Tomingley Celebrates 500,000 Ounce Milestone - Alkane Resources Ltd
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Tomingley Celebrates 500,000 Ounce Milestone

Alkane Resources is pleased to announce that today the 500,000th ounce of gold was poured at Tomingley.

Alkane Resources Managing Director, Nic Earner, said:

“Pouring our 500,000th ounce is a significant milestone that provides a fitting testament to the teams that have worked on the Tomingley Gold Project and Operations since the days of discovery by Alkane in the early 2000s.

“When we commenced mining at Tomingley in 2013, the plan was to produce 380,000 ounces from open cut and underground over seven years. We were also quietly confident that further discoveries would be made during that time to allow extension.

“Here we are, nine years later, entering our second decade of production and passing 500,000 ounces, proving that our confidence was well-founded. We have met or exceeded our production guidance every year of operation and surpassed our original production targets. We have expanded our resources around the existing mine and added new discoveries to the south of Tomingley. Our geological teams are seeking to expand these resources even further.

“As a result, our current Life of Mine plan shows a further ~700,000 ounces of planned production over the decade ahead.

“On behalf of the board I wish to thank our employees and contractors for their sustained excellence, and our shareholders and other stakeholders for their continued support of the Company.”

Image Caption: Tomingley employees celebrating the pour of the 500,000th ounce bar (L to R) Glenn Hyde (Processing), Jake Darlington (Electrical), Grant Everingham (Open Cut), Michael Bennett (WHS), Jon Lamont (E&C), Sally Bourchier (Commercial), Goddie Manyura (Underground), Giverny Chomiszak (Geology), Andrew Baker (Processing)