Alkane Resources announced the Tomingley update and guidance upgrade

Alkane Resources Ltd (ASX: ALK) announced that it had upgraded its FY2023 Guidance for its Tomingley Gold Operations in central west New South Wales to between 62,000oz to 70,000oz Au at an AISC of AU$1,550/oz to AU$1,800/oz (previously 55,000 to 60,000oz Au at an AISC of AU$1,650/oz to AU$1,900/oz).

The group’s unaudited bullion, cash, and listed investments position on 31 December 2022 totalled AU$114.1 million, including AU$86.3 million cash, AU$6.9 million of bullion in hand, and AU$20.9 million of listed investments. The approval of the Tomingley Gold Extension Project (TGEP) was received by the end of December. All information required related to the company has been provided. The project remains under consideration by the Department of Planning and Environment, with approval projected by early February.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com