Alkane Resources Ltd (AU:ALK) has released an update.
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Alkane Resources Ltd has announced a robust five-year plan for its Tomingley Gold Operations, aiming to produce between 455,000 to 505,000 ounces of gold. The plan includes an average All-In Sustaining Cost (AISC) of A$1,900 to A$2,100 per ounce, with costs expected to decrease over time. Significant developments include a $89 million capital investment for highway relocation and processing plant expansion, with the company’s resources projected to extend beyond the five-year outlook.
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