Alkane Resources
Primary Ticker: ASX:ALK, TSX:ALK, OTC:ALFEF
Stage of Development: Production, Exploration
Primary Minerals: Antimony, Gold
Country / Region: Australia, Sweden
Market Cap 125M
Website: Alkane Resources
Alkane is an ASX and TSX listed Australian gold producer and explorer. Alkane has 3 mines (Australia and Sweden) that produce gold and antimony. Guidance is 160-175 kozeq this financial year. Alkane also has the large gold and copper Boda-Kaiser project in Australia.
Management Profile
Nic Earner, Managing Director
Mr Earner is a chemical engineer and mining executive with 30 years of experience in technical and operational optimisation and management. He joined Alkane Resources Ltd as Chief Operations Officer in August 2013 and was appointed Managing Director on 1 September 2017. During Mr Earner’s time as Managing Director, the Dubbo Project has been de-merged into the separately listed Australian Strategic Materials Limited (ASX: ASM), Tomingley Gold Operations has had its mine life extension approved by the NSW government, the Boda-Kaiser Project has gone from discovery to scoping study, and Alkane has transformed into a mid-tier company through a merger with Mandalay Resources.
What is your rationale for taking part in 121 Mining Investment?
We are looking to increase our institutional shareholding.
What recent news would you like to highlight to investors attending?
Our growing production profile and strong cashflow.
What are your key goals for the next 3, 6 and 12 months?
3 Months
Deliver on mine plans, generate cash.
6 Months
Increase mine lives.
12 Months
Increase production,
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Risks - Input costs and mine expansion. Long dated contracts, local workforce (not FIFO), close project and debt management.
What do you think makes your company such a compelling investment?
Compared to its peers with lower production and lower cashflow, Alkane appears relatively undervalued.
What are the top 3 key investor takeaways?
- Alkane has three operating mines in tier one locations.
- The Boda-Kaiser deposit has large in ground value.
- The Alkane team has a track record of exploration and corporate success.
