Company
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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The zirconia and rare earths project is expected to generate annual revenue of $580 million and EBITDA of $320 million. NPV is estimated at $1.22 billion while Capex is expected to be about $1.3 billion.
Alkane Resources' gold sales surpassed A$100M from Tomingley in FY15. Now a rising Australian Dollar Gold price is improving margins. Ian Chalmers, managing director of Alkane, speaks exclusively in Proactive Q&A Sessions™.
Federal environmental approval has been received for proposed mining of the Toongi deposit. The Dubbo Zirconia Project is an internationally strategic project that could make Alkane Resources a significant non-Chinese producer of zirconium
Alkane's Tomingley produced 69,612 gold ounces during FY15 - within guidance. Cash flow was an impressive $23.7M. Funds have been allocated to the Dubbo Zirconia Project for feasibility and engineering studies. This funding strategy is non-
The company can now proceed with applications for the environmental licence and mining leases as well as securing project finance to advance the project into the development phase. DZP is an internationally strategic project that could make
In a significant milestone, Alkane Resources will immediately begin construction at its Tomingley Gold Project after being granted a mining lease for the project by the NSW Government. First gold output is slated for late 2013 following an
The recent quarterly rebalance of S&P Indices shows the success with which miners continue to lead the way in the Australian market.
The good news keeps on rolling in for Alkane, with the latest a robust DFS. With a base case of 400,000t annually delivering very positive returns, the likely development to 1,000,000t provides a substantial upside with a 20 year EBITDA est
