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Alkane Resources passes 500,000-ounce gold milestone at Tomingley

Last updated: 15:10 25 May 2022 AEST, First published: 14:55 25 May 2022 AEST

Alkane Resources Ltd has passed a significant milestone, pouring its 500,000th ounce of gold at its Tomingley Gold Operations, situated 50 kilometres southwest of Dubbo in central-western New South Wales.
The Tomingley management team celebrates the pour of the 500,000th ounce bar.

Alkane Resources Limited (ASX:ALK) passed a significant milestone today, pouring its 500,000th ounce of gold at its Tomingley Gold Operations, 50 kilometres southwest of Dubbo in central-western New South Wales.

The gold processing plant was commissioned in January 2014 and has been operating at the design capacity of one million tonnes per annum since late May 2014.

Notably, Tomingley has consistently met or exceeded guidance over its years of operation and since commencement, mineral resources have increased by more than 900,000 ounces.

Exceeded guidelines and targets

Alkane Resources managing director Nic Earner said: “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.

“When we commenced mining at Tomingley in 2013, the plan was to produce 380,000 ounces from open cut and underground over seven years.

“We were also quietly confident that further discoveries would be made during that time to allow extension

“Here we are, nine years later, entering our second decade of production and passing 500,000 ounces, proving that our confidence was well-founded.

“We have met or exceeded our production guidance every year of operation and surpassed our original production targets."

Tomingley production guidance vs actual

Tomingley Gold Operations

Tomingley Gold Operations is a wholly-owned subsidiary of Alkane, situated near the village of Tomingley in New South Wales.

Mining at Tomingley is based on open cut and underground mining at the Caloma and Wyoming deposits, however, the current Life of Mine plan includes the San Antonio and Roswell (SAR) deposits, 3-5 kilometres to the south for which the company is expecting to obtain development approval in mid-2022.

Tomingley resource, reserve and production

Earner adds: “We have expanded our resources around the existing mine and added new discoveries to the south of Tomingley.

“Our geological teams are seeking to expand these resources even further.

 “As a result, our current Life of Mine plan shows a further ~700,000 ounces of planned production over the decade ahead."

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