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An update from Alkane Resources Ltd ( (AU:ALK) ) is now available.
Alkane Resources Ltd has announced an update on its planned merger with Mandalay Resources Corporation, which aims to create a diversified gold and antimony producer with a strong balance sheet and three operating mines. The merger, subject to shareholder and regulatory approvals, is expected to enhance Alkane’s market profile and trading liquidity, with completion anticipated in early August 2025. The merger has garnered strong investor interest, with extensive joint marketing efforts by the leadership of both companies.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
More about Alkane Resources Ltd
Alkane Resources Ltd is an Australian company focused on becoming a leading multi-mine gold and copper producer. It operates the Tomingley Gold Operations in Central West New South Wales, with plans extending beyond 2030. The company has a strong exploration track record, with significant projects like the Boda porphyry gold-copper discovery. Alkane aims to enhance its portfolio through strategic investments in other gold exploration and mining companies.
Average Trading Volume: 1,912,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$439M
For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.