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The latest announcement is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources has reported strong exploration results from the Kendal deposit, a near-mine antimony-rich system that continues up-dip from the high-grade Youle and Shepherd deposits at its Costerfield operation in Victoria. Recent infill and extension drilling has substantially expanded the known extent of the Kendal vein system, identifying previously unmined high-grade gold and antimony mineralisation close to historic workings.
The Kendal veins, including the 501 and 520 structures, have returned multiple high-grade intercepts over meaningful widths, supporting Alkane’s view of significant remaining near-surface potential. Development to access the extended Kendal system began in late 2025 and is progressing, positioning Costerfield’s processing plant to benefit from an additional source of high-grade ore and potentially underpinning sustained production and improved mine life for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
More about Alkane Resources Ltd
Alkane Resources is an Australian mining company focused on gold and antimony production, with operations including the Costerfield mine in central Victoria. The company expanded its portfolio by merging with Mandalay Resources in 2025, gaining control of historically significant antimony-gold lodes that have been mined intermittently since the 19th century.
Average Trading Volume: 7,220,573
Technical Sentiment Signal: Buy
Current Market Cap: A$2.28B
Find detailed analytics on ALK stock on TipRanks’ Stock Analysis page.