Alkane Resources Limited (ASX: ALK) managing director Nic Earner updates Proactive on the recent discovery of "significant" porphyry gold-copper mineralisation at Boda prospect within the company’s Northern Molong Porphyry Project in Central West NSW.

Earner says the market seems to have rallied on the news with the share price increasing in recent weeks, including a new 12-month high this week of 74 cents.

The managing director also updated the market on the company’s encouraging exploration work south of the operating Tomingley Gold Mine.