Alkane Advances Near-Mine Kendal Deposit with High Grade Antimony-Gold Intercepts at Costerfield

Core Insights - Alkane Resources Limited announced significant exploration results from the Kendal deposit, indicating substantial high-grade mineralization potential near the Costerfield mine [1][3]. Exploration Results - The drilling results from the Kendal deposit show high-grade gold and antimony mineralization, with notable intercepts including: - 132.2 g/t gold and 19.8% antimony over 1.94m [10] - 267.5 g/t gold and 5.6% antimony over 2.3m [10] - 52.3 g/t gold and 43.1% antimony over 0.34m [18] - A total of 25 individual veins have been delineated, extending over a strike of 600m, with some veins traced for up to 500m in length and 200m in vertical extent [15]. Geological Context - The Kendal deposit is part of the Costerfield Anticline, characterized by complex structural features that have historically limited exploration effectiveness [9][11]. - The mineralization at Kendal is recognized as the up-dip continuation of the high-grade Youle and Shepherd deposits, which are currently being mined [10]. Historical Mining and Modern Operations - Historical mining at Costerfield occurred between 1861-1939, with modern operations starting in 2006 [4][5]. - The recent drilling has revealed significant veining that was previously undiscovered during historical mining activities [10]. Future Plans - The company plans to integrate the newly defined mineral resources from the Kendal system into the Costerfield resource and life-of-mine plan [26]. - Further drilling is warranted, particularly in the underexplored Costerfield Main reef, with drilling at Kendal expected to resume in 2026 [26].