Gold project on track

Alkane Resources remains on track to complete the Definitive Feasibility Study for its Tomingley gold project by early October.

Alkane Resources remains on track to complete the Definitive Feasibility Study (DFS) for its Tomingley gold project by early October, the company announced in its quarterly report released yesterday.

Located near Parkes in central New South Wales, Tomingley currently has an 840,000 ounce gold resource within its Wyoming and Caloma deposits. The DFS is assessing development of the project for potential 50,000 to 70,000 ounce per annum production, the company said.

According to its report, Alkane has completed a working site plan while major inputs such as metallurgy, residue management, water and power supply and other infrastructure are nearing completion.

The company said it has lodged a Preliminary Environment Assessment with the New South Wales Department of Planning with an on-site meeting scheduled for mid-August.

The June quarter also saw Alkane undertake a reverse circulation drilling program of 33 holes at the Caloma deposit in order to upgrade the resource status from inferred to indicated resources.

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