting: Ridgeway (Cadia) Analogy
Boda Targeting: Ridgeway (Cadia) Analogy – Newcrest For personal use only 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
Slide 16: NMPP: Porphyry Model and Boda-Kaiser Mineralisation
NMPP: Porphyry Model and Boda-Kaiser Mineralisation Key Learnings to Date For personal use only • 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 a
Slide 17: Next Steps at Boda
Next Steps at Boda Current Boda Program For personal use only • 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
Slide 18: Boda: Summary
Boda: Summary For personal use only • 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 | A
Slide 19: For personal use only
For personal use only www.alkane.com.au @alkaneresources alkane-resources-ltd