Update: Ahead of target and reconfiguring the TGO
The TGO continues to outperform, with gold production ahead of our Q115 estimate and at low quartile total cash operating costs of A$867/oz. Continued positive mine-to-mill reconciliations have now resulted in Alkane reviewing its resource base and mine planning with a view to optimising the TGO’s future production profile. This could bring forward underground production and combine the planned Caloma and Caloma Two open pits.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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