ALK:ASX; ANLKY:OTCQX

Alkane Resources Ltd.

Alkane Resources Ltd. is a multicommodity mining and exploration company with a focus on gold, copper, zirconium, niobium and rare earths. Its projects and operations are located in the central west of New South Wales, in eastern Australia. Alkane commenced gold production in early 2014, after commissioning its Tomingley gold project in February, on time and on budget. The company is also developing the Dubbo zirconia project, with operations scheduled for 2016. This will position Alkane as a strategic and significant world producer of zirconium products and heavy rare earths. Several other copper-gold exploration projects in the region are being evaluated. The company is heavily committed to safe environmental practices and local community wellbeing.
ALK:ASX ANLKY:OTCQX

Expert Comments:

As China's central government clamps down on archaic, polluting mines, Australia looks to meet surging global demand.
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Tom Hayes, Edison Investment Research (10/26/17)
"Alkane Resources Ltd.'s Q118 results show 24,122oz Au was produced at C1 cash costs of A$765/oz and AISC of A$982/oz, representing q-o-q increases of 9% each. . .note that AISC of A$1,000/oz was used when marketing the TGO for development back in 2012, and so current operations are supporting previously estimated cost levels; this is also testament to management’s ability to execute development of the project successfully. . .a number of the Dubbo Project's end product prices have seen a rebound over the past six months, and provide a clear reason to focus on Alkane’s long-held flagship asset."

Tom Hayes, Edison Investment Research (9/21/17)
"The resource and reserve statements for Alkane Resources Ltd.'s Tomingley gold operation have been updated, the record total mineral resources across all categories of 9.23 Mt at 1.7 g/t Au for 508 Koz and total ore reserves of 2.68 Mt at 1.9 g/t for 166 Koz. . .underground reserves are 0.524 Mt at 3.7 g/t Au for 62 Koz, and the ore body is still open and being drill tested to potentially increase this number."

Tom Hayes, Edison Investment Research (8/30/17)
"We note Ian Chalmers will step back from his longstanding role as managing director of Alkane Resources Ltd. effective Sept. 1, replaced in this role by chief operating officer Nic Earner. . .Chalmers will remain as technical director at board level as well as Dubbo project product market and exploration guidance. Chairman John Dunlop will retire and be replaced by longstanding director Ian Gandel."

Tom Hayes, Edison Investment Research (7/27/17)
"H2 FY17 saw a remarkable turnaround in gold production at Alkane Resources Ltd.'s Tomingley gold operation and brought down unit costs markedly as a result. With similar production and cost guidance to FY17 targeted for FY18 at Tomingley, key catalysts will be those linked to the development of the Dubbo project."

With gold production progressing better than expected, this miner has revised its guidance for FY/17.
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Tom Hayes, Edison Investment Research (6/29/17)
"The positive H2/17 production performance sees Alkane Resources Ltd. finishing FY17 with a flourish. . .we expect to revise our base case valuation for the Tomingley gold operation (TGO) and the company's shares pending its release of formal revised underground mine plans for the TGO, sometime toward the end of H1/18 (H2 CY17)."

Tom Hayes, Edison Investment Research (6/27/17)
"Strong production performance of 17 Koz gold produced across April and May has led Alkane Resources Ltd. to revise upwards its H2/17 production target for its Tomingley gold operation from 31–36 Koz to 43–45 Koz. H2/17 all-in sustaining costs are also estimated to come down. . .this is expected to have a positive effect on the company's cash flow."

A recent report by Edison Investment Research has Alkane Resources back on track at its Tomingley Gold Operations after disruptive rains, and development is continuing at the multi-commodity Dubbo Project.
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More Expert Comments

Experts Following This Company

Tom Hayes, Analyst – Edison Investment Research
Timothy Hayes – Davenport & Co.

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Investing Highlights
 
Multi-commodity miner: gold, zirconium, niobium and rare earths
 
Successful mining track record
 
Next heavy rare earth project