Page 43 - gmj141-Oct-Dec-mag-web

Boon for The porphyry gold-copper

discovery success at Boda
in NSW’s Central West,
Alkane’s where a 30,000m drilling
programme is progressing,
has catapulted Alkane’s
people standing in the market,
while its Tomingley gold
to
operations
continue
strengthen the company’s
by Mark Andrews balance sheet ($98 million
in cash, bullion and listed
investments as at June
lkane Resources Ltd has been recognised in the market 30).
Afor its exploration feats at Boda and gold producing
Gold sales for the June
capabilities at Tomingley, both in New South Wales, and now
quarter totalled 12,992oz
its team is benefitting from the success.
at an average price of
In mid-September, with the company trading at $1.41c/ $2,327/oz, which produced
share and boasting a market cap of $840 million, all eligible revenue of $30.2 million for Nic Earner
employees were issued with $1,000 worth of new fully paid the June quarter.
ordinary Alkane shares gratis.
Following the June quarter results, the demerger of the
The offer was made under Alkane’s Bonus Employee Share Dubbo rare earths project into Australian Strategic Materials
Plan to 161 eligible employees, with shares issued at $1.15c Ltd (ASM) was completed.
on September 11.
“People are very happy with what has gone on and a lot of
Alkane’s gesture to its employees was “in recognition of their value has been created. If you look at today’s share price it
contribution to the company’s success”, as it was preparing is equivalent to a 40c/share dividend in Alkane. It has been
for initiation on the S&P/ASX 300 Index.

729km of gold, Major Gold Discovery in Chile
2
base metal and  Defining the El Zorro Gold Project

lithium projects with  Drilling to Delineate the Large Ternera Target
 Regional Concession Holding
substantial history  District Scale Mineralised System
of mining  Successful Exploration Model
 Multiple 100g/m Intercepts & Expanding

 Poised for Growth

Zeff Reeves – Managing Director
+61 8 9322 1587 | info@tesororesources.com.au
www.tesororesources.com.au
TEM
:TS0
www.tempestminerals.com

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