ALKEF - Alkane Resources announces major development at Roswell as it transitions to production stoping

(NewsDirect)

Alkane Resources Ltd managing director NicEarner tells Proactive's Stephen Gunnion the company has reachedanother milestone at its Tomingley Gold Operations in Central West NewSouth Wales with the transition from ore development to productionstoping at the Roswell deposit.

Earner detailed the completion of the exploration drive atRoswell, which had received full approval last year. He highlightedthe ongoing vertical development and the commencement of stopingoperations, marking a ramp-up phase. The site is set to produce a23-24,000 tonne stope, followed by a larger phase nearly double insize.

This development supports aplanned increase in mining activity to approximately 1.1-1.2 milliontonnes per annum by next year. Additionally, Earner noted theconstruction of a new paste plant for backfill operations, aiming forfull recovery with the ore graded over five grams per tonne.

Upcoming newsflow includes thecompany's quarterly report this week, the long-awaited Kaiserresource statement for the Bodar and Kaiser exploration deposits, anda scoping study. Earner also mentioned a financial outlook aiming toprovide a five-year projection by the end of June.

ContactDetails

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

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