Alkane Resources shares rise as more drill results received from Roswell, JORC resource imminent
A maiden JORC resource for the Roswell prospect is expected to be released in January as drilling continues at San Antonio.
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 chairman Ian Gandel lifts holding to 23.45%
The company is accelerating the exploration and development of the Tomingley Gold Corridor within its Tomingley Gold Project in NSW.
Gold at all-time highs in AUD attractive to offshore investors
The gold price is most commonly quoted in US dollars and recently it has traded over US$1,600 per ounce.
Alkane Resources directors accept 100% of rights as $40.6 million offer completes
All five board members including the managing director and chairman took up their 1:8 rights in the recent rights issue.
Alkane Resources intersects additional broad high-grade gold up to 139.5 g/t at Tomingley in NSW
Following the initial 60,000-metre resource drilling program initialled in June 2019, the company has now completed 28,868 metres with the latest assays comprising 10,000 metres of drilling.
Alkane Resources raising up to $54.8 million to accelerate gold exploration and development
The capital raising includes an institutional placement to raise $20 million and a rights issue to raise up to $34.8 million.
Alkane Resources granted trading halt with material capital raising news pending
The company’s securities will remain in a trading halt until Thursday, November 20, or when an announcement is made to the market.
Alkane Resources outlines five more holes at recent Boda porphyry discovery
The drill rig is expected on site early next week with results to be released hole by hole.
Alkane Resources closes in on maiden JORC for Roswell after more assays received
A maiden JORC resource for the Roswell prospect is expected in December.
Alkane Resources’ managing director appointed to Genesis Minerals Board of Directors
The company’s latest drilling program has yielded broad, shallow high-grade intersections that demonstrate the potential for material project life extension.
Alkane Resources continues upward march with more high-grade gold results
The company has received further strong results from regional drilling south of the Tomingley Gold Operations.
Alkane Resources has another board member buy shares on-market
This purchase follows on from the recent $1.07 million share purchase by the chairman.
Alkane Resources chairman buys over $1 million of stock on-market
Chairman Ian Gandel is a renowned businessman and an investor in the mining industry since 1994.
Alkane Resources shares run higher on discovery of possible porphyry
Shares hit a high of 48.5 cents this morning, which is up 26% on Friday’s close.
Alkane Resources in trading halt with exploration results pending
The halt will remain in place until Tuesday, September 10 or when an announcement is released to the market.
Alkane Resources drills gold at resource expansion target area
The Roswell, San Antonio and El Paso target area has potential to provide valuable gold resources to increase the mine life of Tomingley.
Alkane Resources gains new substantial holder Genesis Minerals Limited with 5.82% holding
Alkane is a gold producer through its Tomingley operations and also owns a construction-ready rare earths project.
Alkane Resources does deal to build stake to 15% in Genesis Minerals
Through an executed share subscription agreement and underwriting agreement, Alkane plans to invest $6 million to build its stake to around 15% in Genesis.
Alkane Resources drills 110 metres at 1.97 g/t gold at Peak Hill
The Peak Hill Gold Mine (PHGM) is on care and maintenance and located 15 kilometres sound of the Tomingley Gold Operations (TGO).
Shares in Alkane Resources continue to benefit from twin exposure to gold production and rare earths
Alkane Resources has gold at Tomingley and rare earths and zircon at Dubbo
Alkane Resources produces 48,969 ounces of gold in FY19 and ends with strong balance sheet
Alkane is a gold producer through its Tomingley operations and also owns a construction-ready rare earths project.
Alkane Resources reveals Exploration Target for Roswell, San Antonio, El Paso
The target area has the potential to provide valuable gold resources to increase the mine life of Tomgingley.
The Rare Earth story - permanent magnets
Samso seeks to help clients with business development and public investor/relation needs. Samso has more than 30 years of experience in developing business ideas and concepts in the Australasian region.
Miners are delivering massive share price rises now that gold is on the move
Equities always move more strongly than the underlying commodity, and the current bout of strength is no exception
Alkane Resources builds case for major near-mine gold discovery
Importantly, gold is being intersected within 4 kilometres of the Tomingley processing facility.
Rare earths companies the subject of intense buying, as China’s threats to restrict global supply sink in
Economic brinkmanship between the US and China continues to distort markets
Alkane Resources does deal with Korean company for processing technology
The aim is to apply the clean metal processing technology to its Dubbo Zirconia and Rare Earths Project.
Alkane Resources increases gold production guidance by 8.9%
Higher expected production also brings down average operating costs to $950 per ounce.
Alkane Resources eyes mine life extension with third new gold discovery at Tomingley
Drilling results have intersected significant gold mineralisation at the El Paso prospect.
Alkane Resources invests $2.16 million in Calidus Resources to fund Warrawoona drilling
Calidus is completing the pre-feasibility study on its Warrawoona Gold Project.
Alkane Resources posts strong gold production, increases guidance
FY19 gold production guidance has been increased by 18.6% using the range midpoints.
Alkane Resources drills evidence of material mine life extension
Very promising drill results have been returned from the Roswell and San Antonio prospects.
What does Wesfarmers’ A$1.5bn bid for Lynas mean for the rest of the rare earths miners?
Wesfarmers has put the cat amongst the rare earth pigeons
Alkane Resources posts half-yearly revenues of $52 million as Tomingley gold production moves underground
The company has cash, bullion and investments of $80.5 million with no corporate debt.
Alkane Resources' Tomingley gold paves way for Dubbo rare earths story
Potential offtake partners may have electric-vehicle market demand in mind.
Alkane Resources begins underground mining at Tomingley Gold Project in NSW
Towards the end of last year the company purchased second-hand mining equipment and refurbished it to suit the operation’s needs.
Alkane Resources continues drilling at Tomingley to define additional gold resources
Aim is to define additional resources that have the potential to be mined and fed to the Tomingley gold operations.
Alkane Resources lifts stake in gold explorer Calidus Resources to 10.19%
The gold producer and rare earths developer has acquired further shares with a total value exceeding $556,000.
Investments and investor services
Alkane Resources gives notice to terminate $8 million Explaurum investment
The follows acceptance by Explaurum’s board of an improved takeover offer from Ramelius Resources.
Alkane Resources confirms unanimous support from Explaurum board for its $8 million investment
The Explaurum investment is part of Alkane’s strategy of investing in junior gold companies with projects that have passed due diligence review and Alkane’s investment criteria.
Investments and investor services
Alkane Resources progresses $8 million investment in Explaurum Ltd
A takeover bid for Explaurum has not been improved, prompting the gold explorer to focus on implementing the Alkane transaction.
Alkane Resources' gold is fuelling prospects for Dubbo rare earths development
The Dubbo project could deliver rare earths from the Central West of NSW to international markets.
Alkane Resources to invest $8 million in gold junior Explaurum
The investment will represent a 12.2% interest in Explaurum, which can be increased to 19.96% upon the exercise of associated share options.
Alkane Resources enters trading halt ahead of equity investment in listed exploration company
The company has been undertaking an extensive regional exploration program to find additional resources to be fed into its Tomingley Gold Operations.
Alkane Resources hits high-grade gold in Tomingley regional drill program
The company is confident of defining further resources to provide additional feed for processing operations.
Alkane Resources reveals gold resource at Peak Hill mine near Tomingley Gold Operations
Alkane has identified the potential for Peak Hill Gold Mine to provide additional ore feed for its Tomingley Gold Operations.
Alkane Resources completes $3.7 million investment into Calidus to develop Warrawoona Gold Project
The shareholding represents an 8.8% interest in Calidus, which can be increased to 10% upon the exercise of associated share options.
Alkane Resources granted trading halt with news of equity investment pending
The halt will remain in place until the start of trade on Wednesday or until an announcement is released to the market.
Alkane Resources looks underground after stellar year at Tomingley Gold Operations
The company produced 78,533 ounces of gold in FY2018 for $128.8 million revenue at an AISC of $1,002 per ounce.
Alkane Resources green light for Tomingley Gold Operations underground development
First underground ore is expected to be produced in the middle of next year with processing to begin in the final quarter of 2019.
Alkane Resources director Anthony Dean Lethlean snaps up more shares from the market
The company recently intersected high-grade gold at its Tomingley Gold Operations in New South Wales.
Alkane Resources director shows faith in multi-commodity strategy with on-market share purchase
The company’s Dubbo project is construction-ready and represents a source of rare earths and zirconium.
Alkane Resources leveraged to US rare earths purchase bans which create new demand potential
The company’s Dubbo project is construction ready and represents an independent supplier of rare earths such as hafnium, niobium and zirconium.
Alkane Resources’ gold drilling results confirm near-mine potential at Tomingley
Exploration program has focused on the resource potential of the immediate mine area.
Alkane Resources director buys one million shares on-market
David Chalmers spent 11 years as managing director of the company.
Alkane Resources confirms up to $1.2 billion valuation for Dubbo Project
The markets for the Dubbo Project's products are experiencing positive effects.
Alkane Resources is an award winning gold miner with a multi-commodity construction-ready project
The Dubbo Project hosts zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.
Alkane Resources wins mining operation of the year award
The spot gold price is at A$1,703 per ounce, well above production costs at the TGO.
Alkane Resources develops new process to produce hafnium
The high-purity product will help meet a growing global shortage of hafnium.
Alkane Resources confirms depth potential at Tomingley Gold Operations
Drilling results will be included in an underground mining study.
Alkane Resources drill results may extend open pit to underground
Any extension to Tomingley's mine life will add significant value to the gold operations.
Alkane Resources maintains focus to refresh board
Alkane will hold its annual general meeting on the 29th November 2017.
Alkane Resources doubles Proved Ore Reserves of Dubbo Project
The company's gold producing asset is supported by the Dubbo Project, which remains construction ready and supported by rising prices.
Alkane Resources' Ian Chalmers passes the baton to Nic Earner
Nic Earner has been working for Alkane for over four years.
Alkane Resources reveals epithermal style gold from Northern Molong Porphyry Project
Northern Molong covers a large portion of the northern Molong Volcanic Belt.
Alkane Resources discovers more gold at Tomingley after record production quarter
The El Paso prospect has the potential to host Tomingley-style gold deposits
Alkane Resources confirms a record June quarter for gold production
A strong June quarter of gold production has resulted in a slight beat to FY2017 guidance.
Alkane Resources upgrades gold production guidance
The company produces gold from the Tomingley Gold Operations in New South Wales.
Alkane Resources boosts quarterly gold production
The company had A$29.0 million in cash and gold at the end of March.
Alkane Resources looks to build gold inventory with drilling
Drill results show positive signs for additional gold at Tomingley.
Alkane Resources reveals Molong Porphyry draws comparisons to Ridgeway deposit
Alkane was also added to the All Ordinaries Index in the March 2017 re-balance.
Alkane Resources named in top performing companies on OTCQX
Alkane Resources recorded a 2016 return of 54.60%.
Alkane Resources assays to extend Tomingley gold operations
Alkane Resources looks to extend Tomingley's life of mine.
Alkane Resources sends samples to potential customers of DZP
The DZP is a large polymetallic resource containing zirconium, hafnium, niobium, yttrium and rare earths.
Alkane Resources Ltd retains focus on gold cash flows with rare earth upside
Alkane shares have traded up 145% year to date, currently priced at $0.585.
Alkane Resources Ltd shares continue their stellar year
Alkane Resources Ltd's shares are trading up over 160% year to date.
Alkane Resources Ltd see chance to lower capital costs by US$450M
Alkane Resources Ltd (ASX:ALK) has conducted an internal review that shows an opportunity to lower initial capital costs at the Dubbo Zirconia Project to US$480 million from US$930 million.
Alkane Resources Ltd signs MOU as share price continues upswing
Alkane has signed a MOU with the Australian arm of Siemens AG.
Alkane Resources Ltd kicks off large exploration program at Tomingley
Alkane’s commitment to exploration at Tomingley makes for a sustainable cash-generating gold operation in an environment of high gold prices, currently at A$1,745 per ounce.
Alkane Resources Ltd signs zirconium marketing and sales agreement
The signing of this exclusive agreement with the experienced Minchem is an important step for Alkane as it moves towards securing financing for the Dubbo Zirconia Project.
Alkane Resources Ltd's gold production prompts Speculative Buy from broker
Gold production from the Tomingley Gold Operations was up 24% in the June quarter, delivering FY16 production of 67,800 ounces, within guidance.
Alkane Resources Ltd achieves gold production guidance for FY16
Alkane’s gold production for FY16 was within guidance. With further evidence of quarterly production increasing and costs decreasing, TGO is becoming a more profitable cash producing asset for Alkane.
Alkane Resources Ltd completes $16.5M raising as gold soars
Alkane has guided Tomingley FY16 gold production of 60,000-70,000 ounces at a total operating cost of A$1,250-1,350 per ounce. The AUD gold price is currently trading at A$1,795 per ounce.
Alkane Resources Ltd bags $12.4M to develop Dubbo Zirconia Project
The DZP is located northwest of Sydney and is a large polymetallic resources containing zirconium, hafnium, niobium, yttrium and rare earths. The project has reserves to support a 35 year mine life and it has a NPV of US$0.92 billion.
Alkane Resources Ltd finds gold-copper evidence of another Cadia
Alkane is attempting to identify a large copper gold porphyry at Bodangora, which we know exist in the region thanks to Cadia Valley.
Alkane Resources Ltd locks in gold hedge at A$1,715 an ounce
Alkane has entered into AUD gold forwards for 48,633 ounces at A$1,715 per ounce. The new forwards, in conjunction with the existing contracts for 24,000 ounces at A$1,618 per ounce, will support 16 months of strong operating cash flows.
Alkane Resources Ltd launches $16 million capital raising
Alkane Resources Ltd (ASX:ALK, OTCQX:ANLKY) will raise approximately $16 million through a pro-rata non-renounceable rights issue at a price of $0.20 per share.
Alkane Resources Ltd's gold production at Tomingley delivers positive cash flow
During 2016 the price of gold in Australian Dollars has traded consistently above A$1600 an ounce, providing the opportunity for significant margins.
Alkane Resources Ltd secures deal to toll process rare earths in Vietnam
Finalising the agreements proposed in the Letter of Intent with Vietnam Rare Earth JSC will position Alkane as a world competitive producer of separated rare earths.
Alkane Resources Limited granted Environment Protection Licence for DZP
Alkane is now positioned to potentially supply commodities of critical and strategic importance to customers across the globe, as the DZP will produce zirconium, hafnium, niobium, light rare earths and heavy rare earths.
Alkane Resources rides higher gold prices and lower costs at Tomingley
Production guidance is 60,000-70,000 ounces at an AISC of between $1,200 and $1,300 per ounce for the year ending 30 June 2016 at Tomingley.
Alkane Resources gold business purrs as strategic metal plans advance
Alkane Resources has tracked steady production at its Tomingley gold operations in New South Wales, where new potential for a project expansion could offer more long-term support as the company drives a diligent strategic metals development
Alkane Resources' granted mining lease for Dubbo Zirconia Project
The project is based upon large in-ground resources of the metals zirconium, hafnium, niobium, (tantalum), yttrium and rare earth elements.
Alkane Resources defines underground gold reserve at Tomingley
Alkane Resources has defined a maiden reserve at its Tomingley gold operation in New South Wales, setting up potential for a long-term underground mine as open pit activity increases.
Alkane Resources adds to bankroll as gold production grows
Alkane Resources increased its cash position by A$6 million over the September quarter to $20.8 million as the company’s Tomingley gold operation in New South Wales improved production by 40%.
Alkane Resources reaps revenue rewards at Tomingley Gold
Alkane's Tomingley is operating at design capacity and July - August production was 15,191 ounces at an All-in-sustaining-cost of A$1088 an ounce. With the price of gold recently sitting comfortably above A$1500 an ounce, this is delivering