Alkane Resources Limited

ALK

AU000000ALK9

Gold

Market Closed - Australian S.E. Other stock markets 11:40:18 24/05/2024 am IST			5-day change	1st Jan Change
0.57 ^AUD	-2.56%		-8.06%	-12.98%

17/05	Alkane Resources Restructures Debt for Tomingley Operations Expansion	MT
29/04	Euroz Hartleys Adjusts Alkane Resources’ Price Target to AU$1.11 From AU$1.21, Keeps at Speculative Buy	MT

Alkane Resources boosts production guidance for Tomingley

April 25, 2023 at 02:32 am IST

(via NewsDirect)

Alkane Resources Ltd (ASX:ALK) MD Nic Earner talks Proactive through the company’s March quarterly activities. At its flagship Tomingley Gold Operations the company achieved production of 16,641 ounces which met forecasts for the quarter. FY2023 production guidance for Tomingley has now been increased to 65,000 to 73,000 ounces. Also in the period, the company announced an initial inferred mineral resource for Kaiser Deposit of 270 million tonnes grading 0.54 g/t gold equivalent for 4.7 million ounces gold equivalent (480,000 tonnes of copper and 2.05 million ounces of gold).

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Alkane Resources Limited

Alkane Resources Restructures Debt for Tomingley Operations Expansion	17/05	MT
Euroz Hartleys Adjusts Alkane Resources’ Price Target to AU$1.11 From AU$1.21, Keeps at Speculative Buy	29/04	MT
Alkane Resources Posts AU$41.1 Million in Cash, Bullion, Listed Investments for March Quarter	25/04	MT
Alkane Resources Commences Production Ore Extraction at Roswell	22/04	MT
Euroz Hartleys Adjusts Alkane Resources’ Price Target to AU$1.26 From AU$1.21, Keeps at Speculative Buy	21/03	MT
Alkane Resources Hits High-Grade Gold at Northern Molong Project; Shares Rise 3%	15/03	MT
Alkane Resources Revises Mineral Resource Base for Tomingley Gold Extension Project; Shares Down 3%	27/02	MT
Alkane Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2023	20/02	CI
Alkane Resources Hits High-Grade Gold, Copper at New South Wales' Northern Molong Project; Shares Rise 3%	12/02	MT
Alkane Resources Produces 13,000 Gold Ounces in Fiscal Q2 from Tomingley Operation	15/01	MT
Alkane Resources Confirms Extensive Mineralization at New South Wales Deposit	20/12	MT
Alkane Resources Updates Mineral Resource of Boda Prospect	14/12	MT
Alkane Resources Plans to Complete Drilling in Northern Molong Project in 2024	10/11	MT
Alkane Resources Hits Gold at Boda Project	03/23/03	MT
Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project Which Includes the Tomingley Gold Operations	13/23/13	CI
Alkane Resources Hits Gold, Copper at Northern Molong Project	25/23/25	MT
Alkane Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2023	24/23/24	CI
Alkane Resources Extends Mineralization at Northern Molong Project	04/23/04	MT
Alkane Resources Hits Upgraded Fiscal 2023 Guidance for Tomingley Gold Operations	05/23/05	MT
Alkane Resources Unearths Gold at Northern Molong Project; Shares Fall 3%	13/23/13	MT
Alkane Resources Completes Acquisition of New South Wales Tenement Package	30/23/30	MT
Alkane Resources Limited completed the acquisition of Two tenement packages in New South Wales from Sandfire Resources Limited.	30/23/30	CI
Alkane Resources Limited Announces Further Results from Drilling Program At the Northern Molong Porphyry Project in Central New South Wales	28/23/28	CI
Alkane Resources Limited entered into an agreement to acquire Two tenement packages in New South Wales from Sandfire Resources Limited for AUD 1.8 million.	09/23/09	CI
Alkane Resources' Resource Estimate at New South Wales' Kaiser Deposit at 4.7 Million Gold Equivalent Ounces	27/23/27	MT

Chart Alkane Resources Limited

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Company Profile

Alkane Resources Limited is an Australia-based gold exploration, development and production company. The Companyâs projects and operations primarily located in central western New South Wales. The Company's projects include Tomingley Gold Project, which include Tomingley Gold Operations, Tomingley Gold Extension Project, and Peak Hill Gold Mine; Northern Molong Porphyry Project (NMPP), which includes Boda & Kaiser; and Other Projects, which includes other exploration Projects. The Tomingley Gold Project covers an area of approximately 440 square kilometers (km), stretching 60 km north-south along the Newell Highway in central-western New South Wales. The prospective belt extends from near the village of Tomingley in the north, through Peak Hill and almost to Parkes in the south. NMPP covers an area of approximately 115 square km, centered approximately 20 km north of Wellington and approximately 35 km east of Dubbo in central western New South Wales.

Sector

Gold

Calendar

26/08/2024 - Q4 2024 Earnings Release (Projected)

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Ratings for Alkane Resources Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.57 AUD

Average target price

0.95 AUD

Spread / Average Target

+66.67%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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Sector Gold Mining

	1st Jan change	Capi.
ALKANE RESOURCES LIMITED	-12.98%	228M
NEWMONT CORPORATION	+1.43%	48.38B
AGNICO EAGLE MINES LIMITED	+23.45%	33.74B
BARRICK GOLD CORPORATION	-2.80%	29.9B
WHEATON PRECIOUS METALS CORP.	+17.91%	25.58B
NORTHERN STAR RESOURCES LIMITED	+4.10%	10.82B
ANGLOGOLD ASHANTI PLC	+30.02%	10.14B
KINROSS GOLD CORPORATION	+37.66%	9.93B
POLYUS	-.--%	8.86B
ROYAL GOLD, INC.	+6.24%	8.45B

Gold Mining

Alkane Resources Limited

Equities

ALK

AU000000ALK9

Gold

Alkane Resources boosts production guidance for Tomingley

Contact Details

EPS Revisions