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Alkane Resources Ltd ( (AU:ALK) ) has provided an announcement.
Alkane Resources Ltd has released technical reports for its Costerfield and Björkdal operations, originally prepared by Mandalay Resources Corporation under Canadian NI 43-101 standards. These reports are classified as ‘foreign estimates’ under ASX rules, and Alkane has begun the process of converting them to JORC Code-compliant estimates. The company aims to increase its gold production and diversify its sources, aligning with its strategy to become a leading mid-tier gold producer.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 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 Australia-based company engaged in gold and antimony production, with operations in Australia and Sweden. The company operates three mines: the Tomingley gold mine in New South Wales, the Costerfield gold and antimony mine in Victoria, and the Björkdal gold mine in Sweden. Alkane also owns the Boda-Kaiser gold-copper project in New South Wales, focusing on expanding its mineral resources and reserves.
Average Trading Volume: 3,782,087
Technical Sentiment Signal: Buy
Current Market Cap: A$1.53B
See more insights into ALK stock on TipRanks’ Stock Analysis page.