Alkane highlights solid September quarter and new Boda resource progress
October 26, 2023 at 04:36 pm EDT
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Alkane Resources Ltd (ASX:ALK) managing director Nic Earner gives Proactive an overview of the company’s September quarter. Describing it as a solid period, he says the company’s met production guidance and the Tomingley Extension Project is well underway with the second vent rise completed at Roswell. Meanwhile, he says infill drilling occurred underground and surface works commenced for the Paste Plant. Earner adds that drilling at Boda and Kaiser continued through the quarter keeping the company on schedule to release the updated Boda resource in the current quarter.
“It's a pretty solid quarter. Production was on forecast at a bit over 15,000 ounces and our costs didn't give us any cause to change our guidance,” Earner said.
“Most importantly, a lot of the project work we're doing is progressing on schedule as well.
“That has meant there has been a lot of exploration results. We did a lot of work through Boda and Kaiser and so it has been a very solid quarter for us”
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Jonathan Jackson
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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.