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 meets production targets again in ninth year of Tomingley Operations

July 07, 2023 at 12:01 am IST

(via NewsDirect)

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner tells Proactive that the company’s Tomingley Gold Operations generated more than 70,000 ounces of gold over FY23, meeting the upper end of guidance calculations. The production metrics mean the NSW mine has met or exceeded guidance in every year of operations, while all-in sustaining costs are expected to clock in between A$1,550 and A$1,750 an ounce for the 12-month period. Earner says FY23 was a busy year for Tomingley, characterised by government approval for a project extension and underground development.

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%	23Cr
NEWMONT CORPORATION	+1.43%	4.84TCr
AGNICO EAGLE MINES LIMITED	+23.45%	3.37TCr
BARRICK GOLD CORPORATION	-2.80%	2.99TCr
WHEATON PRECIOUS METALS CORP.	+17.91%	2.56TCr
NORTHERN STAR RESOURCES LIMITED	+4.10%	1.08TCr
ANGLOGOLD ASHANTI PLC	+30.02%	1.01TCr
KINROSS GOLD CORPORATION	+37.66%	993.16Cr
POLYUS	-.--%	885.63Cr
ROYAL GOLD, INC.	+6.24%	844.74Cr

Gold Mining

Alkane Resources Limited

Equities

ALK

AU000000ALK9

Gold

Alkane Resources meets production targets again in ninth year of Tomingley Operations

Contact Details

EPS Revisions