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:

Tom Hayes, Edison Investment Research (7/26/16)
"Alkane Resources Ltd.'s TGO gold mine continues to perform well, helped in no small part by a resurgent gold price during H2/16, and despite unseasonably high rainfall persisting through Q4/16. Stronger cash flows resulted and we expect the TGO to continue at similar operating levels (to FY/16) through FY/17. . .Alkane has actively explored its tenements throughout the recent downturn and we expect this ramp up in activity to provide the gold resources to extend the TGO’s mine life in excess of 10 years."

Christopher Ecclestone, Hallgarten & Co. (7/19/16)
"We are initiating coverage on Alkane Resources Ltd., whose Dubbo Zirconia Project (DZP) is akin to having several horses running in the same race. It has Rare Earths, Zirconium, Niobium and Hafnium in its mix, all of these being metals that have registered high demand and prices at varying times over the last decade. . .the company's cash position at end of June totaled AUD$29.8mn, making this one of the most cashed up REE plays. . .Alkane has separated itself out from the rest of the REE pack who have been unable to self-fund development in a tough market."

Tom Hayes, Edison Investment Research (7/4/16)
"Alkane Resources Ltd. remains one of the most active junior mining companies in the exploration space. Gold production at the TGO and the positive FCF from that operation is now being used to explore with a view to extending the LOM to over 10 years. . .the company's recent (6 May 2016) drilling results indicate further potential for a Cadia-Ridgeway style porphyry gold-copper deposit within the Bodangora project at the Kaiser exploration target."

Tom Hayes, Edison Investment Research (4/28/16)
"Alkane Resources Ltd. is set to raise A$16M in capital as it seeks to complete a final push towards securing off-takes and financing for its A$1.3B Dubbo specialty metals project in NSW. . .the A$16M capital raising will be used to purchase the remaining land required and, inter alia, provide a set of product samples to finalize off-takes, which in turn will unlock financing."

Mike Millikan, Hartleys (4/21/16)
"Gold production from Alkane Resources Ltd.'s Tomingley gold operation. . .is still tracking within FY/16 company guidance of 60 Koz. . .we maintain our Speculative Buy recommendation on the company's stock. Alkane's wholly owned subsidiary Australian Zirconia Ltd. (AZL) was granted the environmental protection license for the Dubbo Zirconia project (DZP) on March 14. This license is the final approval required to enable AZL to progress with construction, but development remains subject to financing. . .AZL is targeting first production in 2018."

Tom Hayes, Edison Investment Research (4/14/16)
"Alkane Resources Ltd., via its wholly owned subsidiary Australia Zirconia, has signed a letter of intent with a private Vietnamese specialty metals refiner and trader relating to the toll treatment of the Dubbo zirconia project's (DZP) rare earth output. The agreement, although early stage, removes a degree of uncertainty over the future sale of a significant portion of the DZP's annual production; we also see the agreement as derisking project financing."

More Expert Comments

Experts Following This Company

Christopher Ecclestone, Equities Strategist – Hallgarten & Co., MEDITERRANEAN RESOURCES LTD., Geodex Minerals Ltd.
Charles Gibson, Director, Mining – Edison Investment Research
Tom Hayes, Analyst – Edison Investment Research
Tony Hayes – Euro Pacific Canada
Mike Millikan, Resources Analyst – Hartleys

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