Alkane Resources Ltd launches $16 million capital raising
Alkane Resources Ltd (ASX:ALK, OTCQX:ANLKY) will raise approximately $16 million through a pro-rata non-renounceable rights issue at a price of $0.20 per share.
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
310 stories · page 15 of 16
Alkane Resources Ltd's gold production at Tomingley delivers positive cash flow
During 2016 the price of gold in Australian Dollars has traded consistently above A$1600 an ounce, providing the opportunity for significant margins.
Alkane Resources Ltd secures deal to toll process rare earths in Vietnam
Finalising the agreements proposed in the Letter of Intent with Vietnam Rare Earth JSC will position Alkane as a world competitive producer of separated rare earths.
Alkane Resources Limited granted Environment Protection Licence for DZP
Alkane is now positioned to potentially supply commodities of critical and strategic importance to customers across the globe, as the DZP will produce zirconium, hafnium, niobium, light rare earths and heavy rare earths.
Alkane Resources rides higher gold prices and lower costs at Tomingley
Production guidance is 60,000-70,000 ounces at an AISC of between $1,200 and $1,300 per ounce for the year ending 30 June 2016 at Tomingley.
Alkane Resources gold business purrs as strategic metal plans advance
Alkane Resources has tracked steady production at its Tomingley gold operations in New South Wales, where new potential for a project expansion could offer more long-term support as the company drives a diligent strategic metals development
Alkane Resources' granted mining lease for Dubbo Zirconia Project
The project is based upon large in-ground resources of the metals zirconium, hafnium, niobium, (tantalum), yttrium and rare earth elements.
Alkane Resources defines underground gold reserve at Tomingley
Alkane Resources has defined a maiden reserve at its Tomingley gold operation in New South Wales, setting up potential for a long-term underground mine as open pit activity increases.
Alkane Resources adds to bankroll as gold production grows
Alkane Resources increased its cash position by A$6 million over the September quarter to $20.8 million as the company’s Tomingley gold operation in New South Wales improved production by 40%.
Alkane Resources reaps revenue rewards at Tomingley Gold
Alkane's Tomingley is operating at design capacity and July - August production was 15,191 ounces at an All-in-sustaining-cost of A$1088 an ounce. With the price of gold recently sitting comfortably above A$1500 an ounce, this is delivering
Alkane Resources highlights robust economics of Dubbo Zirconia
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’ Ian Chalmers in Proactive Q&A Sessions™
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™.
Alkane Resources has environmental approval for Dubbo Zirconia
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 Resources' gold sales surpass A$100M from Tomingley in FY15
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-
Alkane Resources gains development approval for Dubbo Zirconia Project
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