The Board of multi commodity miner and explorer, Alkane Resources (ASX: ALK) “Alkane” has approved an investment into gold exploration company Calidus Resources Limited (ASX:CAI) “Calidus”, which has been executed today. With a strong cash position Alkane’s growth strategy for increasing shareholder value includes investing part of its cash balance in junior gold mining companies […]
Mineral Resources and Ore Reserves for the Tomingley Gold Operations have been reestimated to account for depletion, increased geological knowledge with depth and actual operating costs and conditions: Total Mineral Resources – 6.78Mt grading 1.5g/t Au (437,000oz) Total Ore Reserves – 2.21Mt grading 1.8g/t Au (144,000oz) Total Ore Reserves includes the Underground Reserve Underground Ore […]
Alkane’s Board has approved the development of the underground mining operations at its Tomingley Gold Operations. Highlights of the development plan approved by the Board include: 93,000 ounces of gold recovered over a 40-month development at cash costs estimated to be A$1,100 – $1,200 per ounce. Ground support work for the portal will commence late […]
The profit before tax of A$31.3 million was the highest recorded by the company since 2012, the year in which the company sold its share of McPhillamys gold deposit. The profit was largely driven by excellent production and cost performance at the Tomingley Gold Operation where full year guidance was met with 78,533 ounces of […]
Alkane’s Tomingley Gold mine providing water from its bore source to Tomingley village Tomingley at risk of running out of water due to drought Avoids expensive trucking in of water for local community The village of Tomingley, 57 km south-west of Dubbo in central west of New South Wales, was at risk of running out […]
New US Defence law prevents purchase of rare earth magnets from China Signed into law by President Trump this week, increases defence spending Alkane says this to increase interest in its rare earths project as independent supply source United States President Donald Trump this week signed into law the John S. McCain National Defense Authorization […]
Multi-commodity miner and producer, Alkane Resources (ASX: ALK), has achieved excellent operational performance at Tomingley Gold Operations (TGO) in the June quarter with 19,1365 ounces of gold produced, taking full year production to 78,533 ounces of gold produced and meeting full year guidance. TGO continued to generate strong cash flow for the quarter at A$16 […]
We’ve put the Engineering and Financials Update on a one-page infographic for easy digestion. Please see below. And a link to the Dubbo Project Engineering & Financials Update report can be found here.