ALK - Alkane Resources increases Tomingley extension gold reserves to 664000 ounces
(NewsDirect)
Alkane Resources Ltdmanaging director Nic Earner sits down with Jonathan Jackson in theProactive studio to discuss the large increase in reserves at theTomingley Gold Extension Project, where that increase has come fromand what it means for the company's mining plans. Earner addressesthe adjustments in the resource statement compared to previousreports, highlighting the importance of these changes and the factorscontributing to them. He also looks at the prospects for furtherexpansion in Alkane Resources' reserves and resources, examiningthe potential for growth and the company's strategies movingforward.
Earnersaid: “The updated Roswell reserve is the latest step in thedevelopment of the Roswell orebody as the new source of ore forTomingley. First stoping from Roswell is expected in April as soon asthe regulator has given approval to the relevant managementplans.
“Thehigher grades expected to be mined at Roswell, together with the pasteplant under construction should lift production to the run rate of80,000 ounce per annum level. This is the first stage in the pathwayto regularly producing over 100,000 ounces per year atTomingley.”
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Proactive Investors
JonathanJackson
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jonathan@proactiveinvestors.com
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