Alkane Resources Ltd (AU:ALK) has released an update.
Alkane Resources Ltd reported lower than expected gold production at Tomingley due to reduced recoveries, with an unchanged FY2024 guidance projecting lower production and higher costs. The company is progressing with its Tomingley Gold Extension Project and expects to commence mining at the high-grade Roswell deposit. Alkane also anticipates completing the updated resource estimation for the Kaiser project by the end of April, with a scoping study due in the following quarter.
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