Update: TGO steady, and a pick-up in REE developments
Alkane’s Q315 results indicate that the TGO remains on track to meet its FY15 gold production target (65-75koz). The Wyoming Three pit is currently advancing through a scheduled lower-grade zone and pit-to-resource reconciliations remain positive. Developments in the rare earth sector, primarily linked to China’s revised REE export policies, have forced Alkane’s flagship project DZP back into the spotlight. Near-term DZP catalysts are linked to final government planning approval (expected in May 2015) and commercialisation of its product offtake agreements (expected during H2 CY15).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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