Peak Hill Drilling Extends Mineralisation 1km at Depth

• Deep drilling intersects epithermal mineralisation 1km below Proprietary pit
• Assays show elevated gold and copper within the sulphide mineralisation
• 6,600m of drilling planned to test vertical continuity of grade

Alkane Resources Limited announced that deep drilling at its Peak Hill Gold Project in New South Wales has intersected epithermal mineralisation approximately 1 km below the Proprietary pit. The drilling, which reached a depth of 1,651 meters, found low-grade gold and copper mineralisation, suggesting a vertical continuation of the previously mined epithermal mineralisation. This discovery indicates potential for significant depth extension of the mineralisation. Follow-up drilling is planned to assess the vertical continuity of grade and to ascertain whether the previous drilling missed the high-grade core of the system. The company aims to delineate the scale of the epithermal gold deposit and gather further information to vector towards a potential copper-gold porphyry system below.