ALK:ASX; ANLKY:OTCQX

Alkane Resources Ltd.

Alkane Resources Ltd. is a multicommodity mining and exploration company with a focus on gold, copper, zirconium, niobium and rare earths. Its projects and operations are located in the central west of New South Wales, in eastern Australia. Alkane commenced gold production in early 2014, after commissioning its Tomingley gold project in February, on time and on budget. The company is also developing the Dubbo zirconia project, with operations scheduled for 2016. This will position Alkane as a strategic and significant world producer of zirconium products and heavy rare earths. Several other copper-gold exploration projects in the region are being evaluated. The company is heavily committed to safe environmental practices and local community wellbeing.
ALK:ASX ANLKY:OTCQX

Expert Comments:

Tom Hayes, Edison Investment Research (2/23/17)
"Alkane Resources Ltd.'s Q2/17 quarter results indicated gold production of 11,756 oz. . .gold sales were 12,519 oz for Q2 resulting in AU$20.9M in revenue. The company's gold forward contracts at Dec. 31 were 43 Koz at an average forward price of AU$1,715/oz; its group cash position at end December totaled AU$24.5M."

Tom Hayes, Edison Investment Research (12/19/16)
"Alkane’s Resources Inc.'s recently announced revised execution plan for the DZP provides for a significant rerating of the project’s value. . .we view this plan as pivotal to the DZP’s successful execution. . .DZP revisions derisk financing and offtake. . .Alkane’s revised two-stage development concept underlines the continuing commitment to build out its flagship diversified rare metals and chemicals project."

Tom Hayes, Edison Investment Research (12/15/16)
"Alkane Resources Ltd. recent announcement that it has revised its execution plan for the DZP allows for significant review of our valuation of this asset, which we will publish shortly. . .Alkane's TGO gold mine produced in line with guidance during FY16 and contributed towards the company's end year cash position of A$24.6m and pre-tax profit of A$14.3m."

Tom Hayes, Edison Investment Research (11/24/16)
"Alkane Resources Ltd. highlighted the potential to develop its flagship Dubbo project in a modular way, thereby getting production and cash flow off the ground at initially less than half (US$480m/A$639m) of the total(US$977m/A$1.3bn). . .Alkane has maintained its current FY17 production guidance of 65-72koz Au at an AISC of production of A$1,200/oz to A$1,300/oz. . . Alkane’s TGO gold mine produced in line with guidance during FY16 and contributed towards the company’s end year cash position of A$24.6m and a pre-tax profit of A$14.3m."

Alkane Resource's flagship Dubbo Zirconium Project moved closer to production after the company announced a Memorandum of Understanding between its wholly owned subsidiary Australian Zirconia and German engineering and technology giant Siemens.
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Tom Hayes, Edison Investment Research (10/25/16)
"Alkane Resources Ltd. has announced that it has signed an MoU (via its wholly owned subsidiary Australian Zirconia)with Siemens relating to its flagship Dubbo Zirconium Project (DZP). . .the purpose of the MoU is to advance the DZP, in particular to state each party's intention with respect to the procurement of Siemens' equipment and operational solutions, and future offtake of products produced by the DZP. . .this MoU details Alkane's and Siemens' joint intention to enter into separate agreements for the purpose of progressing and implementing business opportunities such as offtake agreements for DZP products." v

Tom Hayes, Edison Investment Research (9/29/16)
"Alkane Resources Ltd. is also developing a more active exploration programme over its extensive NSW land holdings and we believe its long-held tenements are prospective enough to yield to further gold resources as evidenced by its two gold mines and major 3.0moz deposit sale to Regis Resources for an attributable A$73.5m in 2012. . .Resources now stand at 10.32Mt at 1.75g/t Au for 579koz, with total ore reserves of 0.524Mt at 3.7g/t for 61.6koz. These resource and reserve numbers support our fully diluted company valuation of A$0.75 per share (TGO + DZP), and our TGO only valuation of A$0.45 per share (at a 10% discount rate)."

More Expert Comments

Experts Following This Company

Christopher Ecclestone, Equities Strategist – Hallgarten & Co., MEDITERRANEAN RESOURCES LTD., Geodex Minerals Ltd.
Tom Hayes, Analyst – Edison Investment Research
Timothy Hayes – Davenport & Co.
Tony Hayes – Euro Pacific Canada
Richard Karn, Founder/Editor – Emerging Trends Report
Mike Millikan, Resources Analyst – Hartleys

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Multi-commodity miner: gold, zirconium, niobium and rare earths
 
Successful mining track record
 
Next heavy rare earth project