InvestSMART

Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.310 0.005 (0.38%)+
Announcement
Release
29 Jul 2026 8:30AM
Price at Release
$1.305
Full Release
download
Summary
Alkane Resources Ltd has announced a significant increase in the Storheden Mineral Resource located near the Björkdal mine in northern Sweden. The recent exploration and updated modelling have resulted in improved confidence in the resource estimates with meaningful increases in contained gold ounces. The exploration program, which included 16 extensional diamond drill holes, has successfully delineated gold-bearing Quartz veins across a 2.7 km strike length and to a depth of 464 m, with the mineralisation remaining open in all directions. The updated resource estimates now include Indicated Resources of 1.07 million tonnes grading 2.51 grams per tonne of gold and Inferred Resources of 1.85 million tonnes grading 2.11 grams per tonne of gold. These findings will be detailed in the upcoming annual technical report.
Key Points
  • Significant increase in Storheden Mineral Resource by Alkane Resources Ltd.
  • Exploration update includes 16 extensional diamond drill holes.
  • Gold-bearing Quartz veins delineated over 2.7 km and 464m depth.
  • Mineralization remains open in all directions.
  • Indicated Resources: 1.07 Mt at 2.51 g/t Au.
  • Inferred Resources: 1.85 Mt at 2.11 g/t Au.
  • Details to be included in annual technical report.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.