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DIGGERS & DEALERS PREVIEW
FY2021 guidance from Tomingley is 45,000-50,000oz gold
very positively received and now people are asking what
at an AISC of $1,450-1,600/oz
next?” Alkane managing director Nic Earner told GMJ in
early September.
and San Antonio (7.92mt @ 1.78 g/t for 453,000oz inferred)
FY2021 guidance from Tomingley is 45,000-50,000oz gold
deposits will be upgraded to indicated status in Q4 and from
at an AISC of $1,450-1,600/oz.
there Alkane can forge ahead with detailed mine plans and
Alkane has made a concerted effort to expand its exploration economic studies.
efforts regionally at Tomingley in the past two years and the
Tomingley is currently an open pit and underground operation
rewards have been significant.
aided by a 1 mtpa processing facility, with Alkane continuing
The Roswell (7mt @ 1.97 g/t for 445,000oz gold inferred) consultation over development approval for open cut and
underground mining beneath San Antonio and Roswell.
An approval to develop an exploration drive from the
Wyoming One deposit to Roswell has been received and
Alkane has prepared preliminary plans for open cut and
underground ventures at Roswell and San Antonio.
Meanwhile, infill drilling totalling 48 holes for 13,000m had
Excellence in been completed at Roswell and San Antonio, with depth
extensions at Roswell confirmed with intercepts about 80-
Exploration 100m below the base of the previously defined inferred
resource.
Drilling in progress to test high grade Alkane sees potential for the system to extend to depth, with
Ni-Cu-PGM at Broken Hill, NSW.
significant intercepts at Roswell including 13m @ 6.17 g/t
Significant porphyry copper-gold target at gold from 484m, including 5m @ 11.5 g/t from 488m and
Apsley along trend from the Boda discovery 2m @ 3.84 g/t from 519m at RWD037. Meanwhile, results
(Alkane Resources Ltd).
from RWD039: 16.5m @ 4.74 g/t from 483.8m, including 1m
Large tenement holdings in the emerging @ 21 g/t gold from 489m and 3m @ 13.2 g/t from 494m
Ni-Cu-PGM province of SW WA and in the and RWD040: 22.1m @ 5.96 g/t from 534.9m were other
Blackridge gold field QLD. highlights at Roswell.
BOARD OF DIRECTORS While Alkane elaborates on its growth potential internally,
the company has significant positions in ASX peers Genesis
Peter Unsworth Non-Executive Chairman Minerals Ltd (867,000oz gold at Ulysses in Western
Michael Jones Managing Director Australia) and Calidus Resources Ltd.
Paul Ingram Non-Executive Director Alkane upped its stake in Genesis from 14.56% to 19.9%
Markus Elsasser Non-Executive Director recently, while in July it retained a 12.7% interest in Calidus
by investing $3.2 million in the latter’s $25 million placement.
(08) 6454 6666 Calidus started construction on the 1.5 moz Warrawoona
impactminerals.com.au gold project, East Pilbara, in September and expects ground
activities to start in “earnest” in Q1 2021.
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