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Alliance Nickel Limited (ASX:AXN)

ALERT: Price-sensitive ASX Announcement for AXN
Current share price for AXN : $0.025 -0.014 (-35.90%)+
Announcement
Release
5 May 2026 3:17PM
Price at Release
$0.039
Full Release
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Summary
Alliance Nickel Limited (ASX: AXN) has provided an amended announcement regarding their recent exploration activities at the Australia United tenement in Western Australia. The company received encouraging assay results from an initial 10-hole reverse circulation drilling program, indicating significant gold mineralization. Historical gold production from the area, dating back to the early 1900s, supports exploration potential, as mineralization remains open and promising further work. Discussions are underway with third parties for an earn-in arrangement to fund future drilling. The announcement also includes retractions and amendments following ASX feedback on JORC disclosures.
Key Points
  • Assay results from a 10-hole reverse circulation drilling program at the Australia United tenement.
  • Intercepts include significant gold mineralization with notable results such as 3m @ 3.2 g/t Au from 34m and 68m.
  • Historical gold production noted from 1899 to 1907 with grades ranging from 28 g/t to 78 g/t.
  • Mineralization remains open along the strike and at depth, suggesting further exploration potential.
  • Alliance Nickel Limited is in discussions for a potential earn-in arrangement to fund further exploration.
  • Amendments to previous announcements following ASX feedback regarding JORC disclosures.
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.