Strategy - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168

Our strategic priorities for improving company value in 2019 are:

1) Multi-faceted gold investment strategy

To increase value for shareholders and strengthen the company for the long-term is using its strong cash resources to fund:

  • Underground mining at Tomingley Gold Operations (TGO). Approved by the Board, underground development will commence in early 2019, with the first production of ore expected mid-year. The ore will be stockpiled for processing at the TGO plant in the final quarter of 2019. Learn more
  • Continued exploration of prospects in the Tomingley region with confirmed high-grade gold mineralisation. This may define additional ore resources that can be mined from the surface or underground and processed at TGO. Learn more
  • Investigation of the feasibility of extending the Peak Hill Gold Mine, located 15km south of TGO, which Alkane Resources operated as an open pit from 1996 to 2005. Re-evaluation of the Peak Hill deposit suggests that underground mining may be able to access defined ore resources (108,000 ounces) for the TGO processing plant. Learn more
  • Investment in junior gold mining companies and projects with high potential to which Alkane can bring additional capital, expertise and operating capability, for mutual benefit. In the first instance, in October 2018, Alkane Resources invested in gold exploration company Calidus Resources Limited (ASX:CAI) due to its excellent prospects in Western Australia and its highly feasible development path. Learn more

2) Securing financing for the Dubbo Project

The Dubbo Project, which is expected to position Alkane as a significant world producer of critical technology metals, is presently almost construction-ready as we finalise the off-take, design and financing arrangements. Our preferred approach is to produce high-value downstream high-grade products. Prices of these materials have already begun to climb as demand increases and the period of oversupply appears to have ended. Alkane is actively seeking a mixture of financing from export credit agencies, strategic partners and equity and debt markets.