Alkane Resources is an Australian gold producer and explorer with the majority of its’ activities in the central west region of New South Wales. Alkane’s Tomingley gold mine, operating since 2014, is currently undergoing expansion to lift production from 60,000 ozpa to 100,000 oz pa by 2025. Alkane’s major exploration project is the Boda & Kaiser porphyry deposits, with nearly 15 million oz equivalent (Au and Cu) in inferred resource.
Ian Gandel – 19.8%
Chapelgreen Pty Ltd – 9.1%
Van Eck Associates Corp – 3.1%
Dimensional Fund Advisors – 3%
Robert Uthmeyer – 2.8%
Management Ownership – 22%
Nic Earner – Managing Director
Nic is a chemical engineer with over 25 years’ experience in technical and operational optimisation and management. He has held several executive roles in mining and processing, including the COO of Alkane and has been the Managing Director since 2017.
We are looking to increase our institutional shareholding.
27 Feb 2023 – Kaiser Resource Estimate of 4.7 Million Gold Equivalent Ounces, 22 Feb 2023 – Tomingley Gold Extension Project Approved, Funding Secured, 5 Jan 2023 – Tomingley Update and Guidance Upgrade, 30 May 2022 – Boda Resource Estimate of Approx 10.1 Million Gold Equivalent Ounces.
Continue exploration at Boda and adjacent to mine site.
Establish underground mining at new prospect, Roswell.
Upgrade Boda & Kaiser Resources to Indicated, increase size.
Australian input costs. Long dated contracts, local workforce (not FIFO).
Tomingley is a reliable producing and profitable asset that is expanding. The Kaiser and Boda porphyry projects are large scale with tier one potential. Compared to its peers with shorter mine lives and higher costs, Alkane appears relatively undervalued.
Tomingley is a long life profitable mine that is increasing in gold production. The Boda and Kaiser deposits are large porphyry systems that continue to grow. The Alkane team has a track record of exploration and corporate success.