Alkane Resources (ASX:ALK) have upgraded their FY2023 Guidance for their Tomingley Gold Operations to between 62,000oz to 70,000oz Au at an AISC of A$1,550/oz to $1,800/oz.
The Group’s unaudited cash, bullion and listed investments position at 31 December 2022 totalled A$114.1M.
The Tomingley Gold Extension Project approval is expected by early February.
Alkane Resources is an Australian gold production company based in West Perth, Australia.
They are poised to become Australia's next multi-mine gold producer and are currently operating at the Tomingley Gold Operations in Central West New South Wales.
Alkane says it has an enviable exploration track record and controls several highly prospective gold and copper tenements.
They recently made a porphyry gold-copper mineralisation discovery at Boda in 2019 and are continuing their major drill program.
Alkane's gold interests extend throughout Australia, with strategic investments in other gold exploration and aspiring mining companies.