Boda & Kaiser - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168 contact@irmau.com

Boda and Kaiser 

The Boda and Kaiser prospects are within Alkane’s Northern Molong Porphyry Project, located in central New South Wales. Together, they comprise our Kaiser-Boda exploration target*, which forms a 5km long, 1km wide corridor.

In September 2019, Alkane announced the assay results of the Boda “discovery hole” KSDD003 (502m @ 0.48g/t Au, 0.20% Cu from 211m), which indicated the potential for a significant alkalic porphyry gold-copper system.

Since the discovery hole, we have continued extensive drilling and geophysical surveys at Boda and surrounds (including Boda 2, Boda 3 and the Kaiser-Duke corridor) to test the size and shape of the mineralisation.

We are still in the early stages of defining the complete Kaiser-Boda system, but the results of our drill programs are extremely encouraging. They confirm the presence of a very large mineralised corridor of up to 5km in length.

Initial Boda Resource

The initial Inferred Mineral Resource for the Boda deposit has been estimated at 10.1 million gold equivalent (AuEq)** ounces (ASX Announcement 30 May 2022).

This initial Boda resource estimate was confined to a surface area of 1,000m strike length and 500m width. It is based on approximately 71,400 metres of drilling, using a 0.3g/t AuEq cutoff deemed appropriate for potential open cut mining. We’ve included a sub-component for the potential use of bulk-tonnage underground mining using a cutoff grade of 0.4g/t.

Our ongoing drilling program continues to define the overall system and infill the initial Boda resource estimate. The Boda deposit remains open at depth and along strike to the south and along strike to the northwest, making it a genuine prospect for a large tonnage gold-copper development.

We are continuing the preliminary work required to further understand mining and processing options for the future.

Download the presentation or watch the webinar where Managing Director, Nic Earner, and Technical Director, Ian Chalmers, discuss the initial Boda resource.

*Kaiser-Boda target: 5km long, 1km wide corridor of monzonite intrusives, extensive propylitic to potassic alteration with gold and copper mineralisation. Numerous intercepts at Kaiser with a small high-grade historically mined body.

**The equivalent calculation formula is AuEq(g/t) = Au(g/t) + Cu%/100*31.1035*copper price ($/t)/gold price($/oz). The prices used were US$1,770/oz gold and US$9,750/t copper, and A$:US$0.70. Recoveries are assumed at 85% per economic element from preliminary metallurgical studies. In Alkane’s opinion all the elements included in the metal equivalents calculation have reasonable potential to be recovered and sold.

30 May 2022: Alkane Managing Director Nic Earner and Technical Director Ian Chalmers discuss the Boda initial resource
30 May 2022: Ian Chalmers and Exploration Manager, David Meates, discuss the geology of Boda
31 May 2022: Nic Earner speaks with Proactive’s Andrew Scott about Boda’s inferred mineral resource

Alkane won the NSW Minerals Council’s 2021 Explorer of the Year award for the Boda discovery.
Pictured (L-R) are Exploration Manager NSW David Meates, Technical Director Ian Chalmers, Non-Executive Director Tony Lethlean and Chairman Ian Gandel.

Latest Boda and Kaiser News

  • 18-Jul-2022

    Kaiser RC Drilling Delineates Significant Au-Cu Mineralisation

    Alkane announces the first set of results from its initial resource drilling program at the Company’s Kaiser Prospect in Central New South Wales. Kaiser is to the immediate north-west of the landmark Boda porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one […]

  • 30-May-2022

    Boda Resource Estimate of ~10.1M Gold Equivalent Ounces

    Key points The initial Inferred Mineral Resource for the Boda Deposit has been estimated at 624Mt grading at 0.51g/t AuEq* for 10.1 MEqoz (5.21Moz Au, 0.90Mt Cu) The estimate is based on approximately 71,400 metres of drilling using a 0.3g/t gold equivalent (AuEq) cutoff deemed appropriate for potential open cut mining. This includes a sub-component […]

  • 30-Mar-2022

    Final Results Received for Boda Resource Drilling – Initial Resource Estimation Underway

    Alkane announces the final set of results from its initial resource drilling program at the Company’s Boda Prospect in Central New South Wales. Results have been received from the final ten drill holes of the first stage of resource drilling at Boda. A maiden resource calculation for the central zone of Au-Cu mineralisation at Boda […]

  • 25-Feb-2022

    Boda Resource Drilling Defining High Grade Zone

    Alkane announces an update to its drilling program at the Company’s Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (‘Tomingley’). […]

  • 17-Dec-2021

    High Grade Continuity North West of Boda

    Alkane announces intersection of further high-grade mineralisation at the Company’s Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, (NMPP) which the Company believes has the potential to be a large, tier one gold-copper project. Alkane also operates the nearby Tomingley Gold Operations (‘Tomingley’). […]

  • 22-Oct-2021

    Mineralised System Continues to Grow at Boda

    Assay results have been received for a further 19 core and RC drill holes testing the extensive gold–copper mineralisation at Boda, Boda Two, Boda Three and Kaiser within the Northern Molong Porphyry Project (NMPP). Drilling at Boda to delineate the strike and dip extent of the porphyry gold-copper mineralisation continues. The drilling to date has […]

  • 16-Aug-2021

    High-grade mineralisation from surface at Boda

    Alkane is pleased to announce the intersection of further high-grade mineralisation at its Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the Alkane believes has the potential to be a large, tier one gold-copper project Reverse Circulation (RC) drilling to test for […]

  • 14-May-2021

    Boda Porphyry Update from Nic Earner and Ian Chalmers

    Alkane Managing Director Nic Earner and Technical Director Ian Chalmers have provided another Boda Porphyry video update as part of the Company’s routine corporate update to various industry analysts and institutional investors. Watch the video below or see the latest Boda drilling results released on 3 May 2021.

  • 04-May-2021

    Alkane named Explorer of the Year 2021

    Alkane Resources has won the NSW Minerals Council’s 2021 Explorer of the Year award, with the Boda discovery at the Northern Molong Porphyry Project (NMPP) in the Central West Region of NSW about 35 km east of Dubbo. The Explorer of the Year award acknowledges the significant contribution of exploration to the NSW mining industry. Alkane […]

  • 03-May-2021

    Continuity of High-Grade Gold-Copper Breccia Intersected at Boda

    Alkane announces the intersection of further high-grade mineralisation at the Company’s Boda Prospect in Central New South Wales. Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project (NMPP), which Alkane believes has the potential to be a large, tier one gold-copper project. Two diamond core holes at Boda, KSDD029 and KSDD031, […]