Articles On Alkane Resources (ASX:ALK)

A “very large” halo of copper has been identified in first-pass, widely-spaced reconnaissance drilling at Impact Minerals’ (ASX: IPT) Apsley prospect within the wholly-owned Commonwealth project in New South Wales’ Lachlan copper-gold provi...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

Following its demerger from Alkane Resources and the listing of its shares on the ASX in July 2020, the company can now focus on its critical materials and value-added production, especially its cornerstone Dubbo Project.

Diversified explorer Alice Queen (ASX: AQX) is to drill two deep holes — about 700m in each case — at its highest ranking porphyry targets at Mendooran, a project located on the Molong Volcanic Belt (MVB) of NSW. This is the belt that hosts...

“The high-grade breccia zone at surface not only further emphasises the large vertical depth of the system, but also gives rise to considering open cut as a potential mining method at Boda,” says MD.

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

The company’s shares will remain in a trading halt until Tuesday, August 17, or when an announcement is released to the market.

Alkane Resources has purchased a $16 million fleet of Sandvik, Epiroc, Cat and Volvo mining machines to advance the Tomingley gold extension project in New South Wales. The Tomingley extension project will cost Alkane more than $30 million...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

The ASX200 chalked up another day of gains in Thursday trade, and once again it was resources leading the way. The ASX200 Materials index posted a solid 1.51% gain, and has now risen by at least 1% on five of the last seven trading days. Pr...

The ASX200 continued tracking a steady path forward, as the broader economy looks set to take a hit from Sydney’s ongoing COVID-19 troubles. Across sectors, the ASX200 indexes for both Resources and the Materials continued on their merry wa...

During the June quarter, gold production at the Tomingley operations was above forecasts at 13,500 ounces with site operating cash costs at A$1,199/ounce and all-in sustaining costs (AISC) of A$1,669/ounce.

The ASX 200 climbed by 0.20%, despite the release of NAB’s monthly survey which shows business conditions in Australia are falling in June. Australian business conditions fell by 12 points to +24 index points after reaching a new high last...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Alkane Resources has outdone its production guidance at the Tomingley Gold Operations in New South Wales, off the back of higher ore grades. The company surpassed its gold production guidance (50,000 ounces to 55,000 ounces) for the 2021 fi...

New Victorian gold producer Kaiser Reef has snared “blue chip” exploration ground on a richly endowed section of the world-class Molong Volcanic Belt between Australian gold major Newcrest Mining’s Cadia operation and Alkane Resources’ prom...

Summary The S&P/ASX200 gained 43.70 points or 0.60% to 7,370.60, crossing above its 20-day moving average. All 11 sectoral indices traded in green, while material was the top performer with 1.5% gain. Tech firm Nuix was the top ga...

In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is pushing higher again. At the time of writing, the benchmark index is up 0.3% to 7,348.2 points. Four ASX shares that are climbing more than most today are listed below. Here...

Kaiser Reef has been awarded three highly prospective exploration licences in New South Wales’ actively explored Molong Volcanic Belt. Significantly, the licences sit between Newcrest Mining’s major Cadia copper-gold mining operation and Al...

The Alkane Resources Limited (ASX: ALK) share price is gaining in morning trade, up by 2.49% to $1.24. Below we take a look at the ASX resource producer’s gold production update. What production update did Alkane announce? Alkane Resources...

Summary The ASX 200 opened higher on Thursday after the US Federal Reserve’s minutes from its latest monetary policy meeting largely supported investors’ expectations. By 10:30 AM (AEST), the ASX 200 was trading 0.69% higher at 7,377.2...

Today’s update indicates gold production at Tomingley has even surpassed revised production guidance, which was updated in April because of higher-than-expected material grades.

Wall Street rises; Haiti president is assassinated All three key US benchmarks rose overnight, with Apple and Amazon amongst the best performers. The Dow Jones was up by 0.30%, S&P 500 by 0.34%, and tech heavy Nasdaq by less than 0.01%....

Copper prices softened ~8% in June after hitting record highs in May, but Citi have upgraded their near-term outlook in light of the recent sell-off and remain bullish on prices over the next 3-6 months. But even with a hiccup, the outlook...

Gains for the technology sector spurred a 2.3% rise for the ASX200 in June, the eleventh month of gains for a financial year that returned 27.8%. -The ASX200 climbed 2.3% during June and the FY21 total return was 27.8%-In June Technology wa...

Alkane Resources had been working on the large Dubbo zirconium project in New South Wales for more than 25 years, with cashflow from its ...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

Alice Queen (ASX: AQX) has unearthed further copper and gold mineralisation at the Boda East target within the New South Wales-based Yarindury project. The company has received assays from drilling which identified mineralisation extends al...

Alliance Aviation Services (AQZ), The Star Entertainment Group (SGR), Bega Cheese (BGA), Betmakers Tech Group (BET) and Alkane Resources (ALK).

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

If you want to know which ASX stocks fund managers and famous investors are becoming and ceasing to be substantial shareholders of, we’ve been keeping track so you don’t have to. Trading Places is Stockhead’s recap of the substantial holder...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

A highly anticipated drilling campaign at MinRex Resources (ASX:MRR) Wiles prospect in the hot Lachlan Fold Belt in NSW is set to begin next week. The 15-hole, 800m RC drilling program at Wiles, located within the Sofala gold project, has r...

Kincora Copper is expanding its gold-copper prospective ground in NSW’s prolific Lachlan Fold Belt after it noticed similarities to the world class Cowal and Northparkes mines. Kincora Copper (ASX:KCC) has applied for a further 616sqkm in t...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Alkane Resources plans to increase the life of its Tomingley gold operations in New South Wales past 2030, adding more than seven years to the current mine life. Tomingley will be expanded immediately south into the Alkane-owned Roswell and...

The San Antonio mineral resource estimate stands at 406,000 ounces of gold while Roswell has 660,000 ounces to date.

Drilling at Alice Queen’s (ASX: AQX) Mendooran copper-gold project within New South Wales’ Lachlan Fold Belt has confirmed the presence of prospective Macquarie Arc rocks along the Molong Volcanic Belt (MVB). Two holes were drilled targetin...

Investors – where to put your money when everything looks so bloody good? Iron ore touched $200/t once again to close out a volatile month in positive territory. Gold bounced back to record its biggest month-on-month gain since July last ye...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The fun police have arrived to crash the copper party, with a WoodMac article this week dampening the mood amid the base metal’s irreverent climb to record prices. Copper prices have been on an absolute tear over the past two months, pushin...

Kincora Copper’s significant exploration position in the highly prospective Macquarie Arc gold-copper terrane of the Lachlan Fold Belt, its highly skilled team and multiple high-quality targets with Tier 1 potential have caught the eye of B...

The most noteworthy directors trade over $100,000 was a $6 million buy made by a former NRL player. Wes Maas played two first-grade games for South Sydney in 2002 but after that founded civil and mining construction company Maas Group (ASX:...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

The ASX is getting a new Lachlan Fold Belt copper hunter with Askari Metals set to open its $6m IPO this week. With the price hitting yet another record high, now is definitely the time for copper plays to be making their mark. Last Friday...

The copper price has reached an all-time high (ATH) of US$10,420/tonne after rising by 3.2% late Friday. This puts the price of the red metal at more than double its March 2020 lows. Dr Copper is in the house.   What’s driving demand? The r...