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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.913 0.118 (6.55%)+
Announcement
Release
24 Aug 2026 8:23AM
Price at Release
$1.795
Full Release
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Summary
Alkane Resources Limited announced the discovery of a new high-grade domain in the Cuffley Lode, alongside significant exploration results from the Sub-KC domain beneath the Augusta mine in Victoria, Australia. The discovery includes a new grade pod with high concentrations of gold and antimony, which was found in a previously underexplored area. This newly identified pod is accessible through existing infrastructure and is planned to be incorporated into the company's mining schedule. The exploration program involved drilling 23 new holes between historical high-grade panels and targeting additional holes at depth in the Sub KC domain. Alkane's proactive approach to challenging old geological models has been instrumental in this discovery, which strengthens the potential for extended mining activities at the Costerfield property.
Key Points
  • 23 new holes drilled in unmined area between Cuffley north and south high-grade panels.
  • Discovery of a new high-grade pod in Cuffley infill area with high-grade gold and antimony.
  • 17 additional holes targeted Sub KC domain at depth below deposit.
  • Cuffley pod is easily accessible from existing infrastructure and will be included in the mine schedule.
  • Significant assay highlights include 580.9g/t gold and 24% antimony over 0.61m in AD270, and 168.9g/t gold and 33.5% antimony over 0.9m in AD265.
  • Alkane's strategy involves revisiting and challenging old models to extract value.
  • Exploration results contribute to areas already in production and potential future production areas at Costerfield.
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.