Alkane Resources Ltd · ASX:ALK
Alkane Resources — Shareholder Meeting (November 2023)
22 slides from Alkane Resources's shareholder meeting presentation, Nov 21, 2023
Slide 1: Investor Presentation
For personal use only Investor Presentation Nic Earner Managing Director 21-23 November 2023 © 2023 Alkane Resources
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, For personal use only future performance or potential growth of Alkane Resources Ltd, industry growth or other tre
Slide 3: Strategy, Growth & Investment
Strategy, Growth & Investment For personal use only Alkane is growing shareholder value through: • Reliable and increasing gold production at Tomingley • Proven exploration and development success • Boda-Kaiser emerging as world class gold-copper deposit CONSISTENT MINING TRACK RECORD OF STRATEGIC D
Slide 4: Highlights from the last year
Highlights from the last year For personal use only Exceeded production guidance at Tomingley for FY23 • 70koz Au produced (AISC A$1,602) • 55-60koz Au original guidance (AISC A$1,650-$1900) Acquired promising gold-copper exploration tenements from Sandfire Exploration drive reached Roswell. Infill
Slide 5: Corporate Profile
Corporate Profile Capital Structure Ian Gandel (Non-Executive Chairman) Mr Gandel is a successful Melbourne based businessman with extensive experience in retail For personal use only Ordinary Shares 603 million management and retail property. Through his private investment vehicles Mr Gandel has be
Slide 6: Tomingley Operation
Tomingley Operation • 1Mtpa processing plant operating since 2014 For personal use only (approved expansion to 1.75Mtpa) • Approximately 230 employees • FY24 production guidance is 60-65koz (AISC A$1,750/oz-A$2,100/oz). Q1 actual production 15,855oz at A$2,156/oz • Underground performing well, open
Slide 7: Tomingley
For personal use only
Slide 8: FY24 mining areas underground
FY24 mining areas underground For personal use only Wyoming One Caloma Caloma Two • Ore extraction stopes in Wyoming One, Caloma and Caloma Two, looking from the north-east ALKANE RESOURCES | ASX:ALK 8
Slide 9: Operational Excellence & Resource Growth
Operational Excellence & Resource Growth For personal use only • Tomingley has consistently met or exceeded production guidance • Since mining commenced in 2013, mineral resources have grown ahead of production • Over 900koz of resources have been added, net of mine depletion as at the end of FY23 (
Slide 10: Tomingley Extension Project
Tomingley Tomingley Extension Project • Approval & Licences in 2023 – Project approval (Feb), Environment For personal use only Protection Licence (June), Mining Lease (July), Additional water licences secured for plant upgrade (1.5Mtpa). • Newell Highway diversion – Detailed road design complete. •
Slide 11: Residue storage
Residue storage For personal use only • Cell 1 complete • Cell 2 finishing construction • The cells have 3 million tonnes combined capacity • Further wall lifts included in approvals ALKANE RESOURCES | ASX:ALK 11
Slide 12: Extensive drilling campaign
Extensive drilling campaign For personal use only • Tight-spaced drilling ongoing at Roswell targeting 10x15m spacing • Modelling and engineering for ore drive and stope design underway • Expect to be developing into the orebody at Roswell before end of 2023 ALKANE RESOURCES | ASX:ALK 12
Slide 13: Paste plant for underground
Paste plant for underground For personal use only • Paste at Roswell maximises amount of ore mined • Earthworks have commenced • Long lead items ordered and under fabrication • Expect commissioning in Q3 2024 ALKANE RESOURCES | ASX:ALK 13
Slide 14: Process plant upgrade
Process plant upgrade For personal use only • Flotation and fine grind to improve recovery • Detailed engineering nearing completion • Long lead items ordered and under fabrication • Expect commissioning in Q3 2024 ALKANE RESOURCES | ASX:ALK 14
Slide 15: Successful Explorers
Successful Explorers • Alkane draws on its extensive experience to create value through For personal use only mineral resource discoveries • Long term well-resourced team • Comprehensive databases • Detailed regional knowledge • Successful at developing its discoveries and will also transact or join
Slide 16: Boda & Kaiser Resources
Boda & Kaiser Resources Initial Boda Resource released* For personal use only Initial Kaiser Resource released# • Boda resource update due before end of 2023 • Kaiser resource updated expected in Q1 2024 *ASX Release 30 May 2022. The equivalent calculation formula is AuEq(g/t) = Au(g/t) + Cu%/100*31
Slide 17: Metallurgical testwork and study
Metallurgical testwork and study For personal use only • Overall recovery for Boda estimated at 87.4% copper and 80.9% gold in the plant feed to saleable products • Overall recovery for Kaiser estimated at 79.6% copper and 70.7% gold in the plant feed to saleable products Next steps • Scoping level
Slide 18: North Molong Porphyry Project
North Molong Porphyry Project Upcoming Exploration For personal use only • Gravity survey completed, awaiting results • Boda 2-3 – diamond drilling Q1 2024 • Murga – RC drilling Q1 2024 • Driell Creek – RC and diamond drilling Q1, Q2 2024 • Konigin – Q2 2024 • Plans are evaluated and updated as resu
Slide 19: Regional Exploration
Regional Exploration • Tomingley area – air core, RC, diamond drilling Q1, Q2 2024 For personal use only • Targets (Au) at El Paso, Plains, Allendale & Glen Isla • Rockley Apsley (Au) – RC drilling Q2 2024 • Mt Conqueror (Au) – diamond drilling Q2 2024 • Armstrongs (Au) – air core Q1 2024 • Southern
Slide 20: Looking Ahead
Looking Ahead Expand initial studies of Boda and Kaiser for mining For personal use only processing, water, power, environmental and land access Expand early stage exploration across broader North Molong Porphyry Project Upgrade Boda and Kaiser Resources and complete preliminary economic study Deliv
Slide 21: For personal use only
For personal use only @alkaneresources alkane-resources-ltd alkane.com.au
Slide 22: Tomingley Resources
Tomingley Resources For personal use only ALKANE RESOURCES | ASX:ALK 22
Alkane Resources — Shareholder Meeting (November 2023) on 6ix