Tag: Alkane Resources

DESPITE the uncertainties caused by COVID, gold appears to have recovered swiftly on the markets, exceeding the $2500/oz mark in mid-June. The bullish outlook is certainly encouraging news for gold miners, none more so than Alkane Resources, a gold production company with a multi?commodity exploration and development portfolio. Alkane’s projects are predominantly in the Central West Region of NSW, but extend throughout Australia through investments in other gold exploration and mining companies. Alkane’s gold production is from the Tomingley Gold Operations (TGO), which has been operating since early 2014, and its most advanced gold exploration projects are in the fully Alkane-owned tenement area between TGO and Peak Hill, which have the potential for sourcing additional ore for TGO. Alkane has...

ALKANE Resources has continued on its stellar run for 2019. The company’s shares, hovering at about $0.20c in May, have marched upward to $0.80c by mid-October on the back of a strong gold market, the transition to underground mining commencing at its flagship Tomingley Gold Project in NSW and exciting results from its exploration program. The exploration program has returned and a host of high-grade results from an aggressive drilling campaign at the San Antonio and Roswell prospects, which provide ore feed for the Tomingley Gold Project. And, in what is being compared to Newcrest’s Cadia East deposit, the company has confirmed a significant copper-gold porphyry mineralisation at the Boda and Kaiser prospects in its Northern Molong Porphyry Project (NMPP)....

ALKANE Resources is striving to capitalise on lithium and rare earths demand with cash flow from its Tomingley Gold Operations in NSW driving development of the nearby poly-metallic Dubbo project. Early this year operations at Tomingley, which had historically produced 1 million tonnes of gold per annum,  transitioned from open pit to underground mining. Both the main decline and vent portals had been established and first production of ore was expected by the second half of 2019. In a statement, Alkane managing director Nic Earner said the company had a strong financial year ahead to June 2019 with a production guidance of between 35,000 and 40,000 ounces of gold at an All-In Sustaining Cost of between$1050 and $1150 per ounce....

Image: the city of Dubbo.   BY ELIZABETH FABRI   AT the geographic heart of NSW lies the regional centre of Dubbo – the largest city in the Orana region with an impressive and growing economic profile. A new wave of mining projects is set to give the town a boost, with added jobs and flow-on benefits to local business.   Dubbo businesses already supply goods and services to a number of mining operations around the region and the promise of new mines is set to increase opportunities. Dubbo mayor Ben Shields said mining was a growth industry in the region, with businesses expanding and taking advantage of the city’s strategic location and junction for road, rail and air freight services. “From heavy...