
Alkane goes for gold with $89m Tomingley expansion
Alkane goes for gold with $89m Tomingley expansion Alkane Resources (ASX: ALK) announced increased gold production above 100,000ozpa with strong resultant cash flow in a five-year plan for its Tomingley gold operations in NSW. Production will be sourced from underground and open cut mining, with 455,000 to 505,000oz of gold expected over the next five financial years. This increase follows plans to realign Newell Highway and expand the existing processing plant to a nominal 1.5mtpa rate through 2025. Alkane will fund the $89m realignment and expansion through cashflow and...









