Alkane Resources increases Tomingley extension gold reserves to 664,000 ounces
–News Direct–
Alkane Resources Ltd managing director Nic Earner sits down with Jonathan Jackson in the Proactive studio to discuss the large increase in reserves at the Tomingley Gold Extension Project, where that increase has come from and what it means for the company's mining plans. Earner addresses the adjustments in the resource statement compared to previous reports, highlighting the importance of these changes and the factors contributing to them. He also looks at the prospects for further expansion in Alkane Resources' reserves and resources, examining the potential for growth and the company's strategies moving forward.
Earner said: The updated Roswell reserve is the latest step in the development of the Roswell orebody as the new source of ore for Tomingley. First stoping from Roswell is expected in April as soon as the regulator has given approval to the relevant management plans.
The higher grades expected to be mined at Roswell, together with the paste plant under construction should lift production to the run rate of 80,000 ounce per annum level. This is the first stage in the pathway to regularly producing over 100,000 ounces per year at Tomingley.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/alkane-resources-increases-tomingley-extension-gold-reserves-to-664-000-ounces-582850750
Alkane Resources Limited
COMTEX_448441187/2655/2024-02-27T15:50:39
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