Alkane Resources Ltd (ASX:ALK)

Alkane Resources Ltd (ASX:ALK)

Share Price
$ 0.39
-0.015 (-3.70 %)
Market Cap
$197.38 m
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Alkane Resources Ltd

Alkane Resources Ltd (ASX:ALK) is 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.

Market: ASX:ALK
52-week High/Low: A$0.475 / A$0.180
Sector: Mining
Market Cap: $197.38 m
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Big Picture – A Deep Dive Examination of Alkane Resources Ltd

Alkane Resources Ltd Snapshot

Alkane Resources Ltd is an Australian multi-commodity mining and exploration company. Our products will include the technology metals zirconium, hafnium and rare earth elements that are essential for a growing range of future industries and sustainable technologies – including clean energy, aerospace, electric vehicles, automation, artificial intelligence and modern healthcare. In today’s changing global landscape, we represent a significant, long-term, reliable and independent supply option for these essential materials.

Tomingley Gold Operations

The gold operations at Tomingley are based on an original 579,000 ounce gold resource approximately 50 kilometres south-west of Dubbo in Central West NSW. Operated by Tomingley Gold Operations Pty Ltd (TGO), a wholly owned subsidiary of Alkane, Tomingley gold mine was commissioned in January 2014 and officially opened in March of that same year. The design capacity of 1Mtpa was reached in late May 2014.

(click here for more information on this project)

Dubbo Project

The Dubbo Project (DP) is a large in-ground resource of zirconium, hafnium, niobium, yttrium and rare earth elements. It is the most advanced poly-metallic project of its kind outside China, making it a potential strategic and independent supply of critical minerals for a range of sustainable technologies and future industries. It has a potential mine life of 70+ years.

(click here for more information on this project)

Toongi Pastoral Company

A wholly owned subsidiary of Alkane, Toongi Pastoral Company Pty Ltd (TPC) was established in 2016 to manage Alkane’s freehold and leasehold land and property assets surrounding the Dubbo Project (DP). This comprises a 3,500 hectare aggregation of several properties located 25km south of Dubbo. TPC will manage 1,021Ha of biodiversity offsets and 1,995Ha of agricultural land. (The DP mining and processing footprint will be 520Ha.)

(click here for more information on this project)


Alkane Resources has interests at a number of projects in Central Western New South Wales. During the 2017 financial year, exploration efforts were predominantly focused on the Tomingley Gold Project and the Northern Molong Porphyry Project.

(click here for more projects)


Last updated 6th July 2018

Ian Jeffrey Gandel
Non-Executive Chairman

Appointed Director 24 July 2006.

Mr Gandel is a successful Melbourne based businessman with extensive experience in retail management and retail property. He has been a director of the Gandel Retail Trust and has had an involvement in the construction and leasing of Gandel shopping centres. He has previously been involved in the Priceline retail chain and the CEO chain of serviced offices. Through his private investment vehicles, Mr Gandel has been an investor in the mining industry since 1994. Mr Gandel is currently a substantial holder in a number of publicly listed Australian companies and, through his private investment vehicles, now holds and explores tenements in his own right in Western Australia. Mr Gandel is a non-executive chairman of Alliance Resources Ltd.

Mr Gandel is a member of the Audit, Remuneration and Nomination Committees.

Nic Earner
Managing Director
BEng (hons)

Appointed Director and Managing Director 1 September 2017.

Mr Earner is a chemical engineer and graduate of University of Queensland with 21 years’ experience in technical and operational optimisation and management, and has held a number of executive roles in mining and processing. Mr Earner joined the Alkane Group as Chief Operations Officer in August 2013, with responsibility for the safe and efficient management of the Company’s operations at Tomingley (Tomingley Gold Operations) and Dubbo (Dubbo Project). Under his supervision, the successful development of TGO transitioned to profitable and efficient operations. His guidance also drives the engineering and metallurgical aspects of the Dubbo Project, overseeing optimisation of plant design and product and marketing development.

Prior to his appointment as the Group’s Chief Operations Officer in August 2013 he spent four years at Straits Resources Ltd including two years as Executive General Manager – Operations, supervising up to 1,000 employees in open cut and underground gold mines and an underground copper mine. During the eleven years before that he had various roles at Rio Tinto Coal Australia’s Mount Thorley Warkworth coal mine and BHPB/WMC Olympic Dam copper-uranium-gold operations. Mr Earner’s eight years at Olympic Dam included roles managing the Concentrator and Hydromet functions which included substantial milling, leaching and solvent extraction circuits. His other positions included Production Superintendent – Smelting, and Senior Engineer – Process Control, Instrumentation and Communications.

David Ian Chalmers
Technical Director

Appointed Director 10 June 1986, appointed Managing Director 5 October 2006. Appointed as Technical Director on 1 September 2017.

After almost 11 years as Managing Director Mr Chalmers stepped down to make way for the appointment of Nic Earner in his place. Mr Chalmers continues on the Board to provide ongoing technical and commercial knowledge and support to the Dubbo Project and exploration activities.

Mr Chalmers is a geologist and graduate of the Western Australia Institute of Technology (Curtin University) and has a Master of Science degree from the University of Leicester in the United Kingdom. He has worked in the mining and exploration industry for over 40 years, during which time he has had experience in all facets of exploration and mining through feasibility and development to the production phase. Mr Chalmers was Technical Director until his appointment as Managing Director in 2006, overseeing the group’s minerals exploration efforts across New South Wales, Western Australia, Indonesia and New Zealand and the development and operations of the Peak Hill Gold Mine (NSW). Since taking on the role as chief executive he has steered the Company through construction and development of the now fully operational Tomingley Gold Operations and to the threshold of development of the world class Dubbo Project.

Mr Chalmers is a member of the Nomination Committee.

Anthony Dean Lethlean
Non-Executive Director
BAppSc (Geology)

Appointed Director 30 May 2002

Mr Lethlean is a geologist with over 10 years’ mining experience, including 4 years underground on the Golden Mile in Kalgoorlie. In later years, he has worked as a resources analyst with various stockbrokers and investment banks including CIBC World Markets. He was a founding director of Helmsec Global Capital Limited which seeded, listed and funded a number of companies in a range of commodities. He retired from the group in 2014. He is also a non-executive director of Alliance Resources Ltd (appointed 15 October 2003).

Mr Lethlean is senior independent director, chairman of the Audit Committee and a member of the Remuneration and Nomination Committees.

Gavin Smith
Non-Executive Director

Mr Smith is an accomplished senior executive and non executive director within multinational business environments. He has more than 35 years experience in Information Technology, Business Development, and General Management in a wide range of industries and sectors. Mr Smith has worked for the Bosch group for the past 28 years in Australia and Germany and is the current Chair and President of Robert Bosch Australia. In this role Mr Smith has led the restructuring and transformation of the local Bosch subsidiary. Concurrent with this role, he is a non executive director of the various Bosch subsidiaries, joint ventures, and direct investment companies in Australia and New Zealand. In addition, Mr Smith is the Chair of the Internet of Things Alliance Australia (IoTAA), the peak body for organisations with an interest in the IoT.

Dennis Wilkins
Company Secretary

Since 1994 Mr Wilkins has been a director of, and involved in the executive management of, several publicly listed resource companies with operations in Australia, PNG, Scandinavia and Africa. From 1995 to 2001 he was the Finance Director of Lynas Corporation Ltd during the period when the Mt Weld Rare Earths project was acquired by the group. He was also founding director and advisor to Atlas Iron Limited at the time of Atlas’ initial public offering in 2006.

Since July 2001 Mr Wilkins has been running DWCorporate Pty Ltd where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.


Last updated 6th July 2018

Registered & Head Office
89 Burswood Road

PO Box 4384

Tel: 61 8 9227 5677
Fax: 61 8 9227 8178
Email: [email protected]

Dubbo Office
Level 2, 21 Church Street

PO Box 910

Tel: 61 2 6882 2866
Fax: 61 2 6882 9282

Tomingley Gold Mine
Tomingley West Road

PO Box 59

Tel: 61 2 6867 9780

Advanced Share Registry Services
110 Stirling Highway

Tel: (08) 9389 8033
Fax: (08) 9262 3723

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