Alkane Resources Ltd (AU:ALK) has released an update.
Alkane Resources Ltd has announced a promising Scoping Study for its Boda-Kaiser Project, revealing that the largest of three evaluated mining scenarios, which processes 20 million tonnes of ore annually, offers significant economies of scale with strong potential economic returns. The study outlines a 17-year project life with a forecasted free cash flow of A$5.7 billion and highlights future plans that include environmental assessments, method evaluations, and strategic partnerships. With the current prices of copper and gold, the 10 million tonnes per annum option is also viable, suggesting a bright future for the project in the global commodities market.
For further insights into AU:ALK stock, check out TipRanks’ Stock Analysis page.
