Alkane Resources has seen significant growth at its Northern Molong porphyry copper deposit in New South Wales, Australia.
The increase was mainly due to the Kaiser deposit being announced for the first time.
The Company believes that the first resource announcement of the Kaiser deposit is indicative of the potential of the entire Morong North porphyry copper-gold project. The two deposits currently have a combined resource of close to 15 million ounces of gold equivalent, with copper valued in excess of gold.