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.
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 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.