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Alkane Resources Ltd ( (AU:ALK) ) has shared an announcement.
Alkane Resources Ltd has updated its Mineral Resources and Ore Reserves estimates for its Australian and Swedish assets, complying with the JORC Code. The company reports a consolidated resource and reserves base across its three operating mines and the Boda-Kaiser Project, indicating robust business strength and long-term growth potential. This update underscores Alkane’s commitment to substantial capital expenditure, particularly at the Costerfield site, to enhance its resource base and maintain its industry positioning.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 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 specializing in gold and antimony production, with operations in Australia and Sweden. The company operates three mines: Tomingley in New South Wales, Costerfield in Victoria, and Björkdal in Sweden. Alkane also owns the Boda-Kaiser Project, a large gold-copper porphyry in New South Wales, and is actively engaged in exploration activities to expand its resource base.
Average Trading Volume: 7,740,399
Technical Sentiment Signal: Buy
Current Market Cap: A$1.54B
Learn more about ALK stock on TipRanks’ Stock Analysis page.