Alkane hits high-grade gold at Tomingley

Alkane Resources Ltd managing director Nic Earner talked with Proactive about recent high-grade gold intercepts and ongoing resource expansion at the Tomingley gold operations in New South Wales.

Earner detailed strong results from underground drilling at both the Caloma and Roswell zones, with intercepts showing multiple grams per tonne over substantial widths. “We’ve had some very, very high-grade hits… tens of metres at plus ten grams in Roswell,” he noted, highlighting the significant contribution these results will make to near-term reserve updates and future production planning.

The company is confident these results will support mine life extensions well into the 2030s. Reserve and resource updates, including for Caloma One and Caloma Two, are expected in the August–September period, following analysis of the June 30 data.

Earner also touched on Alkane’s recent financial performance, stating: “It’s been a great quarter… we had a great cash build,” helped by strong production and a high Australian-dollar gold price. He confirmed guidance remains on track, with 17,500 ounces produced and expectations of reaching 19,000 ounces by quarter end.

Alkane continues to advance permitting for the highway relocation and is actively progressing exploration across both the Boda-Kaiser project and Tomingley region. The company is also evaluating organic growth and potential collaboration opportunities.

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