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Alkane had $81.9 million in cash, bullion
and listed investments as at March 31

first started to produce gold when they looked from 207.3m, including 1m @ 104 g/t from 274m; 71m @
at the Boda discovery and asked: ‘Who are 3.56 g/t from 111m, including 5m @ 19.2 g/t from 118m; 10m
these guys, they actually have a gold mine?’” @ 5.47g/t from 215m; 72m @ 1.27g/t from 149m and 5m @
Alkane managing director Nic Earner tells 2.38g/t from 229m.
GMJ. Significant intercepts from San Antonio included 7m @ 7.67
“At the same time, we are releasing really g/t gold from 186m and 2m @ 10.9 g/t from 217m; 5m @
exciting exploration results. If people go back 2.99 g/t from 228m, including 1m @ 10.4 g/t from 228m;
and look at some of the intercepts over the 24m @ 1.23 g/t from 27m, including 3m @ 4.06 g/t from
last two years, we have put out substantial 30m and 6m @ 3.7 g/t from 102m; 48m @ 1.48 g/t from 24m
widths and grades that people get excited and 6m @ 2.02 g/t from 114m.
about in a West Australian gold context, and Roswell, San Antonio and the emerging El Paso target
we release them quite often from Tomingley area are all within 8km of the TGO mill and on the back of
[in New South Wales]. the latest round of thick, high-grade intersections, Alkane
“It has flown under the radar but is being received a 12% uplift in share price, signalling a growing
recognised now and with the exploration awareness of the company’s story in the market.
driven by Ian Chalmers and Dave Meates we Earner said the applications process with the NSW
can substantially add to the life of Tomingley,” Government was under way, with approval already in hand
he said. to develop an exploration drive from the Wyoming One
Much of the exploration over the past two deposit to Roswell.
years has been dedicated to understanding “We will be well progressed with the applications for
the regional potential within the Tomingley extensions at Tomingley, as well as releasing more drill
Corridor and the result has been a host of results as we continue to do more infill drilling at 20m
near-mine gold discoveries in NSW’s Central spacing across San Antonio/Roswell, which is just south of
West. our existing mine,” Earner said in reference to an outlook for
Two of the most advanced prospects – September/October this year.
Roswell and San Antonio – have resources Preliminary planning for open cut and underground mines
of 7.02mt @ 1.97 g/t gold for 445,000oz and beneath Roswell and San Antonio are also in play with work
7.92mt @ 1.78 g/t for 453,000oz, respectively. continuing throughout COVID-19.
Drilling to infill the inferred resources at the “Our team in NSW is pretty much residential, so we are really
Roswell and San Antonio deposits continued happy with how that has run and how they have managed
at the time of print, with a total of 44 holes for risk and how they have interacted with the local community,
9,880m completed from which the company which has been fantastic,” Earner said.
reported continuity to the defined resources
Incorporated in 1969, Alkane’s longstanding presence in
was evident.
NSW’s Central West extends back to gold exploration in the
Highlights from Roswell included 69m @ 9.12 late 1970s and the footprint and credibility garnered since
g/t gold from 218m, including 6.7m @ 28 g/t bodes well for the company’s next chapter in the State.

The TGP contains Alkane’s Tomingley gold operations (TGO); an
open pit and underground mine with a 1 mtpa processing facility

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