ALK 0.98% 51.5¢ alkane resources limited

"plans for the next five years at the Tomingley gold operations...

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    "plans for the next five years at the Tomingley gold operations in the central west of New South Wales show Tomingley increasing production above 100,000 ounces of gold per annum, with strong resultant cash flow"

    "underground at Roswell has already begun production and is expect to produce over 70,000 ounces of gold next year"

    "paste plant and the flotation / regrind circuit are under construction with commissioning expected later this year"

    "deposits across Tomingley are open at depth and along strike and known resources extend beyond this immediate five-year plan"

    planned production is 455,000 to 505,000 ounces of gold over the next five financial years, sourced from underground and open cut mining"

    "AISC over the five-year period is expected to average A$1,900/oz to A$2,100/oz with costs to reduce over time as the development capital requirement decreases"

    https://mining.beehiiv.com/p/jims-mining-letter-june-24-2024

    Worth reading
 
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