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ALK - ALKANE RESOURCES LIMITED


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An excerpt from a broker report on ALK.

 

"The Dubbo zirconia project actually contains the 10th largest undeveloped uranium resource in Australia. The in-situ grade is too low to be ecomonic in its own right. But because ore-grade material would be processed any way, extraction of the U3O8 at marginal extra cost would be a highly attractive proposition."

 

The measued/Inferred resource contains 10200t of U3O8 at a grade of 0.014%.

 

 

dm9k

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  • 4 months later...

In reply to: dm9k on Tuesday 02/01/07 01:14pm

shooting star directors buying !!!

 

Don't miss the early warning signs !!

 

Long time between drinks on this tread but if there was you would have probably missed the boat .

 

Load up while you can this baby is about to run

 

Good Luck to all holders

 

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http://www.brr.com.au/site/images/partners/sharescene-logo.jpg

Recent ShareScene.com Radio Broadcast (23/05/2007 10:30:00):

ALK - Paydirt Gold Conference Presentation - Mr Ian Chalmers, MD

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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  • 1 month later...

In reply to: Sky Rocket on Tuesday 22/05/07 09:56pm

 

ALK is featured in this weeks Bulletin by the Speculator . Interest will be shown in this stock as his readers follow his lead.

 

 

This week's forthcoming Bulletin magazine on sale Wednesday introduces a new zinc hopeful to the Speculator's portfolio.

 

OLD DIGGER GETS A NEW NAME: Alkane Exploration (Terrigal) NL was formed in 1969 to take over the interests of Central Coast Oil, a company that had been searching fruitlessly for oil and gas in NSW since 1955. By 1982, the "Terrigal" was dropped when hydrocarbon hopes were abandoned and the company turned to gold prospecting which, at least in some years, turned out to be profitable.

 

Now the venerable company is changing its name again to Alkane Resources Ltd (ASX code stays the same ALK), with four key projects underway in central western NSW, all within 150km of each other:

 

- The Tomingley gold project, where a feasibility study is due later in 2007 for a proposed one million tonnes/year open pit followed by an underground operation

 

- Dubbo zirconia project, claimed to be the largest zirconia deposit in the world, with a potential 250-year mine life, a planned demonstration pilot plant for 2007, followed by a feasibility study on a development decision by mid-2008

 

- The Galwadgere copper project where a joint venturer may be sought, and

 

- The McPhillamy's gold discovery within 20km structural corridor which offers a larger resource than Tomingley but in joint venture with Newmont.

 

Alkane has traded up from a year's low of 14.5c to a recent high of 45c and at last week's close of 42c carried a market capitalisation of $84.4m.

 

 

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From:

ALKANE EXPLORATION LIMITEDÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ (ALK)ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

To:

ALKANE RESOURCES LIMITED (ALK)ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

Thankyou

Sharescene.com

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  • 3 months later...

In reply to: ShareScene.com on Tuesday 10/07/07 11:50am

INTERVIEW WITH ALKANE RESOURCES (ALK)

MANAGING DIRECTOR, MR IAN CHALMERS

 

 

10 October 2007 (5.00pm, EST)

MoneyMajix

 

 

Good afternoon, Mr Chalmers

 

I WAS INTERESTED TO SEE THE INCREASE IN THE ALKANE SHARE PRICE TODAY. IT WAS UP ALMOST 25% TO 36 CENTS.

 

WHAT DO YOU THINK HAS PROMPTED THIS MOVEMENT?

WAS IT RECENT MEDIA IN THE US?

 

I am not sure but Alkane was favourably mentioned at

http://www.resourceinvestor.com/

 

Maybe US investors were buying overnight.

 

In the past, Alkane has had more positive exposure overseas than in Australia.

This may be one of the reasons Alkane is so undervalued, in my opinion.

 

 

WHAT PROGRESS IS BEING MADE WITH 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 VARIOUS PROJECTS?

 

Firstly, there is the Tomingly Gold Project in central west, NSW.

 

This is an exciting project and a feasibility study for development is being undertaken.

 

We have found a new deposit called Caloma about two to three months ago which is part of the bigger project. This pushes the resource potential to about one million ozs.

 

Previously identified is 600,000 ozs. That is drilled out to resource status and it contains near 75% in Measured and Indicated, and not a figment of my imagination.

 

 

HOW WOULD YOU VALUE THE TOMINLGY GOLD PROJECT RESOURCE?

 

Conservatively, some analyst value resources at around $100 per oz., so on the 600,000 ozs., gives us a valuation of $60,000,000.

 

It you take it as 1,000,000 ozs., then the value would be $100,000,000.

 

This project is 100% owned by Alkane Resources.

 

 

CAN YOU DISCUSS THE ZIRCONIA PROJECT AND EXPLAIN A BIT THE USES OF ZIRCONIA?

 

Alkane also owns 100% of a rare metal-rare earth deposit near Dubbo, which we call the Dubbo Zirconia Project, but which contains several metals including zirconium and niobium, as well as rare earths.

 

Some people would think of fake diamonds when they hear about zirconia but zirconia has a huge spectrum of uses.

 

It is used as a drying agent in paint, and replaces lead, so it is environmentally friendly.

 

It is also used in electronics, catalysts, ceramics and many computer components.

 

A demonstration plant will be starting in November which will produce several tonnes of sample products for distribution to potential customers.

 

The article in the US referred to the other part of the project in Dubbo which is Rare Earths. These also have a great spectrum of uses, including special magnets which are an important component of hybrid electric car motors.

 

The deposit is very large and an open cut mine here could last 200 years.

 

The feasibility study is ongoing and we won't be able to make a decision about the project until next year.

 

 

CAN YOU PROVIDE US WITH SOME DETAILS OF YOUR JOINT VENTURE WITH NEWMONT MINING?

 

Yes. We are very excited about it. The joint venture is in the Orange area, near Newcrest's large Cadia operations. We are exploring and it is early days.

 

However, last year we announced some spectacular gold intersections but there was not much market reaction at the time.

 

We have a lot of work to do there but it does look encouraging.

 

 

ALKANE HAS A SIZEABLE HOLDING IN BC IRON.

 

Yes. We floated BC Iron and we are still hold shares in the company.

 

The value of that holding is around $17 million dollars at today's share price.

 

 

ALKANE HAS COPPER INTERESTS, TOO?

 

Yes. We have a small copper deposit near Wellington which we hope to do some more work on later this year or early next year. We want to see if we can expand the resource and progress towards development.

 

 

DO YOU THINK THE MARKET HAS PLACED A REASONABLE VALUATION ON THE ALKANE RESOURCE SHARE PRICE?

 

At the current share price of 36c the company is valued at around $70 million.

 

We have a value of $17million just for our holding of BC Iron.

 

So that values the resource assets at less than $53 million, which in my opinion barely values the Tomingley Gold Project.

 

 

WHY WOULD YOU SUGGEST PEOPLE BUY SHARES IN YOUR COMPANY?

 

That's always a tricky question for a company Managing Director, but the current attraction of Alkane is it's multi commodity resource base, focussed within a relatively small area in central NSW, and with a very good chance that at least two projects could proceed towards development in the next two to three years. That would see us back into cash flow and hopefully profits.

 

 

 

Mr Chalmers, thank you for your time this afternoon.

 

It sounds like there is a lot going on and more news will be forthcoming to the market in the future.

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  • 1 month later...
Guest CAINMAPLE

In reply to: Ruckmauler on Thursday 11/10/07 11:30am

Alkane's share price may be moving sooner than you think!!!!

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Ruckmauler brought this Alkane Resource Investor article to the attention of HC Posters and investors on the 11th October.

http://www.resourceinvestor.com/pebble.asp...1&phrase=alkane

Resource Investor's Jack Lifton has subsequently produced a series of articles on Rare Earth Metals , the latest being the 29th November , in which Alkane is again mentioned .

http://www.resourceinvestor.com/pebble.asp?relid=38352.

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Serious investors should take the time to read both these articles ---and get a better understanding of the growing need , importance and value of Alkane's Dubbo Zirconium and associated Rare Earths resource .

 

Lifton talks about the use of various Rare Earths by all producers in the automotive industry --especially neodymium.Zirconium is already widely used by Toyota in another aspect of the automotive industry .

In Alkane's latest September Quarterly Report, reference is made to Ansto broadening the near finished Demonstration Plant , to also extract neodymium --amongst its multiple extraction of various Rare Earths .

 

The Dubbo Demo Plant ( co -built by Ansto at Lucas Heights) should be operating soon , with its trial products commencing distribution early in 2008.

The automotive industry is just one of the multi uses of Zirconium and Rare Earths ---but the increasing demands in new age hybrid cars , as just one of many purpose usages, is very substantial .

Alkane has a great suite of resource interests --, apart from Dubbo , it has iron ore with BCI, gold at Wyoming /Caloma in NSW, gold /zinc with its joint venture with Newmont at Mcphillamy's NSW , copper/gold at Galwadgere in NSW, and maybe a 'sleeper'in a JV Nickel / Gold tenement with Jubilee at Leinster in WA .

 

Dubbo, Wyoming/Caloma and Mcphillamy's are all steadily progressing , and its no wonder that an astute investor like Ian Gandel has booked an early first class seat in the front row of investors .

 

The start up of the Demo Plant for Dubbo Zirconium and Rare Earths may really start to fire up interest in Alkane--and very, very soon!!!!!!!!!!

Do yourself a big favour , and check out these articles from Resource Investor . Alkane's current capital raising at 32c might seem a very inexpensive and wise investment in a few months time .

 

 

 

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  • 3 weeks later...

In reply to: CAINMAPLE on Monday 03/12/07 08:30am

Good post Cainmaple. I have been with ALK for a long time and always thought I was on a good thing, even without the rare earth component. This info has crytallised that potential, and makes me feel even better about doubling my holding just a bit earlier today. I'm reinvesting my GEM cheque from the KIM debacle.

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