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Big drop today - down 10.77% currently @ 29c/share - volume 1.7mil. Not exactly sure why. Only news out today is the Board is being "refreshed" with Gavin Smith nominated


Mr Gavin Smith has been nominated for election as a non‐executive director of the Alkane Resources Ltd Group

("Group") at the forthcoming Annual General Meeting of shareholders.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

As discussed previously, the Company has been seeking to refresh the Board with the appointment of

additional independent members who will bring complementary skill sets and diversity to the Group's

leadership team.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

Mr Smith (B.Com., MBA, MAICD) has worked for the Bosch group, a leading global supplier of

technology and services, for the past 28 years in Australia and Germany and is the current Chair and

President of Robert Bosch Australia.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ In this role he has led the restructuring and transformation of the

local Bosch subsidiary.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Concurrent with this role, he is a non executive director of the various Bosch

subsidiaries, joint ventures, and direct investment companies in Australia and New Zealand.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ In addition,

Mr Smith is the Chair of the Internet of Things Alliance Australia (IoTAA), the peak body for organisations

with an interest in the IoT.ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚  ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚  With these credentials, he is a natural fit to augment the Board as the

Company progresses its transformation into an alternative supplier of technology metals into the global



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Quarterly Activities Report to 30 June 2018


Dubbo Project (DP)

 The update on the engineering, development and financials was released. Key points include that for circumstances where the Project is successfully funded and developed:

o The Project could generate A$4.7 billion free cash flow at the 20-year base case, with a forecast capital cost of A$1.3 billion base case build or A$808 million for the stage 1 build.

o The NPV / IRR is estimated to be between A$1,297 / 17.5% and A$909 / 16.1%, depending on whether capital is managed to build the Project as a single 1Mtpa plant or in two stages,

with both alternatives confirmed viable.


Tomingley Gold Operations (TGO)

 Excellent operational performance saw guidance for the full year met with 78,533 ounces of gold produced at an all in sustaining cost (AISC) of A$1,002 per ounce.

 Continued strong site operating cash flow for the quarter at A$16.0M(full year A$60.1M).

 Quarter Results

o Gold production was in line with forecast at 19,135 ounces.

o Site operating cash costs were A$754/ounce with AISC of A$1,017/ounce.

o Gold sales were 19,163 ounces for revenue of A$33.2M at an average price of A$1,735/ounce.

o 4,000 ounces of open forward contracts existed at 30 June 2018 at average forward price of A$1,750/ounce.

 Due to the completion of open cut mining, guidance for FY19 is production of 30,000 to 35,000 ounces of gold at an AISC of A$1,300 to A$1,400 per ounce. Included in this is budgeted

expenditure of $5M on rehabilitation for which provision in AlkaneÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s accounts has already been made.

 Planning for underground operations continues with appointment of a project manager to confirm the development economics and prepare a detailed execution plan for an investment

decision by December 2018. Corporate

 The GroupÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s cash and bullion position totalled A$80.0M, with A$72.0M in cash and bullion on hand at fair value of A$8.0M, an increase of A$11.0M from the previous quarter.


JULY 17 2018 - 1:00PM

Alkane Resources' exploration focus on prospects near Tomingley - https://www.dailyliberal.com.au/story/55306...k-up-the-slack/


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âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“These drill results suggest a significant and exciting discovery in a region that has a history of delivering large, low-grade and long-life gold-copper mines.


The project area has already delivered some strong indications of a big porphyry system near surface at Kaiser and, along with the results from this diamond drill hole at Boda, we can see clear evidence of Cadia-style mineralisation and grade over hundreds of metres.


Alkane is immediately prioritizing follow up drilling, seeking to determine the scale of this highly encouraging discoveryâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‚ÂÂ.

- and a few more holes needed to figure it out
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Alkane would be one of the few smaller resources plays with the sort of pockets to quickly step up its exploration efforts.


The company owns the small but profitable Tomingley gold mine, also in NSW, which generated Alkaneâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s $23m in net profit after tax last year. That cash flow out of Tomingley helped Alkaneâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s cash balance reach $80.3m at the end of June.


Alkane has a current market capitalisation of just under $200m.

& up some 20%

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Well, I am out of ALK.

Having doubled since I bought in, even if it was more good luck than good management, it is too good a profit to pass up.

I was more interested in the Rare earths side of the business than its gold production, but what the heck.

It may go higher, but there is no point in being greedy.


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Grade is king
But dollars in the bank are what count (and impress the punters)


Cadia is the 3 billion tonne resource grading 0.36g/t gold and 0.26% copper being mined by Newcrest near Orange, with its gold production costs (after copper credits) coming in at a magical $US171/oz for the 912,000oz produced in FY2019.


And Alkane ... 0.48g/t gold and 0.2% copper over "hundreds of metres".

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