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An update from Alkane Resources Ltd ( (AU:ALK) ) is now available.
Alkane Resources Ltd has announced significant new gold mineralisation discoveries at its Tomingley Gold Operations. The recent drilling at McLeans and the Western Monzodiorite domain at Roswell has revealed promising gold intercepts, indicating potential resource expansion and increased confidence in existing inferred resources. These findings underscore the company’s ongoing efforts to extend the mine’s life and enhance its resource base, which could positively impact its operational capabilities and market position.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.40 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 a mining company primarily focused on gold exploration and production. The company operates the Tomingley Gold Operations in Central New South Wales, Australia, and is engaged in expanding its resource base and extending the mine life through extensive drilling programs.
YTD Price Performance: 97.06%
Average Trading Volume: 8,347,539
Technical Sentiment Signal: Buy
Current Market Cap: A$1.37B
For an in-depth examination of ALK stock, go to TipRanks’ Overview page.