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Alkane Resources Ltd

Alkane Resources "very well placed" to move underground at Tomingley gold mine

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive Investors on the move to underground mining operations at the Tomingley gold mine in Central West NSW.

Open cut milling is set to finish in April next year, with underground ore slated to be processed from September or October. The new developments will pave the way for recovery of a further 93,000 ounces of gold, with potential upside from exploration works.

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Price: $0.65

Market: ASX
Market Cap: $328.96 m
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Alkane Resources set to add to golden bounty at Tomingley

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive Investors on a significant near-mine exploration target defined at the Tomingley Gold Operations (TGO) in Central West NSW. This target is between 15.8 and 23.8 million tonnes at a grade ranging between 1.7 to...

on 11/7/19

2 min read