Proactive - Interviews for investors

Alkane Resources progresses regional exploration to extend Tomingley life

Episode Summary

Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) managing director Nic Earner​​​​ joins Proactive’s Tylah Tully to discuss the company’s progress on regional exploration efforts at the Tomingley Gold Project (TGP) in Central West New South Wales. Work at TGP is aimed at extending the life of the Tomingley Gold Operations (TGO), currently planned to operate until 2032. The TGP spans 440 square kilometres and includes the TGO’s open pit and underground operations. A processing facility expansion to a capacity of 1.75 million tonnes per year is planned by FY26. Exploration success has previously added resources at the Roswell and San Antonio deposits, now integrated into TGO, with Roswell's underground ore processing starting in April 2024. Ongoing exploration focuses on new targets within TGP, including Plains, El Paso and Allendale. Recent activities include airborne geophysical surveys, aircore drilling, reverse circulation (RC) and diamond drilling, which have revealed promising assay results and new geological insights. Survey data and drilling have identified new structures, prospective volcanic belts and potential porphyry sources, prioritising future exploration targets. #ProactiveInvestors #AlkaneResources #ASX #TomingleyGoldProject #GoldExploration #MiningAustralia #RegionalExploration #DrillingResults #GoldMining #TGP #ResourceDevelopment #ExplorationProgress #GeophysicalSurveys #GoldDeposits #PorphyryTargets #CentralWestNSW #MiningNews #AirborneSurveys #DiamondDrilling #RCDrilling #GoldAssays #ExplorationTargets #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews