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    Alkane’s Northern Molong advance: exploration and drilling takeaways for mine planners

    June 12, 2026|

    Reviewed by Joe Ashwell

    Alkane’s Northern Molong advance: exploration and drilling takeaways for mine planners

    First reported on Australian Mining

    30 Second Briefing

    Exploration activity across Australia remains strong, with Alkane Resources, Artemis Resources and Ark Mines progressing gold, copper and rare earths prospects via drilling, project funding and metallurgical test work. Alkane is advancing targets around its Boda–Kaiser porphyry deposits in the Northern Molong Belt, New South Wales, using recent diamond drilling and geophysical surveys to refine copper–gold mineralisation trends. Artemis and Ark are pushing early-stage programmes that will influence near-term resource definition drilling strategies and metallurgical flowsheet options for complex ore types.

    Technical Brief

    • Collectively, these campaigns are being sequenced to de-risk later resource drilling and preliminary flowsheet design.

    Our Take

    Alkane Resources’ strong cash position and record profit reported in recent coverage, largely from its Tomingley gold operations in New South Wales, suggest it can self-fund a meaningful portion of ongoing gold–copper exploration at Northern Molong and the Boda–Kaiser system without immediate equity dilution.

    The new Northern Molong work extends Alkane’s footprint in the East Lachlan–New South Wales corridor, where our database already shows multiple Alkane items this year, indicating the company is consolidating a district-scale gold–copper position rather than treating each project as a standalone asset.

    With Alkane simultaneously advancing antimony–gold exploration at Nagambie in Victoria and gold–copper targets at Northern Molong, the company is building a multi-commodity pipeline that could hedge against single-commodity price risk while competing for internal capital allocation across gold, copper and rare earths opportunities.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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