Company
Alkane Resources Ltd
ASX:ALK
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer. The company has three wholly owned producing mines across Australia and Sweden: Tomingley (gold, NSW), Costerfield (gold-antimony, Victoria) and Björkdal (gold, northern Sweden). Alkane also owns the large gold-copper porphyry Boda-Kaiser Project in NSW
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Alkane Resources buoyed by gold growth potential outside Tomingley extension resource
“Of particular interest is the steadily growing McLeans prospect, as this is located adjacent to our existing exploration drive and could readily be added to our production schedule should it prove economic,” said MD Nic Earner.
Alkane Resources fields further broad copper-gold as NMPP firms as potential tier-one project
A drill hole at the Korridor Prospect northwest of the 5.2 million ounces of gold and 900,000 tonnes of copper Boda resource has intersected more than one kilometre of continuous mineralisation.
Alkane Resources' strong gold production in Q1 prompts Edison Investment Research to review full-year estimates
The company’s operations were adversely affected by unusually high levels of rainfall in New South Wales but were more than offset by a head grade that was above even the company’s expectations.
Alkane Resources releases updated mineral resource and ore reserve estimates for the Tomingley Gold Project
The update takes in the current production facility at the Tomingley Gold Operations (TGO), the Roswell and San Antonio deposits and the Peak Hill Gold Project in the Central West region of New South Wales.
Alkane Resources uncovers copper enriched zone near surface at Kaiser near Boda resource
“The initial shallow resource drilling program at Kaiser is revealing a copper enriched near-surface zone that appears to be increasing in grade to the northwest,” said MD Nic Earner.
Alkane Resources notches record A$70.3 million profit after tax
The gold stock also delivered a 29% uplift in revenue, a 17% jump in gold production and a 20% improvement in sales.
Alkane Resources defines shallow high-grade gold-copper zones at Kaiser prospect
The new zones at Kaiser sits on a strike length of 800 metres, and the best results have been located within the southeast of the drilling and continues over a length of 350 metres the west-northwest.
Alkane Resources defines shallow, broad high-grade gold-copper at Kaiser prospect near Boda discovery
The new zones at Kaiser sit on a strike length of 800 metres and the best results are from the southeast of prospect and continue over a length of 350 metres to the west-northwest.
Alkane Resources' tangible assets cover 136% of share price: Edison Investment Research
Where before Tomingley, Calidus and Genesis had been the only tangible contributors to Alkane’s valuation, they have now been joined by Boda, which the company estimates is worth an immediate US$125.5 million or A$0.31/share.
Alkane Resources exceeds gold production guidance
The company has exceeded its FY2022 production guidance, with the Tomingley Operations producing 66,804 ounces of gold for the 12 months to June 30, 2022.
Alkane Resources posts maiden inferred resource of 10.1 million gold equivalent ounces at Boda deposit
Alkane MD Nic Earner said this resource at Boda is just the beginning and the company is planning further drilling across its tenement package.
Alkane Resources passes 500,000-ounce gold milestone at Tomingley
“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,” says MD.
Alkane Resources boosts gold resource 37% for Tomingley’s Roswell deposit to 904,000 ounces
“With the project approval process well underway we look forward to delivering on this potential for our shareholders, employees and other stakeholders in NSW,” says MD.
Alkane Resources fields more broad gold-copper hits from completed Boda resource drilling, initial estimate underway
Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the company believes has the potential to be a large, tier-one gold-copper project.
Alkane Resources' first stage of resource drilling at Boda nears completion
Final assays from the Boda higher-grade resource drilling are scheduled for March and will be incorporated into the maiden resource estimation database.
Alkane Resources produces 16,935 ounces of gold from Tomingley in December quarter; re-iterates FY22 guidance
Gold sold for the quarter was 17,754 ounces at an average sales price of A$2,475/ ounce, generating revenue of A$43.9 million.
Alkane Resources up 21.8% on intersecting further broad gold and copper northwest of Boda discovery
Gold-copper mineralisation is now outlined over a three kilometres strike length from Boda Three to Kaiser.
Alkane Resources continues to grow Boda system with more broad gold-copper intersections
Assay results have been received for a further 19 core and reverse circulation drill holes testing the extensive gold-copper mineralisation at Boda, Boda Two, Boda Three and Kaiser within the Northern Molong Porphyry Project.
Alkane Resources price target gets 15% boost to $1.50 by Ord Minnett following Tomingley study, FY22 guidance
Broker says Alkane now trades at a discount to its NAV at 0.75 times and has the potential to re-rate to that of a 100,000 ounces midcap gold producer.
Alkane Resources expands Tomingley growth promise with multiple new gold intercepts
The latest drill results have the potential to expand the existing resource as well as open up new gold prospects.
Alkane Resources reviews gold mineral resource and ore reserves for FY21
The gold producer was able to increase its total resources and ore reserves against the previous financial year thanks to work at the Roswell and San Antonio deposits.
Alkane Resources delivers FY21 profit after tax of A$55.7 million
The company’s gold production is from the Tomingley Gold Operations in Central West New South Wales, where it is expediting a development pathway to extend mine life beyond 2030.
Alkane Resources new Boda gold-copper results bode well for budding multi-mine producer
“The high-grade breccia zone at surface not only further emphasises the large vertical depth of the system, but also gives rise to considering open cut as a potential mining method at Boda,” says MD.
Alkane Resources halted with update pending on exploration results from Boda Project
The company’s shares will remain in a trading halt until Tuesday, August 17, or when an announcement is released to the market.
Alkane Resources share price gains 62% in June quarter amid increasing gold production
During the June quarter, gold production at the Tomingley operations was above forecasts at 13,500 ounces with site operating cash costs at A$1,199/ounce and all-in sustaining costs (AISC) of A$1,669/ounce.
Alkane Resources upbeat as Tomingley Gold Operations exceed production and AISC forecasts in FY21
Today’s update indicates gold production at Tomingley has even surpassed revised production guidance, which was updated in April because of higher-than-expected material grades.
Alkane Resources extends Tomingley Gold Operations life beyond 2030 with decision to mine Roswell and San Antonio deposits
The San Antonio mineral resource estimate stands at 406,000 ounces of gold while Roswell has 660,000 ounces to date.
Alkane Resources chairman Ian Gandel buys shares worth $2.92 million
Alkane produced 16,000 ounces of gold at the Tomingley Gold Mine in NSW during the March quarter which exceeded stockbroker Ord Minnett’s expectations by 33%.
Alkane Resources’ gold production in March quarter beats Ord Minnett’s expectations
Ord Minnett has a buy recommendation and a $1.30 per share price target for Alkane, which is a 48% valuation upside on the current share price of 88 cents.
Alkane Resources shares surge following further high-grade gold-copper hits at Boda Prospect
Assays received from the current drilling program at Boda and Boda Two comprised of seven diamond core holes for a total of 10,091 metres.
Alkane Resources in trading halt pending drill results from Boda discovery
Higher gold production in the March quarter prompted the company to increase its financial year 2021 guidance to 50,000-55,000 ounces at a reduced all-in-sustaining cost (AISC) of A$1,400 to A$1,550 per ounce.
Alkane Resources March quarter gold production above forecast at 16,040 ounces, guidance lifted
The gold producer has again increased its 2021 financial year guidance to 50,000-55,000 ounces at a reduced AISC of A$1,400 to A$1,550 per ounce.
Alkane Resources hits broad gold-copper porphyry mineralisation at Kaiser, adds further strength to Boda discovery
“Our drill program is revealing not only the very large scale of Boda, but potential repeat systems of significant scale within a structural corridor,” says MD.
Alkane Resources delivers half-year profit after tax of A$38.8 million driven by 90% lift in gold production
The company’s guidance for FY2021 has been increased to 47,000-52,000 ounces at an AISC of $1,450 to A$1,600 per ounce.
Alkane Resources updated San Antonio resource estimate takes Tomingley extension to almost 1.1 million ounces
The company is preparing detailed mine plans for Roswell and San Antonio to enable an economic assessment and aims to release them later this quarter.
Alkane Resources continues to enhance gold story in Central West NSW through production, development and exploration
With a major drill program ongoing at Boda throughout 2021, Alkane is confident of further consolidating the reputation of Central West NSW as a major gold production region.
Alkane Resources completes resource drilling at San Antonio deposit with updated resource estimate expected shortly
Once the Indicated Resource for San Antonio has been calculated, the company expects to release mine plans for the deposit which will allow an economic assessment to be prepared.
Alkane Resources set for a golden year after bumper December quarter
The quarter was highlighted by $38.2 million in gold sales from its Tomingley Gold Operations in NSW along with strong results from drilling.
Alkane Resources confirms large-scale Boda potential with reorientated drilling returning broad high-grade gold and copper zones
Boda is a landmark porphyry gold-copper system which the company believes has the potential to be a large, tier-one gold-copper project.
Alkane Resources enhances regional gold bounty at Tomingley operations with hits up to 58.3 g/t at San Antonio resource
The San Antonio updated resource estimate will be released once the assay results are received, expected to be mid-January 2021.
Alkane Resources doubles size of Boda target zone on revealing further extensive gold-copper zones
Drilling continues to expand the footprint of Boda and remains open to the northwest, south and at depth.
Alkane Resources lifts Roswell gold resource 50% to 660,000 ounces ahead of San Antonio resource update next month
Drilling is continuing in the prospective corridor south of Roswell and an updated mineral resource for the neighbouring San Antonio deposit is anticipated next month.
Alkane Resources fields high-grade Roswell infill results ahead of gold resource update next month
San Antonio infill resource drilling is continuing ahead of an updated mineral resource estimate, with preliminary mine plans for Roswell and San Antonio scheduled for release by the end of the year.
Alkane Resources focused on growing gold bounty through exploration and strategic investments
The company’s near-term plans include developing its Tomingley Extension Project, exploration of the Boda disocvery as well as strategic gold investments.
Alkane Resources added to S&P/ASX 300 Index in rebalance
The company delivered a profit after tax of $12.8 million for the financial year ended 30 June 2020.
Alkane Resources identifies high-grade extensions below Roswell inferred resource
The results “show the potential for an underground mine that continues to extend at depth, with impressive grades continuing,” says MD.
Alkane Resources delivers profit after tax of $12.8 million; aims to expand gold production in NSW
The company recently de-merged its Dubbo Project into a separate entity, Australian Strategic Materials Limited, which listed on the ASX last month.
Alkane Resources advances approvals for new operations to extend life of Tomingley Gold Project
The company is seeking approval from the NSW Government for mining development via underground and open cut at the San Antonio and Roswell deposits, as well as extension to the life of Tomingley Gold Operations.
Alkane Resources updates gold resources and reserves for its projects in New South Wales
The company’s total resource as at June 30 2020 is 25.4 million tonnes grading 1.9 g/t gold for 1.616 million ounces.
Australian Strategic Materials production of titanium metal alloy confirms up to 50% energy saving
The electrorefining process to produce high purity titanium metal of 99.9% is progressing in South Korea with results expected next month.
Alkane Resources retains 12.7% major shareholding in WA gold pre-developer Calidus
$3.2 million was invested in Calidus’ $25 million placement which “highlights the superb level of support for our strategic plan to accelerate development of Warrawoona”, says MD.
Alkane Resources chairman lifts substantial holding to 24.762% with on-market purchases
Ian Gandel has continued to show his support for the company’s gold strategy with shares valued at almost $13.76 million acquired in three transactions.
Alkane Resources shareholders overwhelmingly approve spinoff of specialty materials unit
Australian Strategic Materials will become one of Australia’s preeminent specialty materials development companies when it lists on the ASX this month.
Alkane Resources hits more broad, high-grade gold at Roswell and San Antonio
Recent drilling has been infilling the defined inferred resources of 445,000 ounces at Roswell and 453,000 ounces at San Antonio.
Australian Strategic Materials Korean JV produces high-quality neodymium metal alloy
Assaying has confirmed an intermediate neodymium (87%) alloy ingot with electrorefining expected to produce a 99.9% metal by the end of this month.
Alkane Resources meets upgraded FY2020 guidance for Tomingley Gold Operations
The operations produced 33,507 ounces during the 12 months and the company remains "buoyant about the longer-term prospects at Tomingley".
Australian Strategic Materials Korean JV produces titanium metal alloy with 45% power saving
In the next phase, the alloy will be used to produce high purity (99.9%) titanium metal via the electro-refining process.
Alkane Resources shares up 12% on back of thick high-grade gold hits at Roswell and San Antonio
The Roswell and San Antonio deposits are within the Tomingley Gold Operations where Alkane has been conducting an extensive regional exploration program.
Alkane Resources schedules meeting to vote on demerger of Australian Strategic Materials
Rare earths focused ASM owns the $1 billion Dubbo Project in Central West NSW and is building a pilot plant facility in South Korea.
Australian Strategic Materials Korean JV partner gains US$4.5 million for clean metals R&D
ZironTech has received grant funding for the development of a low-emission, high-purity metal refining technology that can be applied to zirconium, titanium, rare earths for permanent magnet alloys.
Australian Strategic Materials a step closer to listing on the ASX
ASM is building a pilot plant facility in South Korea and holds the $1 billion Dubbo Project, a polymetallic project with large in-ground resources of zirconium and rare earth elements.
S&P/ASX 200 rallies 2.1% after COVID-19 vaccine shows positive results in early trial
Mining majors joined the rally with BHP rising 5.3% and Rio Tinto up 4.5%.
Alkane Resources broad gold-copper hits provide further evidence of Boda porphyry potential
A major RC and diamond core drilling program is planned to begin early next quarter to further test the high-grade core and larger resource potential at Boda.
Alkane Resources gets green light for underground exploration drive to reach new gold deposits
The exploration drive approval allows for development within a nominated corridor as it is recognised that the exact location will vary as the mineralisation is further identified.
Alkane Resources subsidiary ASM closer to completing commercial pilot plant for critical metals in South Korea
Commissioning of the pilot plant by Australian Strategic Materials is scheduled for the second and third quarters of 2020, with initial focus on production of high-value zirconium and hafnium metals.
Alkane Resources reveals more extensive porphyry copper-gold at Boda discovery
Diamond hole KSDD008 has returned a 965.7-metre intersection from 7.3 metres at 0.21 g/t gold and 0.11% copper.
Alkane Resources lifts gold bounty in Tomingley Corridor to plus-1 million ounces
The company has declared an initial inferred resource of 453,000 ounces for the San Antonio deposit.
Alkane Resources regional drilling south of TGO returns further broad, high-grade gold
The results will be included in a maiden resource estimate for the San Antonio prospect, which is expected shortly.
Alkane Resources on track to exceed FY20 minimum gold production guidance
Since February, the company has been acting in response to information from State and Federal authorities and complying with recommended measures to combat COVID-19.
Alkane Resources intersects high-grade gold, copper at Boda Prospect
Intersecting both a high-grade zone and a large consistent body of mineralisation show this area has the potential to be a future mining operation.
Alkane Resources in trading halt ahead of exploration results from Boda Prospect
The trading halt will remain in place until Monday, March 23, or when an announcement is released to the market.
Alkane Resources hits 49 metres at 8.71 g/t gold in resource definition drilling at San Antonio and Roswell
Assay results have been received for a further 13,000 metres of an initial 60,000-metre resource definition drilling program on San Antonio and Roswell prospects.
Alkane Resources closer to Dubbo Project development as Export Finance Australia confirms financing interest
The company’s Dubbo project represents a potential independent supply of critical minerals and is ready for development, subject to financing.
Alkane Resources drills 689-metre gold-copper porphyry section at Boda discovery
Shares opened at $1.16, a new 8-year high for Alkane stock as confidence rises for a significant porphyry discovery.
Alkane Resources in trading halt ahead of Boda results
In 2019, Alkane discovered significant porphyry gold-copper mineralisation at the Boda Prospect.
Alkane Resources appoints David Woodall to run Dubbo Project, shares up 14%
The Dubbo Project is the most advanced poly-metallic project of its kind outside China and is development-ready subject to financing.
Alkane Resources adds to Tomingley gold bounty with 445,000-ounce Roswell resource
Drilling is continuing in the prospective corridor south of Roswell and an initial inferred resource for the San Antonio deposit is anticipated in March.