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ALKANE RESOURCES LIMITED

ASX: ALK

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Alkane Resources Ltd is an ASX and OTCQX (US) listed multi-commodity mining and exploration company with a focus on gold, copper, zirconium, niobium and rare earths. Alkane's projects and operations are located in the Central West of New South Wales, in eastern Australia.

    Current Projects Alkane's Exploration Projects
    Follow this link to see Alkane's exploration projects


    DUBBO ZIRCONIA PROJECT

    The Dubbo Zirconia Project (DZP) is located 20 kilometres south of the large regional centre of Dubbo, approximately 400 kilometres northwest of Sydney in the Central West Region of New South Wales. The DZP is based upon one of the world’s largest in-ground resources of the metals zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements.

    Over several years the Company has developed a flow sheet consisting of sulphuric acid leach followed by solvent extraction recovery and refining to produce several products. This flow sheet has been trialled to Mini Pilot Plant level, to recover a suite of zirconium chemicals, zirconia, a niobium-tantalum concentrate and a yttrium-rare earth concentrate which are used in the expanding ceramic, catalyst, electronics, engineering ceramic, and specialty glasses and alloys industries.

    Project Updates

    MOUs have been signed with potential purchasers of DZP products. Among these is an agreement with Japan’s Shin-Etsu Chemical Company, which will see 100% of the DZP’s rare earth outputs being shipped to Japan for processing into high purity individual rare earth oxides before being on-sold to the global market.

    TOMINGLEY GOLD PROJECT

    The Tomingley Gold Project (TGP) extends over 60 kilometres from near Parkes in the south, to north of Tomingley in the Central West of New South Wales and covers a narrow sequence of Ordovician volcanic rocks. The Wyoming Prospect, within the TGP, is situated about 14 kilometres north of the Company’s Peak Hill Gold Mine and immediately north of the historic 70,000 ounce gold producing Myalls United Mine (McPhails).

    • Mining operations have commenced at Tomingley in January 2014
    • Gold production commenced in 2014
    • Commissioning with the first ore feed to the mill on 16 January 2014
    • Pouring of the first gold bar on 14 February 2014
    • Expected mine life 7.5 years

    ORANGE DISTRICT EXPLORATION JOINT VENTURE - ODEJV

    In August 2005, Alkane reached agreement with Newmont Australia Limited (Newmont) to farmin to Alkane’s Orange Project which includes the Molong and Moorilda tenements located near the city of Orange in the Central West of New South Wales, adjacent to Newcrest Mining Ltd’s Cadia Valley Operations (~30Moz total resources).

    During 2006, exploration programs tested targets at Charlies, Galloway and Borenore within the Molong tenements. Two deep diamond core holes were drilled to follow up encouraging alteration and mineralisation associated with monzonite type intrusives and skarn-sedimentary replacement style mineralisation intercepted by the 2005 drilling. While no significant grades were returned the drilling continued to confirm that the project area still has potential to host significant gold and gold-copper deposits.

    Further modelling of the aeromagnetic data and Induced Polarisation surveys are planned to assist with target definition.

    In March 2006 a soil auger sampling program over the McPhillamys Prospect within the Moorilda Project delineated a robust +100ppb gold response within a 650 x 200 metres area with coincident anomalous indicator trace elements. Reconnaissance geological mapping of this area recorded intensely altered felsic volcanic rocks hosting iron-oxide after sulphide, and sheeted quartz veins within the target zone.

    PEAK HILL GOLD MINE PROJECT

    The Peak Hill Gold Mine is located 400km north west of Sydney between the large regional towns of Parkes and Dubbo in the Central West of New South Wales. After completing a feasibility study in 1993 the development of the oxide mine was delayed by native title and environmental issues until 1996, with the first gold poured in October of that year. Mining ceased late 2002 but production continued through to 2006. The mine site occupies 130 hectares within the larger exploration licence area 40km2, and is located immediately to the east and north east of the township of Peak Hill.Rehabilitation of the mine site has been largely completed. The mine itself has been turned into a tourist destination called the Open Cut experience, which provides information and tours on the history of mining in the region.

    WELLINGTON GOLD PROJECT

    The Wellington Project is centred 15 kilometres to the southeast of the town of Wellington. The project hosts several targets, including the Federal gold and Galwadgere copper-gold prospects. The Galwadgere deposit, which has been the focus of most of the recent exploration effort, is located adjacent to favourable infrastructure, being three kilometres from the main Western Railway, near to power and water.

    BODANGORA PROJECT

    EL 4022 is located 15 km north-east of Wellington, and about 25 km north of Alkane’s Wellington (Galwadgere) prospect. The tenement includes part of the northern end of the Ordovician aged Molong Volcanic Belt (MVB) before it is covered by younger sediments of the Great Australian Basin. The MVB hosts the monzonite intrusive gold-copper deposits of the Cadia Valley Operations (~20M oz) of Newcrest and several other advanced exploration projects.

    CUDAL PROJECT

    The two exploration licences (EL 4155 & 5851) centred 25 km west of the city of Orange, adjacent to Alkane’s Molong prospect and the Cadia Valley Operations of Newcrest. The tenements are located on an outlier of MVB andesitic volcanics, separated from the main belt to the east by the Columbine Mountain Fault, another major crustal structure. Remnants of a Tertiary basalt sheet are scattered throughout the tenements.

    Mine For

    zircon, hafnium, niobium, tantalum, yttrium, rare earth elements, gold, copper

    Location of operation(s)

    New South Wales

    Address

    65 Burswood Road
    BURSWOOD, WA, AUSTRALIA

    Phone

    (61 8) 9227 5677

    Email

    Website


    Last Updated

    14/07/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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