ALK 7.76% 62.5¢ alkane resources limited

Very soon I would image, there is a new newsletter out for the...

  1. 569 Posts.
    lightbulb Created with Sketch. 270
    Very soon I would image, there is a new newsletter out for the TGO that states the following,which was sent by email to me yesterday.

    The newsletter does not yet appear to have been posted to the website, so I have quoted from it.


    "Successful summer shutdown
    After nearly six years of continuous operation, the
    TGO processing plant got a well-earned break for
    eight weeks over summer. The plant was placed
    into care and maintenance mode in mid- December,
    allowing the TGO team to complete a major
    overhaul and service, before successfully restarting
    in mid-February.
    We’ve replaced rubber skirtings, valves and
    bearings, checked metal parts for corrosion (and
    replaced where needed), poured new concrete –
    just to name a few of the scores of maintenance
    activities that have taken place.
    This shutdown period also allowed us to build up
    stockpiles of underground ore, which has been
    accumulating during development of the mine. Ore
    was first extracted from stopes in December. The
    plant has resumed operations, processing a mix of
    underground ore and residual low-grade stockpiles."




    In addition the following is in the newsletter,
    "Other site activities
    While the processing plant underwent maintenance,
    the underground development continued as
    planned, with excellent progress. We’ve also
    expanded the underground team to man the second
    jumbo (and supporting equipment) purchased
    last year.
    A surface drilling program to test the upper extents
    and continuation of one of the ore zones has also
    been underway. Comprising 21 holes (approx.
    5000m), the drill program is now nearing completion
    with the surface drill planned to commence work
    elsewhere on site.
    TGO’s progressive site rehabilitation of the waste
    rock emplacements (WRE) has now concluded.
    Our surface rehabilitation contractor (Revegetation
    and Erosion Control Services, ‘Reveg’) completed
    outstanding rehabilitation works associated with
    the WREs in December. This work consisted of
    topsoil placement, seeding, strawing, construction
    of drainage and water drop down structures. Reveg
    completed demobilisation from site in January.
    Tomingley Gold Extension Project
    Resource definition drilling is continuing in the gold
    corridor located just to the south of TGO. This is
    part of an intensive exploration program aimed at
    providing additional ore feed, either at surface or
    underground, for future processing at TGO.
    Drilling at the Roswell deposit was recently
    completed and the first Inferred Resource
    announced. Drilling is continuing at the San
    Antonio and El Paso deposits, with the first Inferred
    Resource for San Antonio anticipated in March.
    TGO has also submitted an application to develop
    the proposed exploration drive from the existing
    underground operations (Wyoming One) to the San
    Antonio and Roswell deposits, following approval
    from the Regulator. As part of this, we have
    purchased a farm property to the immediate south
    of TGO, where a vent rise is planned.
    Overall, the extension project continues to look
    encouraging, and TGO is expediting the process
    to move to mine development of the Roswell
    and San Antonio prospects. We’ve commenced
    consultation with some of the key stakeholders,
    including landholders and regulators as part of the
    approvals process.
    If the project looks economically feasible, the next
    steps would be to commence an application to the
    Department of Planning, Industry and Environment,
    followed by environmental studies (including
    an Environment Impact Statement), landowner
    discussions and obtaining all the required approvals
    and licences for an underground and open cut
    mining development.

    Happy to see the government is finally indicating support for the DP project, and waiting on the overdue next drill results for Tomingley South and the now due results for Boda.
    Last edited by RabbitTrap: 06/03/20
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
62.5¢
Change
0.045(7.76%)
Mkt cap ! $377.1M
Open High Low Value Volume
59.0¢ 62.5¢ 59.0¢ $929.0K 1.518M

Buyers (Bids)

No. Vol. Price($)
1 18000 62.0¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 186854 7
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
62.5¢
  Change
0.045 ( 7.33 %)
Open High Low Volume
59.5¢ 62.5¢ 59.5¢ 349489
Last updated 15.59pm 29/03/2024 ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.