Alkane Resources Expands Costerfield Gold-Antimony Deposit with High-Grade Drill Results — Alkane Resources Limited

Event summary

Alkane Resources reports high-grade gold and antimony intercepts from the Kendal deposit at its Costerfield Operation in Victoria, Australia.
Drilling results include 267.5 g/t gold and 5.6% antimony over 2.3m (ETW 1.22m) in BC464.
The Kendal system is an up-dip continuation of the high-grade Youle and Shepherd deposits, with mining currently underway at Costerfield.
Development to access the newly extended Kendal system began in late 2025 and is ongoing as extension drilling continues.

The big picture

Alkane Resources' latest drilling results at the Kendal deposit highlight the potential for significant high-grade gold and antimony mineralization near its existing Costerfield Operation. The findings come as the company continues to explore and develop its portfolio of producing assets, positioning itself for further growth in the mining sector.

What we're watching

Resource Expansion: The pace at which Alkane can convert the Kendal deposit into a mineral resource and integrate it into the Costerfield resource and life-of-mine plan.
High-Grade Mineralization: Whether the high-grade gold and antimony intercepts in the Kendal system can be sustained as drilling continues to extend the deposit.
Execution Risk: How Alkane's ability to access and mine the newly defined mineralisation will impact its processing plant and overall production capabilities.