Alkane Resources Ltd.

Alkane Resources Ltd. is a multicommodity mining and exploration company with a focus on gold, copper, zirconium, niobium and rare earths. Its projects and operations are located in the central west of New South Wales, in eastern Australia. Alkane commenced gold production in early 2014, after commissioning its Tomingley gold project in February, on time and on budget. The company is also developing the Dubbo zirconia project, with operations scheduled for 2016. This will position Alkane as a strategic and significant world producer of zirconium products and heavy rare earths. Several other copper-gold exploration projects in the region are being evaluated. The company is heavily committed to safe environmental practices and local community wellbeing.

Expert Comments:

An Edison Research report explained the crossroads this Australian multicommodity firm is at and reviewed its most recent quarter's financials.
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Tom Hayes, Edison Investment Research (5/4/18)
"A strong Q3/18 saw Alkane Resources Ltd.'s Tomingley gold operation mine generate operating cash flows of AU$21.2M, driving the company's cash pile to AU$60.6M with a further AU$8.4M held as bullion on hand. Two critical path catalysts are due in the final quarter of FY18, the final modular costing plan for the Dubbo project and the way forward for extending the Tomingley gold operation's mine life."

Tom Hayes, Edison Investment Research (1/25/18)
"We adjust our forecasts on Alkane Resources Ltd. to reflect FY17 results, reducing by 17% our forecast FY18 loss per share. With a solid first quarter of production at the Tomingley gold operation, costs and guidance in line with our forecasts and a revision to our Dubbo project product price forecasts, we increase our AU$0.71/share valuation by 11% to AU$0.79."

Tom Hayes, Edison Investment Research (11/30/17)
"Q4/17 going into Q1/18 should prove pivotal to the development of Alkane Resources Ltd.'s Dubbo project, aided in no small part by a strong broad rebound in Dubbo project-relevant metal prices that account for about 80% of future annual revenue generation. We see the Dubbo project taking center stage for the company as it looks to develop its flagship project and secure commercial binding agreements over projected phase 1 annual revenues (of about AU$407M)."

Tom Hayes, Edison Investment Research (11/23/17)
"We see Alkane Resources Ltd.'s Dubbo project taking center stage for the company as it looks to develop its flagship project and secure commercial binding agreements over projected phase 1 annual revenues (of about AU$407M). The Tomingley gold operation has maintained course on cost and production guidance for the financial year, and a revised underground mine plan is due by 2017E."

Tom Hayes, Edison Investment Research (10/26/17)
"Alkane Resources Ltd.'s Q118 results show 24,122oz Au was produced at C1 cash costs of A$765/oz and AISC of A$982/oz, representing q-o-q increases of 9% each. . .note that AISC of A$1,000/oz was used when marketing the TGO for development back in 2012, and so current operations are supporting previously estimated cost levels; this is also testament to management’s ability to execute development of the project successfully. . .a number of the Dubbo Project's end product prices have seen a rebound over the past six months, and provide a clear reason to focus on Alkane’s long-held flagship asset."

Tom Hayes, Edison Investment Research (9/21/17)
"The resource and reserve statements for Alkane Resources Ltd.'s Tomingley gold operation have been updated, the record total mineral resources across all categories of 9.23 Mt at 1.7 g/t Au for 508 Koz and total ore reserves of 2.68 Mt at 1.9 g/t for 166 Koz. . .underground reserves are 0.524 Mt at 3.7 g/t Au for 62 Koz, and the ore body is still open and being drill tested to potentially increase this number."

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Experts Following This Company

Tom Hayes, Analyst – Edison Investment Research

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Investing Highlights
Multi-commodity miner: gold, zirconium, niobium and rare earths
Successful mining track record
Next heavy rare earth project