Northern Molong Porphyry Project
Encompassing Boda-Kaiser
A prospective gold corridor with high porphyry potential
Alkane’s Northern Molong Porphyry Project (NMPP) is located in Central West NSW, centred about 20km north of Wellington and about 35km east of Dubbo.
It covers an area of 180 square km, encompassing a 15km northwest-trending corridor considered highly prospective for large porphyry and epithermal gold-copper deposits.
Alkane holds five exploration licences within this prospective corridor and has defined two significant gold-copper resources at Boda and Kaiser (the Boda-Kaiser Project).
We continue to grow understanding of the regional geological setting, which has potential to be a promising gold-copper province. Significant exploration has been underway since 2019.
Boda-Kaiser resources
Located within the NMPP, the Boda-Kaiser Project is founded on a large gold-copper porphyry system near the village of Bodangora, 15km northeast of Wellington.
Alkane discovered the first signs of the system in 2019. We have since defined two large, gold-copper porphyry resources (indicated + inferred) with a combined metal inventory of approximately 8.3Moz Au and 1.5Mt Cu.
A July 2024 Scoping Study shows the potential for a profitable long-term mining operation.
The Boda and Kaiser deposits lie within a 3.5km mineralised corridor, indicating a new large-tonnage gold-copper porphyry district with multi-billion-dollar potential is being defined.
Ongoing exploration
Significant potential exists for further gold-copper porphyry deposits to be discovered across the NMPP tenement package.
Alkane continues to grow our understanding of the regional geological setting to help identify new targets. Field exploration techniques include a mix of drilling, aeromagnetic, gravity and electrical geophysics.
We’re focusing on targets adjacent to several discrete magnetic/intrusive complexes within a 15km northwest-trending prospective corridor.
Key prospects in 2025 include the Driell Creek, Haddington, Glen Hollow, Windora, Comobella North and Boda 4 prospects.
Geology
The Northern Molong Porphyry Project is located at the northern end of the Ordovician-aged Molong Volcanic Belt of the Macquarie Arc.
Alkane’s exploration activity has identified at least seven discrete magnetic/intrusive complexes within a 15km northwest-trending corridor. The corridor is defined by intermediate intrusives, lavas and breccias, extensive alteration and widespread, low-grade, gold-copper mineralisation.
Following an airborne gravity survey of the entire NMPP, we updated our updated geological map of the area in 2024.
