Alkane Resources identifies high-grade extensions below Roswell inferred resource
The results “show the potential for an underground mine that continues to extend at depth, with impressive grades continuing,” says MD.
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 delivers profit after tax of $12.8 million; aims to expand gold production in NSW
The company recently de-merged its Dubbo Project into a separate entity, Australian Strategic Materials Limited, which listed on the ASX last month.
Alkane Resources advances approvals for new operations to extend life of Tomingley Gold Project
The company is seeking approval from the NSW Government for mining development via underground and open cut at the San Antonio and Roswell deposits, as well as extension to the life of Tomingley Gold Operations.
Alkane Resources updates gold resources and reserves for its projects in New South Wales
The company’s total resource as at June 30 2020 is 25.4 million tonnes grading 1.9 g/t gold for 1.616 million ounces.
Australian Strategic Materials production of titanium metal alloy confirms up to 50% energy saving
The electrorefining process to produce high purity titanium metal of 99.9% is progressing in South Korea with results expected next month.
Alkane Resources retains 12.7% major shareholding in WA gold pre-developer Calidus
$3.2 million was invested in Calidus’ $25 million placement which “highlights the superb level of support for our strategic plan to accelerate development of Warrawoona”, says MD.
Alkane Resources chairman lifts substantial holding to 24.762% with on-market purchases
Ian Gandel has continued to show his support for the company’s gold strategy with shares valued at almost $13.76 million acquired in three transactions.
Alkane Resources shareholders overwhelmingly approve spinoff of specialty materials unit
Australian Strategic Materials will become one of Australia’s preeminent specialty materials development companies when it lists on the ASX this month.
Alkane Resources hits more broad, high-grade gold at Roswell and San Antonio
Recent drilling has been infilling the defined inferred resources of 445,000 ounces at Roswell and 453,000 ounces at San Antonio.
Australian Strategic Materials Korean JV produces high-quality neodymium metal alloy
Assaying has confirmed an intermediate neodymium (87%) alloy ingot with electrorefining expected to produce a 99.9% metal by the end of this month.
Alkane Resources meets upgraded FY2020 guidance for Tomingley Gold Operations
The operations produced 33,507 ounces during the 12 months and the company remains "buoyant about the longer-term prospects at Tomingley".
Australian Strategic Materials Korean JV produces titanium metal alloy with 45% power saving
In the next phase, the alloy will be used to produce high purity (99.9%) titanium metal via the electro-refining process.
Alkane Resources shares up 12% on back of thick high-grade gold hits at Roswell and San Antonio
The Roswell and San Antonio deposits are within the Tomingley Gold Operations where Alkane has been conducting an extensive regional exploration program.
Alkane Resources schedules meeting to vote on demerger of Australian Strategic Materials
Rare earths focused ASM owns the $1 billion Dubbo Project in Central West NSW and is building a pilot plant facility in South Korea.
Australian Strategic Materials Korean JV partner gains US$4.5 million for clean metals R&D
ZironTech has received grant funding for the development of a low-emission, high-purity metal refining technology that can be applied to zirconium, titanium, rare earths for permanent magnet alloys.
Australian Strategic Materials a step closer to listing on the ASX
ASM is building a pilot plant facility in South Korea and holds the $1 billion Dubbo Project, a polymetallic project with large in-ground resources of zirconium and rare earth elements.
S&P/ASX 200 rallies 2.1% after COVID-19 vaccine shows positive results in early trial
Mining majors joined the rally with BHP rising 5.3% and Rio Tinto up 4.5%.
Alkane Resources broad gold-copper hits provide further evidence of Boda porphyry potential
A major RC and diamond core drilling program is planned to begin early next quarter to further test the high-grade core and larger resource potential at Boda.
Alkane Resources gets green light for underground exploration drive to reach new gold deposits
The exploration drive approval allows for development within a nominated corridor as it is recognised that the exact location will vary as the mineralisation is further identified.
Alkane Resources subsidiary ASM closer to completing commercial pilot plant for critical metals in South Korea
Commissioning of the pilot plant by Australian Strategic Materials is scheduled for the second and third quarters of 2020, with initial focus on production of high-value zirconium and hafnium metals.