Alkane Resources - 0.9-1.7Moz exploration target
Alkane Resources’ successful drill programme during H119 at the Tomingley Gold Project has resulted in the generation of an exploration target ranging from 860,000oz Au to 1,680,000oz Au. Importantly, this exploration target lies within 8km of Alkane’s operational Tomingley gold processing plant. Successful resource drilling of the exploration target, followed by positive feasibility studies, could extend the life of the gold operations at Tomingley beyond 2022.Alkane Resources is a mining and exploration company with a focus on gold, copper, zirconium, hafnium, niobium and rare earth elements. Co. has two reportable segments, being gold operations and the exploration and evaluation of rare metals. Co.'s projects and operations are located in the Central West of New South Wales in eastern Australia. Primary among them are the Tomingley Gold Operations, a medium-sized gold operation near Dubbo in which Co. is engaged in the production of gold. Co. is also developing the Dubbo Zirconia Project, which will produce zirconium, hafnium, niobium and rare earths.
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