Ann: Gold Forum Europe 2024, page-230

Cheers Wassa, not convinced I've made the right decision yet.
I believe the key risk for Alkane now is capex blowout for TGEP and Boda/Kaiser.
TGEP relating to higher-than-expected costs for stripping, HWY diversion/overpass and plant expansion.
Boda/Kaiser will the economics make sense? After looking at McPhillamy's DFS I started to have strong doubts.

There's a worldwide industry trend of project cost inflation and now we are seeing an increasing shuttering of previously profitable open pit mining in order to make way for a predominantly higher-grade underground feed.

WGX ceased open pit mining and fed all 3 processing centres with underground ore.
OBM transitioning from pits to underground.
PNR transitioning from pits to underground.
RMS deferring Edna May open pit cutback.

Would not be surprised to see Hwy diversion and open pits deferred or abandoned altogether, particularly if Alkane can mine San Antonio from underground and extend the TGEP orebody's both and vertically.

Tomingley-Mine-Life-Extended-Beyond-2030.pdf (alkane.com.au)



I'd be interested to hear your thoughts on the potential economic viability of these pits @wassa.
Their plans look very impressive with waste movement and haulage remaining nice and tight throughout LOM.
Strip ratio would be my biggest concern. Lots of dirt to move to get to that gold. Is there a better way to access this gold in this highly inflationary environment?