Videos
Alkane Resources Ltd managing director Nic Earner tells Proactive’s Stephen Gunnion the company has reached another milestone at its Tomingley Gold Operations in Central West New South Wales with the transition from ore development to production stoping at the Roswell deposit.
Earner detailed the completion of the exploration drive at Roswell, which had received full approval last year. He highlighted the ongoing vertical development and the commencement of stoping operations, marking a ramp-up phase. The site is set to produce a 23-24,000 tonne stope, followed by a larger phase nearly double in size.
This development supports a planned increase in mining activity to approximately 1.1-1.2 million tonnes per annum by next year. Additionally, Earner noted the construction of a new paste plant for backfill operations, aiming for full recovery with the ore graded over five grams per tonne.
Upcoming newsflow includes the company’s quarterly report this week, the long-awaited Kaiser resource statement for the Bodar and Kaiser exploration deposits, and a scoping study. Earner also mentioned a financial outlook aiming to provide a five-year projection by the end of June.
On the brink of significantly upgrading the mineral resource estimate for its Kaiser deposit in the Northern Molong Porphyry Project in New South Wales, Alkane Resources Ltd (ASX:ALK) managing director Nic Earner takes Proactive’s Jonathan Jackson through the latest drilling results. Alkane has delivered the highest gold grades observed to date at the site. Earner highlights the remarkable findings from the final 12,000-metre round of drilling, which confirmed the presence of high-grade sections and a ‘Boda’ style breccia, intensifying the deposit’s prospects. With these results, Alkane is poised to release an updated Kaiser resource estimate in April, enhancing the already impressive Boda resource figures. Looking forward, the company is conducting a scoping study to assess the mining viability of both Boda and Kaiser, with results expected in the June quarter.
Alkane Resources Ltd (ASX:ALK) managing director Nic Earner sits down with Jonathan Jackson in the Proactive studio to discuss the large increase in reserves at the Tomingley Gold Extension Project, where that increase has come from and what it means for the company’s mining plans. Earner addresses the adjustments in the resource statement compared to previous reports, highlighting the importance of these changes and the factors contributing to them. He also looks at the prospects for further expansion in Alkane Resources’ reserves and resources, examining the potential for growth and the company’s strategies moving forward.
Alkane Resources Ltd (ASX:ALK) managing director Nic Earner joins Proactive’s Jonathan Jackson in the Australian studio to talk about promising from recent infill drilling at the Northern Molong Porphyry Project (NMPP) in Central West NSW. Earner takes us through the highlights of the program and its aims to evaluate the potential of the Kaiser deposit as the company moves towards a gold-copper resource update at NMPP. Results yielded several broad intersections that reveal notable grades of gold and copper and give the company confidence in the continuity and extent of mineralisation across the project. Final results are expected to be available in March and the updated resource completed in March/April.
Alkane Resources Ltd (ASX: ALK) CEO Nic Earner joins Jonathan Jackson to discuss the company’s strong quarter and particularly the development of the Roswell resource. Earner says that extensive infill drilling of the Roswell orebody from underground continues, with around 17,000 metres drilled during the quarter. This drilling will be incorporated into an updated mineral resource in the coming quarter. Earner looks at gold production at the Tomingley Gold Operations as well as the further work being done at the Tomingley Gold Extension Project, which incorporates Roswell. Also, up for discussion is the work being done at the Boda and Kaiser deposits of the Northern Molong Porphyry Project as well as the company’s corporate highlights.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) Managing Director Nic Earner speaks to Thomas Warner from Proactive after the gold producer and explorer released fresh results from infill drilling at the Kaiser deposit of its Northern Molong Porphyry Project, following the previously announced resource update from the Boda deposit.
The 45,000-metre drilling campaign at Kaiser has uncovered strong mineralisation within the existing inferred mineral resource estimate (MRE) with a raft of positive results. Earner also emphasises the successful year Alkane has had, including the approval of the Tomingley Extension project and updates to the Boda and Kaiser resources. These developments have shifted the Kaiser resource from an inferred to an indicated category, marking a significant milestone for the company.
Earner concludes the interview by encouraging shareholders and potential investors to look forward to the forthcoming scoping study, which will elucidate the project’s economic potential. He expresses confidence that the study will reveal the project’s value, which he believes is not currently fully reflected in Alkane’s share price.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) Managing Director Nic Earner speaks to Thomas Warner from Proactive after the gold producer and explorer announced a revised indicated and inferred mineral resource estimate (MRE) for the Boda Deposit at its Northern Molong Porphyry Project (NMPP) in Central West New South Wales.
A revised indicated and inferred mineral resource estimate (MRE) for the Boda Deposit including Boda 2-3 now stands at 583 million tonnes at 0.58 g/t gold-equivalent (0.34 g/t gold and 0.18% copper) for 10.9 million gold equivalent ounces. This includes 6.38 million ounces of gold and 1.03 million tonnes of copper.
Earner highlights the key change from the original Boda resource: despite a slight reduction in tonnage, the metal grade has notably increased. He suggests that the shift is particularly beneficial as it implies mining lower tonnes for more metal, thereby increasing the potential profit margin.
Furthermore, Alkane is preparing to release updated Kaiser RC drilling results, potentially before Christmas, followed by a resource update in early 2024. He goes on to say that the company is also advancing scoping studies, including metallurgical results and engineering work, which will culminate in detailed mine plans for Boda and Kaiser.
Alongside these developments, Alkane’s Tomingley Goldmine continues to perform strongly, aligning with the company’s guidance and contributing to a successful 2023. Work on project delivery are expected to extend the mine’s life until 2032, staying within budget and schedule.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) MD Nic Earner tells Proactive the company has established a viable flowsheet for the processing of ore from the Boda and Kaiser gold-copper prospects within its North Molong Porphyry Project (NMPP) in Central New South Wales. Metallurgical test-work comprising conventional crushing, grinding and flotation circuits achieved overall recovery of 87.4% of copper and 80.9% of gold for Boda and 79.6% of copper and 70.7% of gold for Kaiser. Meanwhile, ALK has also reported further broad copper-gold results from drilling at Kaiser – the objective is to infill the inferred mineral resource estimation at the deposit, which currently contains 2.1 million ounces of gold and 500,000 tonnes of copper.
Nic Earner discusses current activities at Alkane and highlights from the September 2023 quarter.
Alkane Resources Ltd (ASX:ALK) managing director Nic Earner gives Proactive an overview of the company’s September quarter. Describing it as a solid period, he says the company’s met production guidance and the Tomingley Extension Project is well underway with the second vent rise completed at Roswell. Meanwhile, he says infill drilling occurred underground and surface works commenced for the Paste Plant. Earner adds that drilling at Boda and Kaiser continued through the quarter keeping the company on schedule to release the updated Boda resource in the current quarter.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) MD Nic Earner speaks with Proactive after reporting extensive high-grade results from the company’s now complete infill drilling program at the Boda prospect within the Northern Molong porphyry project in central NSW. Extending over five kilometres from Kaiser to Boda, through Boda 2-3 and south to Boda 4, the drilling was designed to infill the inferred Boda mineral resource estimation to a nominal 50-metre grid spacing. Earner says Boda continues to evolve towards its potential as a large, tier one gold-copper resource.
Alkane Resources Managing Director, Nic Earner, provided an update on the Australian gold miner in an interview at the Denver Gold Forum conference. Alkane currently operates the Tomingley Gold Mine in New South Wales, which produced around 70,000 ounces in 2021 at an all-in sustaining-cost under A$1,600/oz.
Looking ahead, Earner expects Tomingley production to increase in 2022 and costs to rise to A$1,750-2,100/oz. This reflects inflationary pressures in Australia on items like power, fuel, steel, and reagents. Earner believes cost increases of around 30% represent a new baseline for the Australian gold sector.
Alkane is using cash flow from Tomingley to advance exploration at its Boda-Kaiser copper-gold porphyry project, also in New South Wales. Boda-Kaiser currently hosts about 15 million ounce gold equivalent resources. Upcoming catalysts include a resource upgrade at Boda expected this quarter and initial resources at Kaiser in Q1 2023.
To fully realize Boda-Kaiser’s value, Alkane is considering strategic partnerships, minority investments, or even a potential split into separate gold and copper-focused entities. Earner believes Alkane’s track record of exploration success and experience in project development position it strongly.
The goal remains growing Tomingley’s production profile while advancing Boda-Kaiser to be construction-ready around 2026. This is expected to transform Alkane into a major dividend-paying gold producer. In the interim, Earner stressed profitable gold production and exploration success as key pillars to attracting investors seeking leverage to the upside.
Nic Earner updates us on the history and latest updates for Alkane Resources and the exploration currently underway to expand the resource and the strength of the company. Technical Director, Ian Chalmers was this year’s winner of the Gavin Thomas Mining Award.
Alkane Resources Ltd (ASX:ALK) MD Nic Earner tells Proactive the company has extended the gold and copper mineralised footprint at its Northern Molong Porphyry Project (NMPP) in Central New South Wales with further significant results from the project’s Boda, Boda Two and Boda Three targets. ALK has been running a drill program over a 3-kilometre mineralised zone spanning NMPP’s Kaiser and the Boda targets to prove up a large tier-one gold and copper camp. Core and reverse circulation (RC) drilling is ongoing at Kaiser, while the program at the Boda targets has been completed.
Alkane Managing Director Nic Earner tells ausbiz about the latest quarterly results and future plans for Tomingley.
Alkane Managing Director Nic Earner tells Proactive the company continues to explore at Tomingley both within its approved mining areas and regionally. He says they uncovered gold at several regional prospects within seven kilometres of the Tomingley processing hub soon after regional drilling kicked off in early 2023.
Alkane managing director Nic Earner tells Proactive that the company’s Tomingley Gold Operations generated more than 70,000 ounces of gold over FY23, meeting the upper end of guidance calculations. The production metrics mean the NSW mine has met or exceeded guidance in every year of operations, while all-in sustaining costs are expected to clock in between A$1,550 and A$1,750 an ounce for the 12-month period. Earner says FY23 was a busy year for Tomingley, characterised by government approval for a project extension and underground development.
Managing Director Nic Earner explains how Alkane manages to consistently meet or exceed production guidance year on year, and outlines future expectations for Tomingley Gold Operations.
This presentation by Alkane Managing Director Nic Earner was filmed at 121 Mining Investment London on 10 May 2023
Alkane Resources Ltd (ASX:ALK) MD Nic Earner talks Proactive through the company’s March quarterly activities. At its flagship Tomingley Gold Operations the company achieved production of 16,641 ounces which met forecasts for the quarter. FY2023 production guidance for Tomingley has now been increased to 65,000 to 73,000 ounces. Also in the period, the company announced an initial inferred mineral resource for Kaiser Deposit of 270 million tonnes grading 0.54 g/t gold equivalent for 4.7 million ounces gold equivalent (480,000 tonnes of copper and 2.05 million ounces of gold).
Alkane Resources Ltd (ASX:ALK) MD Nic Earner tells Proactive the company has entered into an agreement with Sandfire Resources Ltd to acquire two packages of exploration tenements in the Macquarie Arc of New South Wales in return for $1.9 million worth of ALK shares. The two projects will be wholly acquired by Alkane with no underlying royalties or liabilities and are considered to be highly prospective for gold-copper porphyry deposits.
Alkane Resources Limited, Managing Director, Nic Earner and Technical Director, Ian Chalmers provide an investor update covering recent activity including the approval of the extension of the Tomingley gold operation, the release of the first half results for fiscal 2023 and the announcement of the maiden resource estimate for the Kaiser area within the North Molong Porphyry Project.
Alkane Resources Ltd (ASX:ALK) managing director Nic Earner brings Proactive up to speed on a key greenlight for the Tomingley Gold Extension Project. The government’s tick of approval paves the way for the company’s environmental protection licence and mining lease applications, which Earner expects to come to hand mid-this year. Alkane has also struck up a $50 million debt facility with Macquarie and cemented hedging agreements, locking in pricing over 100,000 gold ounces until 2026.