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Alkane Resources sets the wheels in motion at Tomingley Gold Extension Project

Alkane Resources sets the wheels in motion at Tomingley Gold Extension Project

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner brings Proactive up to speed on a key greenlight for the Tomingley Gold Extension Project. The government’s tick of approval paves the way for the company’s environmental protection licence and mining lease applications, which Earner expects to come to hand mid-this year. Alkane has also struck up a $50 million debt facility with Macquarie and cemented hedging agreements, locking in pricing over 100,000 gold ounces until 2026.